Our world is facing a large number of problems such as poverty, hunger, gender discrimination, health-related issues, inequalities etc. Then, SDG (Sustainable Development Goals) was created by UN, which comprises 17 such type of problems, in order to achieve global sustainable development. Poverty is one of those problems consider in SDG goals. Poverty is the cause of many problems. Even though it has been decreasing from last 10 years, but still it is creating so many challenges and problems for the people all around the world. Poverty is the only cause behind several diseases such as TB, malaria, and malnutrition (Gwatkin, 2010). One of the major reasons behind poverty is a tremendous increase in population from last three decades.
The United Nations is continuously focusing on such a problem and their solutions through good governance. In this report, the role of good governance of UN has been discussed. In this report, it has been discussed that how UN fighting with the various problems of the world with the help of good governance or corporate governance and how PRME principles help in eradicating the poverty. ‘No poverty' is the first and most primary goal of UN, which creates many challenges. Thus, the main focus of this report is also on the eradication of poverty. In the end of this report, there are two recommendations added that suggest how can we eliminate poverty from our society by using PRME principles.
Poverty is the major problem all over the world. While global poverty level reduced more than half since 2000, more than 783 million people are living below the international poverty line. The income of these people is less than the US $1.90 per day (Griggs, 2014). Therefore, it is the first sustainable goal of the United Nations as it focuses on ‘No Poverty’. Most of the people living below poverty line belong to Asian and African countries, especially Sub-Sahara Africa and Southern Asia (Bazilian, Nakhooda, and VandeGraaf, 2014). High poverty rates are found in the least developing countries or those countries that are facing the economic crisis. Conflicted affected countries such as Syria, Iraq, and Pakistan are some examples of Asian countries, which are fighting with poverty because of the conflicting and combating situation in the country (Pearce, Barbier, and Markandya, 2013). Poverty is the main cause of several other big problems such as hunger, harmful disease, and crime etc. People who habituate to live in poor conditions and cannot available even the basic resources for the living are suffering from diseases such as TB, malaria, HIV/AIDS, Malnutrition etc. Thus, UN found that it is the first and primary cause of all the problems and then it has decided that the first goal of sustainable development should be the eradication of poverty means ‘No Poverty’.
Corporate Governance or sometimes called good governance is the main instrumental factor in poverty eradication. The corporate goal targeted both support and growth of society and the well-being of human beings. It focuses on enabling good political and legal environment in collaboration with capable governments of different countries to provide safety, security, and peace to all people. The United nations first launch Millennium Development Goals and measure its effectiveness and progress with the good governance (Shepherd, et.al, 2015). This is an essential need of UN and also the necessity of all the countries on the globe is to more focus on achieving sustainable goals with the help of good governance. The main agenda behind new sustainable development goals is the eradication of poverty from the world and promote prosperity by improving the well-being of people while protecting the environment by 2030. The development arm of UN, which is also called UNDP, has an important role in supporting countries to make this vision in reality (Adams and Petrella, 2010). The UNDP is responsible for putting societies on its sustainable development pathway, improving the prosperity of people and their wellbeing, and managing risk with enhancing resilience.
United Nations has a large network and it serves as the core strength of UNDP. More than 170 countries and territories are connected with UN. The UNDP program plays a principle coordination role in the UN development program and systems and working with its full potential to fight with poverty and inequality. The another initiative taken by UN in 2007 was PRME (Principle for Responsible Management Education) principles that focus on raining profile of sustainability in schools and colleges around the world. As a voluntary initiative, more than 650 signatories join the PRME principle program of UN (Collins, 2012). The PRME principles work on six principles Purpose, Values, Method, Research, Partnership, and Dialogue. PRME is governed, along with the UN global compact, and by some reputed business schools of the world, and some specialised regional associations such as AACSB, CEEMAN, and ABIS. Apart from this some other organisations such as World Bank, IMF, UNICEF, UNCTAD etc. are working in collaboration with UN against the poverty eradication.
The UN system Chief Executives Board for Collaboration (CEB) is the highest level of the UN system and it is headed by UN Secretary-General. The CEB comprises with 31 executive heads, which are the heads of various UN functions and program such as funds and program management, the specialized agencies, and other related organisations such as WTO, IAEA, and IMF etc. (Sumner and Tiwari, 2010). The UN-CEB carries outs its role through two high-level committees:
The CEB membership includes 15 specialized agencies, 3 related organisations, and 12 funds and program created by the UN General assembly. IOM is the newest member of CEB.
