A thriving private sector, fueled by robust trade and investment, is crucial for ending extreme poverty and fostering shared prosperity. Trade, particularly through participation in global value chains (GVCs), drives economic growth, job creation, and faster productivity growth. GVCs allow developing countries to specialize and access new markets, technologies, and investment. By fostering a competitive environment conducive to private sector-led growth and investment, nations can unlock their economic potential, reduce poverty, and promote a more equitable distribution of wealth, creating opportunities across society.
