How the private sector can advance development

Unlike the MDGs, achieving this new set of ambitious goals calls for bolder action from diverse actors across society, whose collective efforts outweigh what they could deliver individually. And the private sector is not least among these actors. Why? Business-led initiatives, such as research and development partnerships, knowledge-sharing platforms, technology and skills transfer, and infrastructure investment have the potential to kick-start development, enable productivity gains, generate better quality jobs, strengthen skills and promote technological advances.

Still, the private sector is often an agent of change and a potential partner for implementing the SDGs. While doing no harm and minimising risk of adverse impacts remain priorities, business strategies can align around the SDGs and galvanise action for development. Evidence from Asia, Latin America and Africa shows how private sector contributions not only stimulate economic growth but also can help implement the SDG agenda.

https://oecd-development-matters.org/2015/10/06/how-the-private-sector-can-advance-development/