Globalizing responsibilities
Description
Globalizing responsibilities involves expanding accountability and coordinated action beyond national or local boundaries to address issues with global impact, such as climate change, human rights, and economic inequality. This strategy mobilizes international cooperation, harmonizes standards, and fosters shared commitments among governments, organizations, and individuals. By pooling resources and expertise, it remedies fragmented efforts, ensures equitable burden-sharing, and enhances the effectiveness of solutions to complex, transboundary problems that no single entity can resolve alone.
Context
While the globalization juggernaut has offered new possibilities and opportunities for raising the living standards of millions of people, it also is seen as a steamroller that can destroy lives, jobs and traditions in the blink of an eye. For more than half of the world's population who are not yet able to board the globalization-train, the new global economy has often deepened feelings of despair that the weak will never be able to compete with the already strong and powerful.
There is growing concern that new rules are needed to manage the global economy. These reflect the need for a new financial architecture to minimize the risk of financial crises, new trade laws to help level the playing field, and some ethical and moral rules to ensure that all peoples' needs are met in this new economy.
Claim
Financial efficiency and ever-greater returns on investments are the driving force of the global economy, and money often flows with little regard to the effects on people, culture or the environment.
Broader
Problem
SDG
Metadata
Database
Global strategies
Type
(C) Cross-sectoral strategies
Subject
International relations » Planetary initiatives
Content quality
Yet to rate
Language
English
1A4N
W0555
DOCID
13305550
D7NID
224502
Editing link
Official link
Last update
Dec 3, 2024