Economic growth is one of the three pillars of sustainable development. But Sustainable Development Goal 8 does not refer to a people-blind increase in economic accounts that ignores the impact on the environment. It refers to sustained and inclusive growth that can provide economic opportunities for everyone and help more people to escape poverty. It refers to growth that delivers full and productive employment with safety, job security and equal conditions for women and men. It also refers to growth that protects the environment and ensures a sustainable exploitation of resources.
UNCTAD helps countries build productive capacity, assisting them to create decent jobs and foster sustainable growth. By ensuring that increased Measures aimed at assisting developing countries to increase exports of goods and services, to integrate into the multilateral trading system, and to benefit from liberalized trade and increased market access. It is considered as part of ODA. Effective Aid for Trade will enhance growth prospects and reduce poverty in developing countries, as well as complement multilateral trade reforms and distribute the global benefits more equitably across and within developing countries . It is measured as gross disbursements and commitments of total ODA from all donors for Aid for Trade . makes a lasting contribution towards decent work and economic growth, and by leading the UN Inter-Agency Cluster on Trade and Productive Capacity, UNCTAD helps to harness the trade-investment nexus to leverage technology, to expand entrepreneurship, creativity, innovation and sustainable tourism, and to expand access to financial services.
- Indicator 8.9.1: Tourism direct GDP as a proportion of total GDP and in growth rate
- Indictator 8.a.1: Aid for Trade commitments and disbursements
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