{"title":"Transforming economies, fostering sustainable development","authors":"","doi":"10.18356/06fb7547-en","DOIUrl":"https://doi.org/10.18356/06fb7547-en","url":null,"abstract":"Achieving the Sustainable Development Goals requires building productive capacity and transforming economies by shifting resources to more productive and sustainable sectors and enhancing their competitiveness. Investment, trade and technology are important channels for achieving economic diversification and structural transformation. Trade and trade-related investment, combined with technology upgrading, could enable countries to improve productivity, develop productive capacities and climb regional and global value chains. UNCTAD technical cooperation helps developing countries attract foreign direct investment (FDI) towards sectors that could lead to structural transformation and better integration into regional and global value chains, and foster the nexus between trade, productive capacity and employment, while integrating sustainable development objectives at all levels. It also supports countries in formulating services-driven development strategies, developing national green sectors and electronic commerce (e-commerce) and leveraging science, technology and innovation for productive capacity-building. TRANSFORMING ECONOMIES, FOSTERING SUSTAINABLE DEVELOPMENT","PeriodicalId":339103,"journal":{"name":"UNCTAD Toolbox: Delivering Results","volume":"47 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-04-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126959318","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Fostering economic efficiency, improving governance","authors":"","doi":"10.18356/950a855a-en","DOIUrl":"https://doi.org/10.18356/950a855a-en","url":null,"abstract":"Efficient markets and effective and development-focused States are indispensable for the successful implementation of the 2030 Agenda for Sustainable Development. Markets play an important role in the allocation of resources. However, without proper regulatory mechanisms, there are risks of market failures, including abuses of monopoly power, negative externalities and inequality. The role of States is to correct market failures, create an enabling legal, regulatory and institutional framework and provide the right incentives for market players to contribute more effectively towards sustainable development. UNCTAD technical cooperation supports developing countries in fostering economic efficiency and improving governance. In particular, it helps establish pro-competitive regulations, promote responsible business practices, reduce administrative burdens and strengthen statistical capacity to formulate sound economic policies. FOSTERING ECONOMIC EFFICIENCY, IMPROVING GOVERNANCE","PeriodicalId":339103,"journal":{"name":"UNCTAD Toolbox: Delivering Results","volume":"18 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-04-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123488162","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}