4.7.3: Global Development
Advancing Global Development. Other Information:
President Obama recognizes that promoting global development is a strategic, economic, and moral imperative for the United
States. Development expands markets for American products and creates American jobs. Strong and prosperous regional partners
are critical to addressing global challenges, ending regional conflicts, and countering the spread of global criminal networks.
And good governance and stability cannot take root, and basic human dignity cannot be protected, where poverty reigns and
people lack access to the food, basic education, clean water, and medicine they need to survive. For these reasons, the President
this year announced a new strategy toward sub-Saharan Africa that commits to promoting economic growth, including through
increased trade and investment. They are also why we are providing robust trade and investment support to Africa and building
a trade and investment partnership with the countries of East Africa—because we believe that the private sector will be the
engine of prosperity in the developing world. The administration continues to work to promote opportunity and development
in sub-Saharan Africa by improving the region's trade competitiveness, encouraging economic diversification, and ensuring
that the benefits from growth are broad-based.
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