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Alternative Development Strategies for the Post-2015 Era

image of Alternative Development Strategies for the Post-2015 Era
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.

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Globalization at a crossroads: Key challenges for the twenty-first century

The global economic crisis of 2008-2009 exposed systemic failures in the workings of financial markets and major deficiencies at the core of economic policymaking. The rapid spread of the financial fallout in the United States throughout nearly the entire world, affecting jobs and livelihoods, underscored the interconnectedness of the global economy. The ongoing sovereign debt crises in Europe and the political wrangling over the public debt ceiling in the United States, similarly had ripple effects worldwide as visible in the turmoil in financial and currency markets during 2011 and 2012, severely complicating the economic recovery.

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