Home Economy SGD 9 – Industry, Innovation And Infrastructure

SGD 9 – Industry, Innovation And Infrastructure

19
0

Among the 17 Sustainable Development Goals (SDGs), ‘Industry, Innovation, and Infrastructure’ (SDG 9) is one of the most directly relevant, alongside other SDGs such as Clean Water and Sanitation (SDG 6) and Affordable and Clean Energy (SDG 1). (SDG 7). Engineers are frequently in charge of the Industry, Innovation, and Infrastructure (I3) sectors. Climate change uncertainty, emerging disaster risks, rapid urbanization, and tightening financial constraints all necessitate a more flexible and adaptive infrastructure development approach. This entails treating infrastructure as an interconnected portfolio of assets capable of enhancing system resilience. For example, combining green infrastructure with assets such as parks can result in assets that not only contribute to clean air and storm water retention but also provide public amenities that improve quality of life (UNOPS 2019). Infrastructure that is adequate and resilient underpins future economic growth and allows people to access the resources they require for a high quality of life. While infrastructure has traditionally been seen as a government responsibility, increasing pressures such as population growth and climate impacts mean that businesses have more opportunities to apply their resources and expertise in this area.

According to numerous study findings, inclusive internet connectivity can be achieved through public-private partnerships, collaborative responsiveness, ICT investments, and collaborations across various stakeholders via technological platforms. The relevance of ICT in people’s lives is another important requirement for achieving inclusiveness in the field of ICT. E-governance, ecommerce, e-banking, and e-entertainment can all help with this. In contrast to the rise in the share of services, MVA as a percentage of GDP has been declining for more than two decades, from 21% in 1995 to 15% in 2014. It was the lowest (11%) of the regions with data for 2015 in Sub-Saharan Africa. In Europe and Central Asia, it was 16 percent, in South Asia, 16 percent, and in Latin America and the Caribbean, 14 percent. A similar pattern can be seen in MVA per capita. In 2015, the average cost of living in Europe and Central Asia was $3,114 per person, $1,123 in Latin America and the Caribbean, and $144 in Sub-Saharan Africa. Remote populations can benefit from investments in reliable, sustainable, and resilient infrastructure (target 9.1). Farmers can deliver their produce more efficiently to markets, and families can get to schools, hospitals, and other facilities more easily with better roads.

Increased agricultural productivity, business profitability, and employment are all aided by improving rural road connectivity in the long run. The rural access index (RAI) calculates the percentage of people living within two kilometers of an all-season road, which is a reasonable walking distance for most people’s everyday economic and social needs.

Air transportation that is both reliable and frequent is essential for efficient regional and transborder infrastructure (target 9.1). Between 2000 and 2015, global air passenger transport doubled, reaching 3.4 billion passengers, with 1 billion of those traveling on East Asian and Pacific carriers. Between 2000 and 2015, the region’s passenger numbers more than tripled, thanks largely to China. North America, Europe, and Central Asia each accounted for 26% of the global total of registered carriers. Due to the ongoing COVID19 pandemic, every aspect of economic activity is being disrupted. Human capital, which is undergoing massive disruption, underpins all of industry, innovation, and infrastructure. Poverty, inequalities, and hunger have all increased as a result of job losses and income disparities. Other SDGs’ progress has been hampered as well. The deaths that result will have an impact on the availability of human capital. The situation is unclear at this time, and the lack of a vaccine will only add to the stress and anxiety already present.

As a result, innovation will suffer. The COVID-19 pandemic has prompted governments to review their current policies, which have been put to the test and exposed their flaws. In addition, efforts are being made on a global scale. stage, particularly in terms of utilizing technology and working with research institutions and manufacturing in order to activate supply chains and devise effective solutions to the threat of the pandemic. Surely, the combined efforts of various governments should aid in the achievement of the SDGs. 9 goals were scored. Industrial investments always help to improve the image of a country’s industrial development. The economy of the country is largely dependent on the number of diverse industries that employ a large number of people and produce or promote better and indigenous products at reasonable prices. As a result, the industry’s scope is determined by the infrastructure available for production operations. This is usually a win-win situation, with the government providing the infrastructure for the investor to invest in any decent business location. SDG addresses the importance of Industry, Innovation, and the infrastructure required for the establishment, sustainability, and development of the industry while addressing the entire life of the community. To address this situation in a way that is also beneficial, a compromise between private and public initiatives is required.

LEAVE A REPLY

Please enter your comment!
Please enter your name here