Economic development, growth and employment

Student in a metalwork class in Ethiopia funded by the humanitarian organisation Menschen für Menschen'. Copyright:

Sustainable economic growth – a challenge for us all

There can be no sus­tain­able de­vel­op­ment without economic de­vel­op­ment. A sufficiently robust rate of economic growth is the absolute precondition for reducing pov­er­ty and attaining prosperity. But economic growth must benefit all sections of society, i.e. it must be inclusive and ecologically sus­tain­able. Provided this is the case, economic development can have an impact that goes well beyond the confines of economic growth per se, and can help achieve many development goals. more

Economic policy – creating an enabling environment for development

The economic systems in many de­vel­op­ing coun­tries are far from being fully functional: there is a lack of competition, and access to resources is inequitable as is the distribution of wealth and income, all of which hamper growth and de­vel­op­ment. The precondition for inclusive economic growth and for boosting public income in these coun­tries is the introduction of an enabling en­vi­ron­ment for private-sector activities. The prospects of success and the efficiency of economic policy depend essentially on the quality of state structures and institutions. more

Private sector promotion

Private businesses provide jobs and generate income. The taxes they pay lay the foundations for ensuring a viable public sector. Private sector promotion offers vitally important leverage for structural poverty reduction, employment promotion and the mobilisation of indigenous resources. more

Financial systems development

German development cooperation fosters responsible and effective financial systems for individuals, businesses and the state. The German approach is holistic in nature and aims to develop the financial system as a whole. more

Vocational education and training

Education and the lifelong de­vel­op­ment of professional and social abilities and skills have become key factors in ensuring competitiveness in our global economy. The co­op­er­a­tion coun­tries of German de­vel­op­ment co­op­er­a­tion urgently need qualified workers if they are to hold their own against worldwide competitors in the long term. more

Combating unemployment and underemployment

Unemployment and underemployment are two of the main causes of pov­er­ty among broad sections of the popu­la­tion of de­vel­op­ing coun­tries and transition states. According to the figures of the In­ter­na­tional Labour Organization (ILO) more than 200 million people around the world are unemployed. Women and young people are disproportionately frequently hit by unemployment, underemployment and poor working conditions (the "working poor" as they are termed) – and all too often there is no social safety net in place. more

Information and communication technologies (ICT)

Information is a powerful instrument in economic and social de­vel­op­ment. Information and communication technologies (ICT) influence the way people live, learn and work. They invigorate exchange and dialogue between governments and civil society. more

Sustainable tourism – an opportunity for developing countries

The tourism sector is not only one of the fastest-growing but also one of the most significant industries of our time. In 2015, tourism accounted for almost ten per cent of global GDP (gross domestic product). Nearly one in ten jobs worldwide is directly related to tourism.  More and more developing countries, too, are making use of their tourism potential. For one third of all developing countries, the tourism industry is already the most important source of foreign exchange earnings. In half of all least developed countries (LDCs), the tourism sector accounts for more than 40 per cent of GDP. more

Further information

The following list contains a selection of links to documents and websites with further information on sustainable economic development. more

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