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

Lapinskaitė Indrė () and Vidžiūnaitė Silvija ()
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Lapinskaitė Indrė: Vilnius Gediminas Technical University, Faculty of Business Management
Vidžiūnaitė Silvija: Vilnius Gediminas Technical University, Faculty of Business Management

Economics and Culture, 2020, vol. 17, issue 1, 116-125

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.

Keywords: Sustainable Development; Economic Development; Economy; G20; Sustainable Development Goals (search for similar items in EconPapers)
JEL-codes: E0 O10 O11 Q56 (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:ecocul:v:17:y:2020:i:1:p:116-125:n:11

DOI: 10.2478/jec-2020-0011

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