The stakeholder map analysis is helpful to find out the importance and behaviour of various stakeholders in a project. The Mitchell’s model, which is also called ‘Salience model’ and it is helpful in understanding the behaviour and the priority level of a particular stakeholder. The Salience model is working on three major aspects of a stakeholder that are Power, Legitimacy, and Urgency model. This model identifies eight stakeholder groups, which specifies the nature of stakeholders and their behaviour in a particular situation. There are many stakeholders involved in SDG programs of UN such as various Governments, major groups, intergovernmental organizations, and others stakeholders (Lu, et.al, 2015). These stakeholders help directly and indirectly both to achieve the first goal of the SDGs. Apart from these stakeholders, some other stakeholders of UN poverty programs are as follows:
Some other stakeholders such as migrants’ families, older age person, local communities etc. are also playing a significant role in poverty eradication. The role of these stakeholders is so important in any program of the United Nations, especially they decide the way of the success of various UN programs and its long-term goals (Mitchell, et.al, 2011). These groups and stakeholders show a high level of engagement with intergovernmental processes at United Nations.
Latent Stakeholders: Low salience, single attribute. UN may not control and cannot do anything about these stakeholders, and may not even recognise them as stakeholders.
Expectant Stakeholders: Two Attributes, moderate salience. They have active involvement in the goals achievement. UN can always expect something from them because they highly involved with in the project.
Definite Stakeholders: High salience and all the three attributes. The main focus of UN on these Stakeholders because of their high priority level.
Source: (Wagner, Alves, and Raposo, 2011)
The Principles for Responsible Management Education (PRME) is one of the major initiations of United Nations, which was formed by the UN in 2007 to provide knowledge and importance of sustainability in various Business Schools in all over the world (Barbier, 2014). The main objective of the PRME principles is to spread awareness among students via various top Business schools and prepare them to achieve the Sustainability goals set in SDGs. The PRME principles include six principles on which it works as follow:
The purpose of the PRME principles is that to develop capabilities of students to maintain sustainability in future and prepare the encourage them to work for society and sustainable global economy (Burchell, Kennedy, and Murray, 2015). These are the main purpose of PRME principle and if we consider it regarding eradication of poverty then it can help to understand the problems of people and motivate them why they should work for the poor people and how it can help to build a strong economy.
The various courses and programs are incorporated with the academic and curricular activities of the Business schools and prospectuses the values of global social responsibility as described in global initiatives such as the UN Global Compact (Kandachar, and Halme, 2017).
The third PRME principle focuses on providing proper way and methodologies to eradicate poverty from our societies. For this purpose, the PRME principle focuses on providing various materials, frameworks, process, and environments that help our future leaders to understand the issues and challenges related to poverty and how they can handle these challenges in future in order to achieve the sustainable development goals (Sachs, 2012).
This is the fourth principle of PRME that focuses on practical approach of the research that advances the knowledge and understanding of the students in order to understand the causes of poverty and its effect on the society at large. It also helps in to understand the role, impact, and dynamics of corporations in the creation of sustainable development and environmental and economic values.
The fifth principle of PRME focuses on interaction and partnership with different business corporations and their managers. This principle focuses on the collaborative effort to eradicate poverty from the society and jointly afford to meet these challenges, which arises due to poverty.
The six principle of PRIME focuses on debate, dialogue, and interactions among various students, school faculties, corporates, media, consumers, government, people, civil society, and other interest groups and stakeholders on those issues and problems, which arises because of poverty (Waddock, et.al, 2010). The other objective of this PRME principle is to focus on issues related to sustainability and global social responsibilities.
Poverty is one of the major problems of the world and it causes several other problems such as hunger and harmful diseases. The health of a human being directly influenced because of their poor conditions. To eradicate poverty from the world we need a strong planning and strategy. Awareness about the problem is one of the essential things before fighting with the problem. Thus, PRME principles of the UN focus on spreading awareness among people about the causes of poverty and its related issues. If people know the root of the problem they can easily solve the issue. Here are the two crucial recommendations, which have been discussed below that are helpful in removing poverty problem from the world.
Good governance is the key to sustainable development all over the world. Poverty is the Global challenge that is facing by a large number of Asian and African countries. One of the major reasons behind poverty is a rapid growth in the global population. If we want to remove poverty, we must focus on two things; firstly, we should control our population and second we should focus on sustainable development through good governance. Thus, it is essential for UN to focus on those 17 SDG’s goals for sustainable development, and for UN should implement all the principles of the PRME on both school and college level. PRME principle can help to create future leaders who may find out some unique and innovative way to fight with poverty and reduces its effect on our world.
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