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Labour productivity (measured by GDP per worker) spurs economic growth. Growth in labour productivity in developing regions far outpaced that of developed regions, especially in Asia. Between 2010 and 2015, labour productivity grew by 0.9 per cent per year, on average, in developed regions, while rising by 6.7 per cent per year, on average, in Eastern Asia, the region with the fastest growth. Despite rapid growth in some developing regions, labour productivity remains far higher in the developed regions. In 2015, the average worker in developed regions produced 23 times the annual output of an average worker in sub-Saharan Africa (which has the lowest labour productivity in developing regions), and 2.5 times that of an average worker in Western Asia (which has the highest labour productivity in developing regions). [Report of the Secretary-General, "Progr ess towards the Sustainable Development Goals", E/2016/75]
While economic growth and employment are important for economic security, access to financial services is an essential component of inclusive growth. Between 2011 and 2014, the proportion of the world’s adult population with an account at a financial institution or a mobile money service provider increased from 51 per cent to 62 per cent, meaning that 700 million adults became account holders during this period. Financial exclusion disproportionately affected women and the poor. The proportion of women who are account holders is 9 percentage points lower than the proportion of men who are account holders. Moreover, the proportion of account holders among the poorest 40 per cent of households is 14 percentage points lower than among those living in the richest 60 per cent of households. [Report of the Secretary-General, "Progr ess towards the Sustainable Development Goals", E/2016/75]
The Report of the Secretary-General, "Progress towards the Sustainable Development Goals",E/2017/66about this SDG says:
Targets set by SDG 8 are:"Increasing labour productivity, reducing the unemployment r ate, especially for young people, and improving access to financial services and benefits are essential components of sustained and inclusive economic growth."
1. Sustain per capita economic growth in accordance with national circumstances and, in particular, at least 7 per cent gross domestic product growth per annum in the least developed countries;
2. Achieve higher levels of economic productivity through diversification, technological upgrading and innovation, including through a focus on high-value added and labour-intensive sectors;
3. Promote development-oriented policies that support productive activities, decent job creation, entrepreneurship, creativity and innovation, and encourage the formalization and growth of micro-, small- and medium-sized enterprises, including through access to financial services;
4. Improve progressively, through 2030, global resource efficiency in consumption and production and endeavour to decouple economic growth from environmental degradation, in accordance with the 10-year framework of programmes on sustainable consumption and production, with developed countries taking the lead;
5. By 2030, achieve full and productive employment and decent work for all women and men, including for young people and persons with disabilities, and equal pay for work of equal value;
6. By 2020, substantially reduce the proportion of youth not in employment, education or training;
7. Take immediate and effective measures to eradicate forced labour, end modern slavery and human trafficking and secure the prohibition and elimination of the worst forms of child labour, including recruitment and use of child soldiers, and by 2025 end child labour in all its forms;
8. Protect labour rights and promote safe and secure working environments for all workers, including migrant workers, in particular women migrants, and those in precarious employment;
9. By 2030, devise and implement policies to promote sustainable tourism that creates jobs and promotes local culture and products;
10. Strengthen the capacity of domestic financial institutions to encourage and expand access to banking, insurance and financial services for all.
A) Increase Aid for Trade support for developing countries, in particular least developed countries, including through the Enhanced Integrated Framework for Trade-Related Technical Assistance to Least Developed Countries;
B) By 2020, develop and operationalize a global strategy for youth employment and implement the Global Jobs Pact of the International Labour Organization.
The global indicator framework was developed by the Inter-Agency and Expert Group on SDG Indicators (IAEG-SDGs) and agreed to, as a practical starting point at the 47th session of the UN Statistical Commission held in March 2016. The report of the Commission, which included the global indicator framework, was then taken note of by ECOSOC at its 70th session in June 2016. [SDG Indicators - Revised list of global Sustainable Development Goal indicators]
This was only an introduction to SDG 8, so it is up to you to help me spread it around!