Author
Noor ALAM*
Abstract
This study looks at the performance of nations in the Sub-Saharan African (SSA), Latin American and Caribbean (LAC), and Euro Area (EA) about the Millennium Development Goals (MDGs) 2015 and Sustainable Development Goals (SDGs) 2030 for the period from 2001 to 2022. It adopts a descriptive approach by using secondary data from World Bank Development Indicators through panel statistics of socioeconomic indicators. The SSA, LAC, and EA are selected for this study due to their varied experience in implementing the MDGs 2015 and SDGs 2030. The comparative analysis of SSA, LAC, and EA aims to shed light on propensities and disparities in socioeconomic progress in these regions to understand the worldwide development goals better. The paper highlights significant imbalances in health spending, undernourishment, access to basic amenities, and government investment in education between SSA, LAC, and the EA. While LAC and EA have made extensive improvements in these areas, SSA faces challenges, such as lower health spending as a percentage of GDP, inadequate access to clean water and sanitation, and lower investment in education. These inequalities may dissuade SSA’s economic evolution and prolong poverty. To discourse these disparities, SSA needs to prioritise policy reforms and augment investment in health and education, drawing on the successes of LAC and EA. The paper recommends expanding future studies to include issues like employment rates, economic inequality, and environmental sustainability for a more comprehensive understanding of socioeconomic progress.
