Sustainable Social Development in a Period of Rapid Globalization: Challenges, Opportunities and Policy Options

Sustainable Social Development in a Period of Rapid Globalization: Challenges, Opportunities and Policy Options

Sustainable Social Development in a Period of Rapid Globalization: Challenges, Opportunities and Policy Options

Sustainable Social Development in a Period of Rapid Globalization: Challenges, Opportunities and Policy Options

Synopsis

Globalization, the term used to summarize the increasingly complex interdependence among nations and societies in terms of financial flows, trade, industry and communication, has spurred economic growth and contributed to a reduction in poverty in the ESCAP region. The impact, however, has not been uniform and disparities in some areas has widened. To alleviate these negative aspects, this study calls for greater attention to social development. It argues that for economic development to continue, social development must be self-sustaining. For this to occur, adequate investment in human resources - the provision of education, health, shelter and sanitation - is required. The integration of social and economic policies to be integrated is considered necessary for either to be effective and sustaining.

Excerpt

Social development remains a key priority on the escap agenda as poverty and social inequalities prevail and continue to affect far too many people in the region. Hunger and malnutrition, ill-health, lack of access to safe drinking water, low access to education and other public services and resources, social exclusion, lack of participation and violence are some of the many issues that characterize the state of social development in many parts of the region today. Social development is the process aimed at alleviating poverty and improving the quality of life in major sectors such as health, education, employment, housing and personal safety. It also aims at enhancing social equity, social inclusion and social protection, and opportunities for access to and full participation in the development process.

The term “sustainable social development”, as it is used in this study, denotes interlinking or integrating the social and economic systems to ensure that these goals of social development are self-sustaining. What this implies is, first, that at the level of desirable results, both social and economic policies have as their ultimate goals enhancing the security, well-being and freedom of individuals. Second, at the level of process, institutions and agencies dealing with the social and economic sectors must reflect such coordination and integration. This means that, in macroeconomic and social policy formulation and decision-making, the process must be inclusive, with institutionalized consultations that involve government ministries and parliaments as well as other development partners and, most important, organizations of the poor and vulnerable groups at all levels in society.

The term “globalization” also requires some clarification. the term means different things to different people. To some, globalization is an inevitable, technologically-driven process that is increasing economic and political relations among people of different countries. For them, it is not only a natural phenomenon, but primarily good for the world. To others, there is a much deeper concern about the potential risks and vulnerabilities attendant to the globalization process. These contrasting views are related to differing conceptualizations of globalization. To some, globalization is seen as the growth and spread of global corporations. Others emphasize the cultural and social integration generated by new information and communications technologies. the term is also associated with the increasing interdependence among countries impacted by the growing cross-border flows of finance, goods, information, technology, labour and other forces.

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.