What is the role of the United Nations Conference on Trade and Development (UNCTAD) in supporting developing countries' participation in the global economy?

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What is the role of the United Nations Conference on Trade and Development (UNCTAD) in supporting developing countries' participation in the global economy?

The United Nations Conference on Trade and Development (UNCTAD) plays a crucial role in supporting developing countries' participation in the global economy. It aims to promote sustainable development, particularly in the areas of trade, investment, finance, and technology. UNCTAD provides policy advice, technical assistance, and capacity-building programs to help developing countries integrate into the global economy and overcome various challenges they may face. It also conducts research and analysis on global economic issues, advocates for the interests of developing countries in international forums, and facilitates South-South cooperation. Overall, UNCTAD works towards creating a fair and inclusive global economic system that benefits all nations, especially those in the developing world.