However, economic policy should be in line with the market mechanism and comply with the principle of subsidiarity. The principle of economic policy in line with the market mechanism and the principle of subsidiarity, borrowed from Catholic social teachings, are thus likewise to be seen as the founding principles of our economic order.
Undoubtedly, countries can take advantage of these developments to resolve inconsistencies and imbalance problems in their economic operations by making structural adjustments, while at the same time creating sound conditions for the developed countries to carry out their obligations in promoting global sustainable development. However, we cannot ignore the risks and challenges to sustained growth of the global economy.