Green, Resilient, and Inclusive Development
Developing countries have experienced growing structural weaknesses over the last decade. COVID-19 and climate change have further aggravated these, worsening poverty and inequality, and starkly exposing the interdependence between people, the plan...
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| Language: | English |
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World Bank, Washington, DC
2021
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| Online Access: | http://documents.worldbank.org/curated/undefined/285171633074966748/Green-Resilient-and-Inclusive-Development http://hdl.handle.net/10986/36322 |
| Summary: | Developing countries have experienced
growing structural weaknesses over the last decade. COVID-19
and climate change have further aggravated these, worsening
poverty and inequality, and starkly exposing the
interdependence between people, the planet, and the economy.
This report charts out the Green, Resilient, and Inclusive
Development (GRID) approach, which departs from previous
development strategies by promoting economic growth that
goes hand in hand with environmental goals and social
inclusion. Pursuing the twin goals of poverty eradication
and shared prosperity with a sustainability lens, the GRID
approach addresses the risks to people, the planet, and the
economy in an integrated manner that is tailored to country
needs and objectives. It sets a path that achieves lasting
economic progress that is shared across the population,
providing a robust recovery, and restoring momentum on the
Sustainable Development Goals (SDGs). As countries face a
historic opportunity to establish a better way forward, they
will need to make significant reforms, mobilize domestic
resources fairly, and deploy private sector solutions at
scale. To ensure that the fruits of these transformations
are evenly distributed, a range of social and labor market
policies are also needed to compensate losers, safeguard the
vulnerable, and deliver a just transition to a green
economy. As needs are vast, complementary involvement from
the public and private sectors, and the international
community is vital |
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