Challenges & Role of Institutions For Sustainable Development

SCSH 1201 (Sustainable Development : Issues, Principles, & Practices)

23/11/2022 & 7/12/2022 (week 7, 8)

Wednesday, 10a.m - 12a.m

Venue : Class online on Zoom

In weeks 7 and 8, what I got in this lesson is that there are challenges to implement sustainable development in terms of social, economic, and environmental. Besides, there also a role of Institutions which are understood as institutional mechanisms are defined as formal systems of rules and indicate what they should facilitate. Institutions in this sense are constitutional rules, organizational rules and standing orders of different governmental bodies, associations, unions, written agreements.

Sustainable development is a long-term solution to how we plan our indefinite progress in the future without causing damage to the environment so as to guarantee a safe habitat for the next generations, who will continue to develop their economies, societies, and care for the environment with a similar ideal in mind. It satisfies our needs without sabotaging the opportunities of others. The concept covers a broad scope of matters such as environmental, social, and economic development which continues to prove its importance in our lives as it affects all aspects of them. Sustainable development is the bridge between environmental, economic and social goals, between north and south, between Governments, civil society and business, between science and policy, and between policy and action.

On the other side, many argue that the sustainable development goals cover too broad an area of issues and should be more focused if they are to be achieved over the next twelve years. Nevertheless, a thorough understanding of this field and its challenges is quite necessary in our current environment and can help in living a more conscious and altruistic life.

The idea of sustainable development creates a confrontation between market objectives. typically short term, and the requirements of sustainable development, as a rule long-term. From this perspective it seems to be necessary to indicate which institutions are needed to support sustainable development in the long term and which institutional reforms can accelerate the implementation of sustainable development. The institutions are rules of a game that regularize behaviour and social relations and lead to uncertainty reduction and to improve the coordination of efforts and economic relations.

In conclusion, such institutions "offer constitutive and regulative rules that contribute to the very constitution of actors, prescribe institutional roles, open or close access to political decisions, constrain activities and shape expectations".