ODI Logo ODI

Trending:

Trending

What we do

Search

Newsletter

Sign up to our newsletter.

Follow ODI

The impact of the global economic downturn on private sector led development

Business plays a crucial and fundamental role in development, as it drives the economic growth that is needed to alleviate poverty. The private sector creates jobs and wealth, and is responsible for most of the investment, innovation and technological progress that underpins economic growth. However the global economic downturn is having a major impact on private sector activity in developing countries, both through reduced volumes of trade and financial flows, and by changing the way that business engages in developing countries