In: Economics
How does peace justice and strong institution affects the income distribution, Gender equality and Sustainable development.
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"Sustainable development is a development that meets the needs of the present without compromising the ability of future generations to meet their own needs." This definition was given in 1987 by the Bruntland Commission, in its report "Our Common Future", with an effort to link the issues of economic development and environmental stability. Gender equality refers to the equal consideration, valuation, and consideration of different behaviours, aspirations, and needs of women and men. Income distribution looks at how much different socioeconomic groups in a country earn. In other words, income distribution refers to the equality or smoothness with which people’s incomes are distributed.
Peace, justice and strong institution are both a goal and a means of sustainable development. Linking gender equality and income distribution with sustainable development is important for several reasons. It is a moral and ethical imperative.
Peace: The definition of peace means being free from disturbance. The traditional notion of peace—the absence of conflict—is not enough to bring about sustainable development. In a society where positive peace prevails, all sectors help bring about the positive economic, political and social factors that lead to sustainable development.
Justice: Everyone is equal before the law and must have equal access to justice and the opportunity to exert influence and demand accountability from decision-makers. Good governance and the rule of law are fundamental goals and means for development.
Strong Institutions: An effective state administration with responsible institutions, transparency and the rule of law all have an intrinsic value of their own. They constitute the basis of good governance including anti-corruption measures and are important driving forces for development. Policies should ensure effective participation in and equal benefit from sustainable development projects and actively address entrenched discriminatory stereotypes and inequalities.
Achieving sustainable development means not only reconciling economic and environmental sustainability but also prioritizing social sustainability. Peaceful, just and inclusive societies are necessary to achieve the Sustainable Development Goals. This requires effective and inclusive public institutions that can deliver quality education and healthcare, fair economic policies and inclusive environmental protection. These outcomes help ensure greater profitability for enterprises in the future. Promoting peace and sustainable development reduces poverty and prevents conflict, translating to a healthier business environment that allows for a more effective delivery of products and services. Peace, justice and strong institution affects the income distribution, Gender equality promote a renewed social contract between states and people that ensures the financing and implementation of sustainable development, with universal access to public goods and services and common-pool resources