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The role of development banks : In promoting growth and sustainable development in the South

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  • The role of development banks
  • United Nations Conference on Trade and Development
  • United Nations Conference on Trade and Development


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Title The role of development banks
Similar Titles
Sub Title

In promoting growth and sustainable development in the South

Material Type Reports
Author(English)

United Nations Conference on Trade and Development

Publisher

[Geneva], [Switzerland] : United Nations Conference on Trade and Development

Date 2016-12
Pages 51
Subject Country Brazil(Americas)
China(Asia and Pacific)
India(Asia and Pacific)
South Korea(Asia and Pacific)
Language English
File Type Link
Subject Economy < Economic Administration
Economy < Economic System
Holding UNCTAD
License

Abstract

The world is entering the new post-2015 era of the Sustainable Development Goals. These include poverty eradication, education for all, inclusive economic growth, full employment, reduced inequality, climate change mitigation and sustainable use of the world’s ecosystems. Economic transformation is critical to make these socioeconomic and environmental goals achievable and sustainable. Africa’s recent development provides a good illustration of the nexus between transformative growth and social goals. The region grew rapidly in the 2000s, but this growth did not create jobs, and was based on the expansion of the services sector, to the detriment of manufacturing. Between the late 1980s and late 2000s, the region saw strong de-industrialization taking place. As a result of a lack of structural transformation and the creation of good quality jobs and sustainable incomes, Africa missed many Millennium Development Goals, some by a large margin (UNCTAD, 2013; UNCTAD, 2014).