Answer to Question #163197 in Economics for Anon

Question

What does productivity and capitalism have to do with the increase of GDP per capita

Answer 1

Immediate and concrete policy action is required to reduce risks to the global economy and lay the foundation for stable and sustainable economic growth. The dynamism and inclusiveness of the global economy play a key role in meeting the ambitious goals of sustainable development for the period up to 2030. Policymakers must strive to keep short-term risks from financial distress and exacerbated trade disputes from escalating and to continue to achieve economic, social, and environmental goals as part of their long-term development strategy. Decisive political action builds on a multilateral, collaborative, and long-term approach to global policy in key areas such as climate change, sustainable finance, sustainable production and consumption, and bridging inequalities. This also requires further progress towards a more inclusive, flexible, and the responsive multilateral system.