Inclusive growth for global markets discussed at Multinational Corporations Leaders Roundtable
The 6th Multinational Corporation Leaders Roundtable was held on 16 November. The event was supported by UNDP, with discussions focused on multinational investment, corporate social responsibility, and sustainable development. Representatives discussed how investment improves the quality and standard of economic development for developing countries and how ethical business strategies can help achieve the “win-win” mindset endorsed by the United Nations Global Compact.
Deputy Country Director Steven Sabey represented UNDP. He quoted a message from the Secretary-General Ban Ki-Moon, which stated that multinational companies can “use their global reach and investments to significantly contribute to meeting key development challenges” and “the UN priorities of peace, development, and human rights are inseparable from long-term business success.” In his well-received keynote speech, Mr. Sabey also commented on several successful collaborative projects between UNDP and the private sector. These successes have helped “grow inclusive markets,” including the culture-in-development project jointly carried out by Jala Group and UNDP China, which has helped strengthen the competitive advantage of ethnic minority products over mass-produced goods.