Foreign policy is extremely important for the whole world to grow together. The developed nation should set examples to the developing nations. They should also provide helping hand and economic supports so that the whole world becomes developed.
The current scenario of the world consists of global inequalities with difference in category of people. Some are very well to do while others are still fighting for basic amenities. Foreign policies & global authorities such as United Nations, WHO, IMF ensures that these inequalities are taken care of. Those who are in urgent need of support are provided a helping hand.
The other side of the importance of foreign policy for growth takes care of sustainable growth. It also encapsulates the environmental protection. This means that growth should occur but also ensure that our nature is not damaged. It is also referred to as 'Green Growth'. Paris Agreement and several summits such as G7, G20, COPA ensures that these nations also make growth plans by keeping environment in mind. Reducing carbon dioxide emissions and greenhouse gases are also taken care off. Foreign policies are also pushing the countries to switch to EVs and battery technology which would reduce emission. Switching to renewable energy will also reduce the use of natural gases and fossil fuels.
All these global changes do not occur automatically. But with foreign policies pushing all the nations to join hand and work towards a common goal ensures sustainable growth which will be extremely beneficial for the whole world.
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