Sustainable Development Goals - Harnessing Business to Achieve Sdgs Through Finance, Technology Law

Achieving the Sustainable Development Goals through Finance, Technology and Law Reform
 
Achieving the SDGs requires a fundamental rethink from businesses and governments across the globe. To make the ambitious goals a reality, trillions of dollars need to be harnessed to mobilise finance and accelerate progress towards the SDGs.
 
Bringing together leaders from the World Bank, the financial and business sectors, the startup community and academia, this important, topically relevant volume explains what the SDGs are, how they came about and how they can be accelerated. Real-world case studies and authoritative insights address how to direct investment of existing financial resources and re-align the global financial system to reflect the SDGs.
 
In depth chapters discuss how financial institutions, such as UBS Wealth Management, Manulife Asset Management and Moody's Rating Agency are supporting the SDGs. The opportunities arising from Blockchain, Big Data, Digital Identity and cutting-edge FinTech and RegTech applications are explored, whilst the relevance of sustainable and transparent global supply chains is underscored. Significant attention is paid to law reform which can accelerate progress of the SDGs through SME Financing, Crowdfunding, Peer-to-Peer Lending and tax restructuring.
 
To achieve the 'World We Want', much needs to be done. The recommendations contained within this book are critical for supporting a fundamental shift in thinking from business and governments around the world, and for building a more just and prosperous future for all.

List of contents

About the Editors xvii
 
Notes on Contributors xix
 
Foreword xxix
 
Foreword: Implementation of the SDGs xxxi
 
Preface xxxv
 
Introduction 1
 
Part One: Overview and Context 9
 
Part Two: Where Will the Money Come From? Financing the SDGs 10
 
Part Three: Technology, Innovation, and Entrepreneurship 12
 
Part Four: Facilitating the SDGs by Legal Infrastructure Reform 15
 
Part I Overview and Context 17
 
1 The UN and Goal Setting: From the MDGs to the SDGs 19
Alma Pekmezovic
 
Introduction 19
 
What is Development? 20
 
Is There a Right to Development? 22
 
Measuring Economic Development 22
 
Measuring Non-Economic Aspects of Development 23
 
The Sustainable Development Goals (SDGs) 24
 
Situating the SDGs in the International Legal Framework 28
 
Theories of Development: Towards a New Theory of Sustainable Development 29
 
Economic Theories of Development 30
 
Cultural Theories of Development 30
 
Geographic Theories of Development 31
 
Institutional Theories of Development 32
 
A New Theory of Sustainable Development 34
 
Measuring Progress Towards the SDGs 34
 
Conclusions 35
 
2 SDGs and the Role of International Financial Institutions 37
Suresh Nanwani
 
Introduction 37
 
Response and Implementation of the SDGs by IFIs 38
 
Project Processing and Actions Taken by IFIs to Implement the SDGs, and Responses from Other Development Actors 44
 
Conclusion and Recommendations for IFIs to Meet SDG Goals and Targets 48
 
3 Towards a New Global Narrative for the Sustainable Development Goals 53
Iason Gabriel and Varun Gauri
 
Introduction 53
 
How SMART Are the SDGs? 55
 
Goals That Stretch 59
 
Goals That Inspire 62
 
Sloganising the SDGs 64
 
Towards a New Global Narrative? 66
 
Conclusion 69
 
4 Overcoming Scarcity: The Paradox of Abundance: Harnessing Digitalisation in Financing Sustainable Development 71
Simon Zadek
 
Scarcity: The Paradox of Abundance 71
 
Financing: A Systemic Challenge 72
 
Action on System Design 74
 
Digital Financing of the SDGs 76
 
Dilemmas: Digitalisation and Dark Financing 80
 
Sizing the Prize 82
 
What Next? 84
 
Concluding Comments 85
 
Part II Where Will the Money Come From? Financing the SDGs 87
 
5 The New Framework for Financing the 2030 Agenda for Sustainable Development and the SDGs 89
Alma Pekmezovic
 
Introduction 89
 
Sources of Development Finance 90
 
Domestic Public and Private Sources 90
 
Domestic Resource Mobilisation (DRM) 90
 
International Public and Private Finance 93
 
The Role of International Official Development Assistance (ODA) 94
 
Private Philanthropy 95
 
Sovereign Wealth Funds, Pension Funds, Insurance Companies, and Investment Funds 96
 
