Local view for "http://purl.org/linkedpolitics/eu/plenary/2016-04-14-Speech-4-437-437"
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"en.20160414.34.4-437-437"2
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"The private sector generates 90 % of jobs and income in developing countries and is the engine of wealth creation and economic growth in all market economies. According to the United Nations, the private sector accounts for 84% of GDP in developing countries and has the capacity to provide a sustainable base for domestic resource mobilisation, leading to less aid dependency, as long as it is properly regulated. Private sector investment in developing countries could contribute to achieving the UN Sustainable Development Goals if properly regulated. To this effect, the private sector should commit to ensuring good governance, poverty reduction and wealth creation through sustainable investment, as well as to reducing inequalities, promoting human rights and environmental standards and empowering local economies. The EU should promote the local private sector in developing countries, e.g. through access to finance and by promoting entrepreneurship. For these reason I voted for the resolution."@en1
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