United Nations development goals (Part 2)

LAST week, I have already featured two essays by two young people discussing one of the 17 Sustainable Development Goals of the United Nations. Today, I am again providing an opportunity to three young people who wrote economic essays discussing one of these goals.

-o0oThis first piece is written by Hyoji (Judy) Shin and she writes about Responsible Consumption and Production.

Along with this year’s UN theme on sustainable tourism, the United Nations had set 17 achievable and time-bound sustainable development goals for the member nations to abide in order that prosperity be ensured for all.

Among these goals, goal 12 stands out due to its universal nature of application from the less economically developed countries to the more economically developed countries.

Consumption is one of the two main forces that fuel the circulation of money in a market along with production. Consumption may be executed from the smallest unit, a single person, to one of the largest unit, a nation.

Thus sustainable and responsible consumption of goods and services may be a stepping stone for the development of good jobs, economic growth and economic prosperity in the long run.

Responsible Consumption may refer to sufficient consumption of merit goods. Merit goods, which refers to goods and services that the government subsidizes in order to increase the consumption.

Some examples of merit goods include education and health welfare. The consumption of these merit goods will not only be beneficial to the consumer, but to the society as well. Education is a long-term investigation decision.

It is a basis to building fundamental human capital for the community for the betterment. By responsible consumption of merit goods that the government aids to make it accessible to any and all population, a nation may achieve prosperity and betterment with increased standard of living.

Responsible Consumption may also be referred to fair trade, also known as meeting the minimum wage, which guarantees equity for a certain group of people. For instance, the reason behind constant preference of products from Starbucks is the ethical approach that the consumers have, which is practicing fair trade. By meeting the raw-material producers with minimum wage, consumers are willingly able to justify the relatively high prices of products when compared to that of other brands. By being responsible consumers, redistribution of income may take into place due to the active circulation of money around firms.

The goals that the United Nations had set is specific, realistic and achievable. Although these goals take into account political, social, economic and social issues, in order for the standard of living to be flourished, economic activities have to take place, and with responsible consumption, a minute but a vital act, may allow a nation to attain prosperity.

-o0oThis second essay is written by Joungwoo (Jin) Kim and he writes about No Poverty.

Currently, there are 17 millennium goals which UN tries to achieve. In my opinion, the most important goal among these 17 goals is no poverty, which means the scarcity of a certain material or money, because such problem will be the basis in achieving other 16 goals .

In achieving this goal, economic factor is closely related as people must have sufficient amount of finance that can be used to support life. This money should not be provided by the government as governmental aid is not sustainable. Which means that