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
The 2024 Financing for Sustainable Development Report: Financing for Development at a Crossroads finds that the world is…
Every year the Economic and Financial Committee (Second Committee) of the General Assembly deals with issues relating to economic growth and development such as macroeconomic policy questions and financing for development…
The global economy is facing multiple shocks that are reversing progress on the Sustainable Development Goals (SDGs). The pandemic, the fallout from the war in Ukraine, rising food and energy prices, and much tighter financial conditions leave many developing countries faced with impossible…