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Planning for a sustainable future: need for cooperation between UN & Non state actors

[vc_row][vc_column][vc_column_text]world this weekIt is important to understand that without identifying global partnerships, it is going to be very difficult to realize the goals of Post-2015 development agenda and without the necessary cooperation and coordination from regional, national and international organizations, the Sustainable Development Goals will not be achieved. Specifically, for this reason, the SDG 17 addresses global partnerships. These can be classified into five central policy objectives. They effectively work in the fields of finance, technology, capacity building and trade and systematically assist in other issues. They provide efficient solutions and ideas for policy makers and political leadership in achieving the Post-2015 development agenda. The commitment to provide and improve infrastructure and sources of revenue is of utmost importance. Today, adequate infrastructure is missing as are stable sources of revenue. This is clearly mentioned in the finance section of Goal 17. This can be achieved by inviting government agencies to acquire additional finances by increasing necessary taxes. The United Nations needs to coordinate effectively with member nations and member states need to employ appropriate mechanisms to deliver the programs efficiently. Additionally, the financial section of the Goal 17 also requests that the developed economies contribute at least 0.7 percent of their national income for aid to developing and underdeveloped economies. It further requests that developed economies provide over 0.15-0.2 percent of their national income to the least developed economies. Without adequate global partnerships, least developed and underdeveloped economies will have a hard time achieving the Post-2015 development agenda. Besides increasing official aid, it is important for developed economies to identify potential sources of finance, which the least developed economies can utilize. Also, the introduction of potential private entities should be considered. One such example of cooperation is the EU Investment bank and the United States Development Agency. It is important for policy makers and political leaders to address Goal 17 first, for without the necessary support from potential partners, it will be difficult for nations to achieve the goals. In previous years, we have seen the UN actively advocating for tax relief and increasing financial support for underdeveloped economies. The share of the GDP will increase substantially every year. There is an absolute need to restrict the interference of financial institutions in developing economies as they pressure agencies on immediate repayment. A recent report issued by the UNDP highlights the dangerous level of debt taken by over 43 developing economies. In fact, lending has increased by over 63% more than last year. As stated by economists, these loans are then used by private entities to lobby within the government, hampering democratic governance and policies. Institutions such as the World Bank are a major stakeholders and are needed by developing economies, not only for the accomplishment of the SDG’s but also for the overall development of the member state. It is important for policy makers and political leaders to view this through a multidimensional prism and identify and coalesce around a concrete and effective solution for the issue.       Challenges so far The key challenge in achieving sustainable development goals are the integration and development of key technologies. This is an important issue, especially with respect to the underdeveloped and least developed economies. To ensure continuous capacity building and receive adequate financial assistance, technology development is essential. Innovation and technology can free an underdeveloped country from the grip of a developed economy and successfully prevent the former from becoming a hostage. The United Nations actively advocates creating a technology bank, which will increase technological cooperation and will provide easy and cheap access for the least developed economies. This is one of the key issues, preventing underdeveloped economies from utilizing available resources as many developed countries have gained expertise in STEM technology. Instead of providing these resources, they “lend” allowing the host nation to become a hostage. Another major challenge for developing economies and the UN is the global initiative for global capacity and advocacy, which according to UNDP, is necessary for the achievement of the goal. It is important for policy makers to create effective and efficient capacity building policies in an effort to support the national policies and the sustainable development goals that can be achieved through North-South, South-South and triangular cooperation. The importance of trade cannot be ruled out. It is important for world leaders to create a universal, concrete, open and flexible multilateral trading system under the World Trade Organization, especially including the Doha Development Agenda. Policy makers need to address other important issues such as inadequate infrastructure, and the absence of basic civic amenities such as clean water and hygiene. There is an absolute need to revive policies and create new ones in order to ensure global microeconomic stability. This can be addressed through cooperation and coordination between national agencies along with partnerships with stakeholders while respecting a nation’s policy mechanism, leadership and steps taken for poverty eradication and sustainable development. Conclusion Global partnerships are crucial for the achievement of sustainable development goals. There are numerous challenges ahead and every member nation has its own unique and complex challenges which involve the private sector, inter-agency interaction, and civil society groups. It is important for policy leaders to carefully understand the challenges of this world order and transform the system in a way that suits every stakeholder in order to ensure the growth of all stakeholders. Stakeholders are tasked with finding innovative ways to create concrete strategies while ensuring inter-agency interaction, public private partnerships and adequate financing.[/vc_column_text][/vc_column][/vc_row]

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