SDG #8: Good Jobs and Economic Growth

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#8 Good Jobs and Economic Growth

While strengthening GDP (Gross domestic product) is important for a prosperous and productive economy, it only scratches the surface for this goal—to promote sustained, inclusive, and sustainable economic growth, full and productive employment, and decent work for all. It encourages developed countries to maintain their GDP growth in line with national circumstances and encourages at least 7 per cent growth in developing and least developed countries. Targets are set to increase diversification, technological upgrading and innovation, and focus on high-added value and labour-intensive sectors and to promote development-oriented policies that support…

  • Decent work for all women and men
  • Young persons
  • Persons with disabilities
  • Entrepreneurship
  • Creativity and innovation
  • Encouragement of growth for micro, small, and medium sized enterprises through access to necessary financial services

It maintains that gender equality and equal education is central for this goal in addition to the eradication of child labour. It also stresses increasing the capacity of domestic financial institutions to expand access to banking, insurance, and other financial services for all.

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Targets included in this goal:

8.1

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

8.2

Achieve higher levels of economic productivity through diversification, technological upgrading and innovation, including through a focus on high-value added and labour-intensive sectors

8.3

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

8.4

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

8.5

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

8.6

By 2020, substantially reduce the proportion of youth not in employment, education or training

8.7

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

8.8

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

8.9

By 2030, devise and implement policies to promote sustainable tourism that creates jobs and promotes local culture and products

8.10

Strengthen the capacity of domestic financial institutions to encourage and expand access to banking, insurance and financial services for all

8.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

8.b

By 2020, develop and operationalize a global strategy for youth employment and implement the Global Jobs Pact of the International Labour Organization

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