No country can develop sustainably unless its economy develops too. Broad-based economic growth is one of the most important prerequisites for poverty reduction. Economic growth creates job opportunities that help the poor safeguard their livelihoods through their own efforts. 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.
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