International trade growth can be a foundation for economic growth and poverty reduction, but it must be inclusive and consistent with sustainable development. Integration of micro, small, and medium enterprises, the backbone of developing economies, into value chains is vital for achieving inclusive trade growth. Trade growth increases economic development but is also correlated with an increase in carbon emissions and can place pressure on the environment and natural resources. Policymakers need to take proactive actions to channel trade and investment into activities and sectors that can help mitigate the environmental and social impacts while capturing the economic benefits.
UN Photo
International trade growth can be a foundation for economic growth and poverty reduction, but it must be inclusive and consistent with sustainable development. Integration of micro, small, and medium enterprises, the backbone of developing economies, into value chains is vital for achieving inclusive trade growth. Trade growth increases economic development but is also correlated with an increase in carbon emissions and can place pressure on the environment and natural resources. Policymakers need to take proactive actions to channel trade and investment into activities and sectors that can help mitigate the environmental and social impacts while capturing the economic benefits.
UN Photo
International Trade as an Engine for Development
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