Regional economic cooperation, as a form of partnership for development, offers a valuable approach, given the region’s lead as a driver of global growth and a supplier of funding to advanced countries. However, this cooperation needs to be further strategized by, among other things, better tapping the region’s tax potential and leveraging its pool of savings.
Despite consensus on the interdependence of the three dimensions of sustainability for decades, there is lack of understanding how to conceptualize integration into strategic frameworks and how to steer, mainstream and implement balanced economic growth, social justice and ecological sustainability.
The new development agenda emphasizes that social justice and ecological sustainability be established as fundamental policy objectives, rather than as secondary considerations to economic growth. These essentials call for a rethink and a shift to a different growth trajectory, a green trajectory, which is more resource-efficient, able to meet the needs of present and future generations within planetary boundaries, and which puts people at the center of development.
Report by the Executive Secretary of activities of ESCAP to the 360th Session of Advisory Committee of Permanent Representatives.
As one of our region’s most renowned economists, Amartya Sen wrote - the path to enhanced human flourishing will be built by expanding the scope of choices and opportunities. We have a responsibility to ensure equality of choices and opportunities for people today and the generations to come. Therein, lies the key to end poverty, build lives of dignity, protect our planet and, in short, achieve sustainable development for all.
With the enhanced role of regional commissions in sustainable development, ESCAP will be working closely with the rest of the UN system to ensure there is a more holistic approach to addressing the vulnerabilities which have made it difficult for smaller economies to make inroads in addressing the challenges of water, sanitation and water related-disasters.
Our region is changing and the global development paradigm is being transformed. To remain relevant and effective, to provide the support our member States need implementing the post-2015 development agenda, ESCAP has and must continue to change too.
The Asia-Pacific region has taken the first steps towards achieving Sustainable Energy for All. ESCAP is committed to support member State cooperation on a common energy agenda for shared prosperity, social equity and sustainability.