First, as important as the rate of economic growth, is the way in which the benefits of growth are shared across society. SOCIAL CAPITAL AND SUSTAINABLE DEVELOPMENT: THE ROLE OF MARKET AND NON-MARKET INSTITUTIONS IN A DEVELOPING COUNTRY: Keynote speech: The keynote speech on this issue was presented by Kanchan Chopra, Institute of Economic Growth, University Enclave of Delhi, India. Reference is made to urban SUMMARY OF THE WORKSHOP ON POVERTY ALLEVIATION AND SUSTAINABLE DEVELOPMENT: EXPLORING THE LINKS23 JANUARY 2001. Some 340 counties would no longer be labeled as ‘impoverished’. Finally, participants heard concluding comments by IISD Board member Angela Cropper. Discussion: In the ensuing plenary discussion, Anil Markandya responded to a participant who commented on the increasing impact of natural disasters, agreeing that development strategies and projects need to focus more on reducing vulnerability. China is also leveraging its experience internationally. 1.1. He further identified the challenge of achieving a balance between country ownership and the desire on the part of donors to ensure that funds are used effectively, and underscored that donors need to recognize that country ownership is critical to success. In addition, one speaker stressed that the macroeconomic policies employed in some countries of Southeast Asia have made it possible for businesses in those countries to support poverty reduction. Just to give examples from gender gaps in labour markets, in some regions, the unemployment rate of women is more than double that of men. In response to a question on democratic institutions and the success of the projects presented, Kanchan Chopra said democratic institutions are one necessary pre-condition. He stressed that the link between sustainable development and poverty alleviation has to be made to ensure that steps to address poverty will be sustainable. Jacques Gérin, Chair of the Board of Directors of the International Institute for Sustainable Development (IISD), welcomed participants and introduced the topic of poverty alleviation and sustainable development. Markandya stated that Stiglitzs vision requires fleshing out with detailed operational guidance. ... understanding is poverty, alleviation and sustainable development . Almost half the worlds population currently lives on less than two dollars a day. Yet, it is becoming more difficult to rely on manufacturing to create jobs. She noted that non-governmental organizations had facilitated initial agreement on mechanisms for collaborative management of resources, which then evolved through the interactions of different stakeholders. She said social entrepreneurs bring together different forms of capital that can result in successful experiences on the ground and cited the example of micro-finance initiatives in Bangladesh. He said a long-term framework from donors that is not subject to short-term political change is required, as development is too important to be affected by frequent policy shifts. POVERTY ALLEVIATION AND SUSTAINABLE DEVELOPMENT IMPLICATIONS FOR THE MANAGEMENT OF NATURAL CAPITAL BY A. MARKANDYA1 UNIVERSITY OF BATH AND THE WORLD BANK PREPARED FOR THE WORKSHOP ON POVERTY AND SUSTAINABLE DEVELOPMENT OTTAWA, 23RD JANUARY 2001 ORGANIZED BY THE INTERNATIONAL INSTITUTE FOR SUSTAINABLE DEVELOPMENT REVISED … The MarketWatch News Department was not involved in the creation of this content. To take another example, in Latin America, while the annual average of people that escaped poverty during the period 2003 to 2008 reached almost 8 million people, following the global economic crisis, this reduction slowed down to an annual average of around 5 million people from 2009 to 2014. One participant noted that trust building and continuity requires the capacity of communities and the government to renegotiate as circumstances change. In many countries in Africa, there is already an ongoing transition from agriculture straight to services – but mostly low-paying services, often in the informal economy. He noted the role of the now completed interim PRSPs (I-PRSPs), which include information on the current situation in countries and future plans, and the function of the annual progress reports and PRSP updates every three years. POVERTY REDUCTION STRATEGY PAPERS AND SUSTAINABLE DEVELOPMENT: Keynote speech: Daniel Morrow, Lead Adviser, Poverty Reduction Strategy Program, World Bank, highlighted the 1999 Poverty Reduction Strategy Papers (PRSP) approach, developed by the World Bank and the International Monetary Fund, to provide development assistance to low-income countries. He supported these steps and the economic management reforms proposed by Stiglitz as effective ways to move forward. Excerpts from Sustainable Developments may be used in other publications with appropriate academic citation. According to the latest Human Development Report, in around one hundred countries women are denied access to some jobs because of their gender, and in eighteen countries, women need their husband’s approval to work. On the first case study, regarding a project focused on social capital for sustainable development in a poor rural community in Eastern India, she said the project led to the pooling of land and water resources to achieve an appropriate scale for development. He also calls for: a strong, competitive, stable and efficient private sector through a sound legal and regulatory environment; a stable macroeconomic framework that reduces vulnerability to inevitable shocks associated with global engagement; public provision of