Barriers to Greater Private Investment 97
 
The Role of Private and Blended Finance in Development 98
 
The Development Impact and Risks of Blended Finance 100
 
An Overview of Blended Finance Mechanisms 101
 
Innovative Financing Tools: Social Impact Bonds (SIBs) and Development Impact Bonds (DIBs) 102
 
Best Practices for Engaging the Private Sector 105
 
Conclusions 105
 
6 The Contribution of the International Private Sector to a More Sustainable Future 107
Martin Blessing and Tom Naratil
 
Ready and Able to Invest 108
 
Commercial and Investment Benefits 109
 
What i

About the author

JULIA WALKER is a senior global business executive with 20 years experience in the private sector principally in finance, technology, and risk management. She currently runs market growth and strategy in Asia for one of the world's largest providers of financial markets data, Infrastructure, and Risk Intelligence and is a member of the United Nations Secretary General's Task Force of Digital Financing of the Sustainable Development Goals. DR ALMA PEKMEZOVIC is a consultant to the Asian Development Bank, Sydney, Australia. Her key areas of expertise include capital markets law, corporate law and governance, and commercial law reform. During 2006 to 2015, Dr. Pekmezovic taught corporate and commercial law at La Trobe University School of Law, Melbourne, Australia. She was formerly a Lecturer in Law at Bucerius Law School in Hamburg (2015?2018) and a Visiting Research Fellow at the Max Planck Institute for Comparative and International Private Law in Hamburg, Germany. DR GORDON WALKER SJD (Duke) is an Emeritus Professor of La Trobe University; Adjunct Professor at Curtin University School of Law; Visiting Professor, University of Padua Law School, Italy; and an advisor to the Asian Development Bank (ADB) designated as International Business Law Expert and International Financial Sector Expert. His research contracts at the ADB principally involve law reform in the areas of securities regulation, company, secured transactions and FinTech within the Private Sector Development Initiative (PSDI-III) in the South Pacific.

Summary

Achieving the Sustainable Development Goals through Finance, Technology and Law Reform

Achieving the SDGs requires a fundamental rethink from businesses and governments across the globe. To make the ambitious goals a reality, trillions of dollars need to be harnessed to mobilise finance and accelerate progress towards the SDGs.

Bringing together leaders from the World Bank, the financial and business sectors, the startup community and academia, this important, topically relevant volume explains what the SDGs are, how they came about and how they can be accelerated. Real-world case studies and authoritative insights address how to direct investment of existing financial resources and re-align the global financial system to reflect the SDGs.

In depth chapters discuss how financial institutions, such as UBS Wealth Management, Manulife Asset Management and Moody's Rating Agency are supporting the SDGs. The opportunities arising from Blockchain, Big Data, Digital Identity and cutting-edge FinTech and RegTech applications are explored, whilst the relevance of sustainable and transparent global supply chains is underscored. Significant attention is paid to law reform which can accelerate progress of the SDGs through SME Financing, Crowdfunding, Peer-to-Peer Lending and tax restructuring.

To achieve the 'World We Want', much needs to be done. The recommendations contained within this book are critical for supporting a fundamental shift in thinking from business and governments around the world, and for building a more just and prosperous future for all.

Product details

• Authors: Alm Pekmezovic, Alma Pekmezovic, Pekmezovic Alma, WALKER, Gordon Walker, J Walker, Juli Walker, Julia Walker, Julia I. Walker, Julia I. Pekmezovic Walker, Julia Pekmezovic Walker, Walker Julia
• Publisher: Wiley, John and Sons Ltd
• Languages: English
• Product format: Hardback
• Released: 30.06.2019
• EAN: 9781119541813
• ISBN: 978-1-119-54181-3
• No. of pages: 432
• Subjects: Social sciences, law, business > Business > International economy; Finanzwesen, BUSINESS & ECONOMICS / Finance / General, International Economics, Allg. Finanz- u. Anlagewesen, Finance & Investments, Finanz- u. Anlagewesen, Finance and the finance industry