Alternative Development Strategies for the Post-2015 Era

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The global economic crisis of 2008-2009 exposed systemic failings at the core of economic policymaking worldwide. The crisis came on top of several other crises, including skyrocketing and highly volatile world food and energy prices and climate change. This book argues that new policy approaches are needed to address such devastating global development challenges and to avoid the potentially catastrophic consequences to livelihoods worldwide that are likely to result from present approaches. The contributors to the book are independent development experts brought together to identify a development strategy capable of promoting a broad-based economic recovery and at the same time guaranteeing social equity and environmental sustainability both within countries and internationally. This new development approach seeks to promote the reforms needed to improve global governance, providing a more equitable distribution of global public goods.



The enabling international environment

The chapters in this book call for a new approach to development and to development policy. A paradigm of sustainable equitable development (SED) has been proposed with social inclusion and environmental sustainability as integral elements. Along with this is a policy approach that departs from neoliberal orthodoxy—allowing for an activist state and a nuanced approach to trade and financial liberalization, depending on the circumstances of each country. However, the success of alternative strategies is also conditioned by the international environment in which countries operate. Relationships in key areas like trade and finance can help or hinder the attainment of development objectives. Schematically, the role of an “enabling international environment” in supporting alternative development strategies is depicted in figure 12.1. Here, we have grouped its components into those relating to (i) global governance (ii) finance (including aid) (iii) trade, (iv) technology, (v) migration and (vi) the environment. Finance, migration and the environment are the subjects of other chapters; this chapter discusses global governance and international trade and technology rules.


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