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Homework answers / question archive / The economist Jeffrey Sachs argues that specific and achievable goals help to develop more effective policy reforms
The economist Jeffrey Sachs argues that specific and achievable goals help to develop more effective policy reforms. As an example, he quotes President John F. Kennedy who gave the commencement address at American University in 1963. In that speech, Kennedy said: "By defining our goal more clearly, by making it seem more manageable and less remote, we can help all people to see it, to draw hope from it and to move irresistibly towards it." Kennedy meant the Limited Nuclear Test Ban Treaty needed to have specific and achievable goals to be effective, and Sachs means that the clarity of the Sustainable Development Goals (SDGs) can help achieve policy reform. How would you use the same idea of specific and achievable goals to think about changes in policy or society in relation to sustainability? Specifically, 1. Justify the relevance of Kennedy's statement with respect to the UN SDGs with specific references to the role of governments and private corporations. 2. Identify two of the SDGs that you consider important (as they relate to either your local community or to your core values). With the two selected SDGs, evaluate the interdependence of those goals while considering how the funding needs and action plans for the goals are interconnected
For Instructors
Explanation of topic/issue/problem to be addressed
Evidence of selecting and using information to investigate a point of view or conclusion
Influence of context and assumptions
Conclusions and related outcomes (implications and consequences)
Answer:
Companies face obstacles that restrict their capacity for growth, such as scarce natural resources, weak capital markets, restricted local purchasing power and lack of qualified talent. In order to take action at the local level, companies should identify how they can contribute to meeting the objectives in a way that drives financial performance in the markets in which they operate.
In order to support their workforce, all companies stand to gain from more resilient communities, reliable availability of natural resources and an educated and informed population. By helping to drive progress towards these outcomes and creating shared value, companies can help ensure their ability to generate capital and shareholder value over the long term.
References
https://www.ey.com/en_gl/assurance/why-sustainable-development-goals-should-be-in-your-business-plan
