Economy and business
The increasing globalisation of economic processes and the liberalisation of trade create major challenges for partner countries of development cooperation, as well as opportunities for their development. Some countries and businesses have so far succeeded in adapting to the new conditions and global competition. Other countries are finding it difficult to do so. They risk being sidelined from the global positive growth process and, ultimately, being left behind.
To help enable everyone to participate fairly in the global growth process on a sustainable basis, German development policy promotes economic development based on social and ecological market economy principles.
Our fields of work on the economy and business
Sustainable economic development
Sustainable economic development unites social, ecological and economic development goals.
According to estimates of the International Labor Organization (ILO), globally around 168 million children aged fife to seventeen have to work.
Through their business activities enterprises can influence the living and working conditions of their employees, their customers, the environment and the economic framework.
Private sector companies play a huge role in the processes shaping globalisation. They are therefore important partners for the BMZ, particularly in reducing poverty.
With develoPPP.de the BMZ provides companies who invest in developing and emerging countries with financial and technical support.
Creating a sound framework for sustainable development
The BMZ supports Fair Trade and informs the general public about its importance in the fight against global poverty.
With its development policy the German government wants to contribute to a stable and socially responsible world economic order.
Financial systems development
German development cooperation supports sustainable and capable financial systems for individuals, corporations and the state.
Information and communication technologies
A good exchange of information improves the exchange between the general population, business, the government and civil society and can contribute decisively to development.
Secondment, placement and assignment of local and external experts
Unsustainable levels of debt are an obstacle to development because they reduce the scope for fighting poverty, for example through lack of funds for schools and hospitals.
Unemployment is one of the biggest challenges in the partner countries of German development cooperation. Young people are particularly affected.
Qualified skilled personnel for sustainable development
Tourism provides good opportunities to build up infrastructure, create employment, preserve natural wonders and reduce poverty.
Here you can find an overview of all the BMZ information on the topic of raw materials.
Improving environmental and social standards in the textile industry
Textile industry (web app)
Our web app is a special feature providing an overview of BMZ activities in the field of improving environmental and social standards in the global textile industry. - external link, new window
Economic development has to include the protection and sustainable use of the environment and of natural resources.