A/RES/72/227 Role of the United Nations in promoting development in the context of globalization and interdependence unemployment and unsustainable debt in several countries, as well as widespread fiscal strains, reinforce the banking sector, including by increasing its transparency and accountability, address systemic fragilities and imbalances, reform and strengthen the international financial system and continue and enhance the coordination of financial and economic policies at the international level; 5. Encourages Member States to advance economic reforms proactively, as appropriate, innovate the growth model and focus on the inclusiveness of development and, in the meantime, strengthen international cooperation and avoid inward-looking policies and protectionism, so as to promote an open world economy and generate greater positive effects of globalization; 6. Recognizes the critical role of trade and development and interrelated issues in the areas of finance, technology and investment for inclusive and sustainable development and the need to provide integrated policy responses to issues arising in these areas, including to address inequalities within and among countries, and also recognizes the importance of international cooperation, finance, technology and capacity-building to supporting national efforts, in line with national priorities and respecting each country’s policy space while remaining consistent with international rules and commitments; 7. Also recognizes the need for the multilateral trade, economic and financial architecture to incorporate and promote sustainable development and ensure greater coherence and coordination to promote an enabling international environment that facilitates the work of Member States in addressing, inter alia, poverty, inequalities and environmental challenges; 8. Underlines that the achievement of the Sustainable Development Goals and the 2030 Agenda for Sustainable Development will depend on an enabling international environment for development and on facilitating the necessary means of implementation, particularly in the areas of finance, international trade, technology and capacity-building for developing countries, and in this regard calls for a sincere and effective follow-up on the global commitments of all actors; 9. Recognizes that the scaling up of successful policies and approaches in the implementation and achievement of the Sustainable Development Goals needs to be complemented by an enhanced and revitalized global partnership and that this partnership should work in the spirit of global solidarity to support a truly universal and transformative global development agenda; 10. Reiterates that the creation, development and diffusion of new innovations and technologies and associated know-how, including the transfer of technology on mutually agreed terms, are powerful drivers of economic growth and sustainable development; 11. Acknowledges the impact of new technologies on labour markets, decent work and the jobs of the future, and in this regard notes the establishment by the International Labour Organization of the Global Commission on the Future of Work; 12. Reaffirms the need to promote the development, transfer, dissemination and diffusion of environmentally sound technologies to developing countries on favourable terms, including on concessional and preferential terms, as mutually agreed; 13. Underlines the significant potential of regional economic integration and interconnectivity to promote inclusive gro wth and sustainable development, and reiterates its commitment to strengthening regional cooperation and regional trade agreements; 4/5 17-23302