health, infrastructure and education services, as well as an enabling environment for private sector involvement in providing these services; and openness of developed country markets to developing country exports. He cautioned against a focus within the PRSP process on short-term goals, as they may distort long-term investments needed for sustainable development and crowd out other investments. The Critical Importance of Inclusive Growth For more information contact: Financing for Development Coordinating Secretariat, United Nations Headquarters, New York, Harris Gleckman, tel: +1-212-963-4690; e-mail: [email protected] or Federica Pietracci, tel: +1-212-963-8497; e-mail: [email protected]; Internet: http://www.un.org/esa/ffd, WORLD SUMMIT ON SUSTAINABLE DEVELOPMENT (RIO+10): This UN Summit for the 10-year review of progress in implementing the outcome of the UN Conference on Environment and Development will take place in Johannesburg, South Africa in 2002. Poverty is not reflected in low levels of income alone but it is, rather, multifaceted. He said a sustainable development framework for poverty alleviation should place the individual, family and community in the center of the equation. Distinguished guests, Another participant cautioned against rushing the development of PRSPs and against a simultaneous speeding up of lending. Another speaker highlighted that the costs and time required to set-up institutions are high. Workshop Chair Maurice Strong, Senior Adviser to UN Secretary-General Kofi Annan, noted that poverty is an "ancient" and enduring problem, but one that need no longer be accepted as inevitable given the unprecedented prosperity and opportunities for wealth creation available today. She said IISD should move beyond the issues of causality between poverty and environmental degradation and definitions of sustainable development. Poverty reduction, poverty relief, or poverty alleviation, is a set of measures, both economic and humanitarian, that are intended to permanently lift people out of poverty.. The Editor is Lynn Wagner, Ph.D. [email protected]. The e-conference, which began earlier in January and would continue into February, was facilitated by IISD and involved about 750 participants. Sinopec has been actively involved in poverty alleviation since 1988, it has invested more than 2.4 billion yuan (US$ 365.6 million) in support and assistance. Globally, extreme poverty rates are at an all-time low. ILO data shows that labor productivity in 36 developed economies rose by 17 percent between 1999 and 2013, but real wages increased by only 6 percent over that period. Sustainable Development & Poverty Alleviation. One consequence of this is that many people were left behind, or saw the incomes of others, in their own country or abroad, increase while theirs either stagnated or came down, fueling perceptions of exclusion. And finally, the 2030 Agenda includes ambitious Sustainable Development Goals on environmental sustainability and climate change mitigation. Morrow responded that the PRSP guidelines are of a general nature, which is one reason they do not mandate a section on sustainable development and do not dictate how civil society should be involved, only that it should be involved. As of now, 67 Sinopec affiliated enterprises are carrying out supporting projects in 709 villages, with a total of 1,945 staff members fighting on the frontline of poverty alleviation. In sub-Saharan Africa, UNDP estimates that gender gaps in the labour market cost on average US$95 billion per year in GDP losses between 2010 and 2014. One speaker said the focus under the PRSPs should be on processes by which governments include other institutions, cautioning that governments have their own objectives that are not compatible with a bottom-up approach. POVERTY ALLEVIATION AND SUSTAINABLE DEVELOPMENT: IMPLICATIONS FOR THE MANAGEMENT OF NATURAL CAPITAL: Keynote speech: Anil Markandya, University of Bath/World Bank, delivered the keynote speech on this issue. This session will focus on: atmosphere; energy/transport; information for decision making and participation; and international cooperation for an enabling environment. Climate change and environmental degradation add to the challenges. The theme for the meeting will be "Population, environment and development." The public and private sectors would also play key roles. He added that there is a need to refocus development strategies on key basic economic infrastructure. The manifestation of poverty goes beyond the urban-rural divide, it has subregional and regional contexts. During this period, however, the strategies and approaches to tackle the problem have changed. Excellencies, Kanchan Chopra concluded by highlighting issues for further discussion, including: whether a meaningful definition of social capital for poverty alleviation needs to distinguish between formal and informal institutions; what the appropriate degree of decentralization is; what the role of human capital formation is; how social entrepreneurs emerge; why there is a dearth of informal social capital in the urban context; and what role formal legal, financial and market institutions can play in sustainable urban development. Map towards sustainable development: EXPLORING the LINKS23 January 2001 global commitment sustainable! Part of the community responsible for its protection understanding is poverty, the! Experiences of persons with disabilities with respect to global efforts towards poverty reduction in reverse as a step... 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