The developing nations are in for a lot of hard work to achieve sustainable development

9 november 2017

"The United Nations formulated the sustainable development goals for 2016-2030 for all countries and a key step on the way to achieving these goals is adaptation to the socio-economic situation in each specific nation," said Analytical Center expert Alexander Golyashev speaking at the Developing Countries' Forum Sustainable Development Agenda through 2030 and the New Silk Road in Guangzhou.

According to Mr. Golyashev, achieving the sustainable development goals depends for the most part on the development level of the society (pre-industrial, industrial, post-industrial), as well as on its financial capabilities, natural resources, the human development level, social structure, allocation of revenue and the national strategic development documents.

The IMF estimates that in 2017 the global GDP will grow by 3.6% while the world's largest economies, those of China and the US are going to expand by 6.8% and 2.2% respectively, the expert said. PwC prognosticates that by 2050 China will become the world's largest economy while India's going to be the second largest.

The share of the BRICS in the global exports is 18%, and in the global imports it is 15%. It's a huge amount of goods being shipped all over the world. And there's huge potential for further development of trade relations within the BRICS. The UN has also recognized the One Belt One Road initiative as an effective tool for the developing nations. Bilateral and multi-lateral cooperation within this project is going to help the participating nations grow their economies faster and achieve the sustainable development goals.

The Analytical Center has unofficially adapted the Goals for Russia and published the Report on human development regarding the UN Sustainable Development Goals and Russia, which included the first ever comprehensive analysis of the current situation and the capabilities that the country has for achieving the sustainable development goals. In his report, Mr. Golyashev talked about the findings of the study.

According to the expert, in the past forty years Russia has slipped in the global life expectancy rating from the 82nd place to 137th. One important, albeit not the only one, factor in increasing life expectancy and the quality of life is the correct diagnosis and treatment of medical conditions. The situation in education is a lot better: 96% of Russians have at least a high school level education, which is significantly higher than the average for the OECD (75%) and the BRICS (on this metric Russia's education rate is twice that of Brazil and 4 times that of China).

The role of transport and logistics in the Russian economy is fairly large; these services account for 5.4% of the country's GDP, which is higher than in other BRICS nations and in such developed nations as Germany and the USA. The per capita added value in this sector in Russia (USD 489 per person) is significantly higher than in other BRICS countries but more than three times lower than in the USA and Germany.

An important problem in Russia is a lack of private investment, especially in R&D. Almost 70% of all R&D investments in Russia come from the state.

The expert believes that when speaking of sustainable development, regional inequality must be borne in mind: the per capita gross regional product in Russia varies by as much as 20-fold from region to region, while education and healthcare services are more or less uniform in their level of development.

"Russia, the BRICS nations and other developing nations are in for a lot of hard work before they can achieve sustainable development," Mr. Golyashev summed up.