The 2030 Agenda for Sustainable Development and Institutional Change

Abstract

From the perspective of an individual country, it is necessary to implement a series of policy measures and strategies to achieve long-term multiple goals and targets. As a result, whether adjustments or changes in institutions can be timely aligned from the short term to the long term becomes vital. Since “[p]romote sustained, inclusive, and sustainable economic growth” and “[e]nsure sustainable consumption and production patterns” have been clearly stated in the United Nations Sustainable Development Goals 8 and 12, respectively, it is necessary to make an institutional transition from the conventional linear economy to a circular and sustainable economy. This transition involves substantial changes in the value structure of society’s institutions. For instance, the mainstream curricula have little relevance to the subject matter of sustainability and should be revised to accommodate more socio-economic elements of sustainability in the original institutional economics (OIE) tradition.