Topic A: Late Capitalism and other Causes of the Upcoming Economic Recession.
The term "Late Capitalism" is often used in the context of contemporary frustration with the inequalities and absurdities of the current economy, marked by a decline in the middle class and an increase in corporate power. It is associated with economic, political, and social deprivations, particularly in the aftermath of World War I
Throughout history there have been several economic recession such as the 2008 one, and the latest pandemic-induced recession. These recessions have created meaningful impacts in society as homelessness and unemployment have increased, as well as escalating product shortages, and business diminution.
Economists have discussed predictions of an imminent recession, with a focus on factors such as the USA Federal Reserve's interest rate adjustments and concerns about inflation. To counter the effects of a sudden recession, economics have created the concept of a "soft landing" as a strategy to slow down economic growth without causing a recession, however its hardly applied as challenges associated include limited tools for central banks and potential risks in increasing borrowing costs.
On the global economic landscape, there have been unexpected declines in China's exports and a significant slowdown in its economy, contrasting with India's rapid GDP growth. The question is whether a recession is likely to happen in the upcoming year and which are the potential causes for such an economic downturn.
Topic B: Accomplishment of the 2030 Agenda: Analyzing Countries’ Actual Status and Pursuing the Achievements SDG’s.
The 2030 Agenda, consisting of 17 Sustainable Development Goals (SDGs) established by the United Nations in 2015, spans dimensions such as People, Planet, Prosperity, Peace, and Partnership, with annual reports and a quadrennial Global Sustainable Development Report assessing global advancements. Remarkably achievements in health, education, gender equality, and environmental conservation have been accomplished, but the overall trajectory demostrates that only 15% of SDG targets are on track for completion by 2030, and over a third face stagnation or regression. Persistent challenges include chronic hunger, displacement, limited access to social services, and human rights violations.
The accomplsihments od the SDGs directly impact the economy, specially goals related to Decent Work and Economic Growth, Industry, Innovation, and Infrastructure, Reduced Inequalities, Responsible Consumption and Production, and Partnership for the Goals. These goals aim to foster sustainable development by balancing economic growth with environmental preservation. However, nations must question the effectiveness of these SDGs over the past four years in achieving global sustainable development, and path the way for their accomplishment.