Globalizing development strategies

There is a growing awareness that recent development strategies promoted mainly by the multilateral financial institutions have limitations for the development process and should, along with certain domestic policies, adapt to evolving global conditions. In order to help developing countries to prevent and overcome any negative effect of economic and financial globalization, to reap its benefits and to respond to its challenges and opportunities, there is a need for the international community to reconsider and elaborate development strategies and policies, taking into account development's social, human and environmental dimensions.

The efficient functioning of a non-discriminatory and competitive market would represent an important contribution to development. In order that globalization can contribute to sustained economic growth and sustainable development, intensified international cooperation as well as countries' own national and regional efforts will be essential to address the domestic and external factors of underdevelopment effectively. Taking account of their specific circumstances, liberalization can improve the international competitiveness of developing countries and promote growth.

Type Classification:
E: Emanations of other strategies
Related UN Sustainable Development Goals:
GOAL 1: No PovertyGOAL 2: Zero HungerGOAL 3: Good Health and Well-beingGOAL 4: Quality EducationGOAL 5: Gender EqualityGOAL 6: Clean Water and SanitationGOAL 7: Affordable and Clean EnergyGOAL 8: Decent Work and Economic GrowthGOAL 9: Industry, Innovation and InfrastructureGOAL 10: Reduced InequalityGOAL 11: Sustainable Cities and CommunitiesGOAL 12: Responsible Consumption and ProductionGOAL 13: Climate ActionGOAL 14: Life Below WaterGOAL 15: Life on LandGOAL 16: Peace and Justice Strong InstitutionsGOAL 17: Partnerships to achieve the Goal