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Assessment of the Sustainable Economic Development Goal 8: Decent Work and Economic Growth in G20 Countries

Author

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  • Lapinskaitė Indrė

    (Vilnius Gediminas Technical University, Faculty of Business Management)

  • Vidžiūnaitė Silvija

    (Vilnius Gediminas Technical University, Faculty of Business Management)

Abstract

Research purpose. The importance of sustainable development, the need to achieve sustainable economic development that does not harm the environment, conserve natural resources or exacerbate tensions in society has been increasingly discussed over the last decade. The purpose of the research is to evaluate the economic growth and decent work environment in G20 countries during 2013–2018 as G20 countries are the fastest growing countries in the world, and their economy describes the major part of the global economy.Design/Methodology/Approach. Qualitative data analysis based on the comparative analysis of scientific literature, content analysis, interpretation, comparison and grouping is used, in order to analyse the theoretical aspects of sustainable development and its goals, especially goal 8: decent work and economic growth. TOPSIS method helps to rank G20 countries according to the indicators of SDG 8.Findings. The results showed that Japan reached the best work environment and the most significant economic growth during 2013–2018. The United States is in second place and the third – the Republic of Korea. In the bottom three are Argentina, Brazil and South Africa.Originality/Value/Practical implications. Since it is challenging to identify the achievements of the economic and work environment development, as an essential part of sustainable development goals, the results could lead to future insights that will create value to policymakers, economists and other stakeholders.

Suggested Citation

  • Lapinskaitė Indrė & Vidžiūnaitė Silvija, 2020. "Assessment of the Sustainable Economic Development Goal 8: Decent Work and Economic Growth in G20 Countries," Economics and Culture, Sciendo, vol. 17(1), pages 116-125, June.
    • Handle: RePEc:vrs:ecocul:v:17:y:2020:i:1:p:116-125:n:11
    DOI: 10.2478/jec-2020-0011
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    More about this item

    Keywords

    Sustainable Development; Economic Development; Economy; G20; Sustainable Development Goals;
    All these keywords.

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • E0 - Macroeconomics and Monetary Economics - - General
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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