Implementation of the outcome of the World Summit for Social Development and of the twenty-fourth special session of the General Assembly A/RES/71/162 45. Also acknowledges the vital role that the private sector can play in generating new investments, employment and financing for development and in advancing efforts towards full employment and decent work for all, and encourages the private sector, including small and medium-sized enterprises and cooperatives, to contribute to decent work for all and job creation for both women and men, and particularly for young people, including through partnerships with Governments, the United Nations system, civil society and academia; 46. Recognizes that steps should be taken to anticipate and offset the negative social and economic consequences of globalization, giving priority to agricultural and non-farm sectors, and to maximize its benefits for poor people living and working in rural areas, while paying special attention to the development of micro-, small and medium-sized enterprises, particularly in rural areas, as well as subsistence economies, to secure their safe interaction with larger economies; 47. Stresses that more concerted efforts are required to boost smallholder productivity in a sustainable manner, including scaling up public investments in agriculture, attracting responsible private investment in agriculture, improving the quality and quantity of rural extension services and ensuring that smallholder farmers, in particular women, have access to the necessary resources, assets and markets and to cross-cutting agricultural technologies; 48. Recognizes the need to pay necessary attention to the social development of people in urban areas, especially the urban poor; 49. Also recognizes the need to give priority to investing in and further contributing to sustainable development, including sustainable agricultural development, and a financial infrastructure that provides access to a variety of sustainable products and services for micro-, small and medium-sized enterprises and entrepreneurship cooperatives and other forms of social enterprises, and the participation and entrepreneurship of women as means to promote full and productive employment and decent work for all; 50. Reaffirms, in this context, that international cooperation has an essential role in assisting developing countries, including the least developed countries, in strengthening their human, institutional and technological capacity; 51. Underlines that South-South cooperation is an important element of international cooperation for development as a complement to, not a substitute for, North-South cooperation, recognizes its increased importance, different history and particularities, and stresses that it should be seen as an expression of solidarity among peoples and countries of the South, based on their shared experiences and objectives, and that it should continue to be guided by the principles of respect for national sovereignty, national ownership and independence, equality, non-conditionality, non-interference in domestic affairs and mutual benefit; 52. Stresses that the international community shall enhance its efforts to create an enabling environment for social development and poverty eradication through increasing market access for developing countries, technology transfer on mutually agreed terms, financial aid and a comprehensive solution to the external debt problem; 53. Also stresses that international trade and stable financial systems can be effective tools to create favourable conditions for the development of all countries and that trade barriers and some trading practices continue to have negative effects on employment growth, particularly in developing countries; 11/14