Financial crises and the attainment of the SDGs: an adjusted multidimensional poverty approach

This paper analyses the impact of financial crises on the Sustainable Development Goal of eradicating poverty. To do so, we develop an adjusted Multidimensional Poverty Framework (MPF) that includes 15 indicators that span across key poverty aspects related to income, basic needs, health, education and the environment. We then use an econometric model that allows us to examine the impact of financial crises on these indicators in 150 countries over the period 1980–2015. Our analysis produces new estimates on the impact of financial crises on poverty’s multiple social, economic and environmental aspects and equally important captures dynamic linkages between these aspects. Thus, we offer a better understanding of the potential impact of current debt dynamics on Multidimensional Poverty and demonstrate the need to move beyond the boundaries of SDG1, if we are to meet the target of eradicating poverty. Our results indicate that the current financial distress experienced by many low-income countries may reverse the progress that has been made hitherto in reducing poverty. We find that financial crises are associated with an approximately 10% increase of extreme poor in low-income countries. The impact is even stronger in some other poverty aspects. For instance, crises are associated with an average decrease of government spending in education by 17.72% in low-income countries. The dynamic linkages between most of the Multidimensional Poverty indicators, warn of a negative domino effect on a number of SDGs related to poverty, if there is a financial crisis shock. To pre-empt such a domino effect, the specific SDG target 17.4 on attaining long-term debt sustainability through coordinated policies plays a key role and requires urgent attention by the international community

An Overview of the Ethics of Eating and Drinking

Eating and drinking are ethical acts. When we make decisions about what to eat and what not to, we are making decisions that impact our own health, the well-being of those who work in the food system, animal welfare, and the environment. Food ethics is the interdisciplinary study of how what we eat – including the way it is produced, distributed, marketed, prepared, and ultimately consumed – impacts human, animal, and planetary health and well-being. Food ethics also analyses the justice or fairness of these impacts. Food ethics raises many difficult questions that do not always have clear or easy answers, such as how do we produce enough food to feed everyone well and equitably; how do we ensure that everyone has access to high-quality, nutritious food that is culturally appropriate; how do we do this in a way that treats workers fairly and respectfully, is considerate of animal welfare, and is environmentally sustainable; and how do we shift power across the food system in favor of the public good over multinational food companies. This chapter will explore these questions and more, hopefully encouraging thoughtful discussions and potential solutions for the future

Urbanization in the time of climate change: Examining the response of Indian cities

India's urban transition is salient to the growing emphasis on city responses to climate change. While projected to experience the largest global urban transition with significant infrastructure investment in the next few decades, the welfare of Indian cities remains poor, which complicates the implications for climate change mitigation and adaptation. This paper traces, synthesizes and characterizes the emerging literature on Indian urban climate debates. It discusses the arc of urban climate efforts, from an initial emphasis on climate vulnerabilities and risks, broadening over time to include climate mitigation. The paper examines the governance forms and political motivations with which such actions are pursued in cities and finds three overarching characteristics: the use of local development priorities as an entry point to climate mitigation and adaptation; the role of nonstate actors in promoting climate-relevant outcomes; and the proclivity for discrete project-based activities. The paper suggests that while a range of Indian cities are beginning to consider climate concerns, a larger strategic understanding of the interaction between climate and development priorities, across policy and governance levels, is yet to be developed. The future trajectory of urban India's responses to climate change will be shaped by the institutional prioritising, linking and integrating of urgent local development and mitigation and adaptation goals. This article is categorized under: Climate and Development > Urbanization, Development, and Climate Change