Development-led globalization: towards sustainable and inclusive development paths
The report, titled "Development-led Globalization: Towards Sustainable and Inclusive Development Paths," suggests that FDG has led to uneven, unstable and unfair outcomes. It outlines an agenda for DLG based on three pillars: enabling developing countries to mobilize domestic resources, strengthen productive capacities and share the gains in an equitable manner; creating more robust multilateral structures for collective responses to upcoming challenges, such as taming finance and promoting investment-led responses to climate change; and strengthening regional ties, including through South–South cooperation, to enhance stability and open new growth opportunities. The report outlines elements of a Global New Deal including: developing strategies to address debt; creating a new international architecture for aid that ensures inclusive development; turning trade and investment towards development; and developing principles for responsible agricultural investment.