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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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From aid to global development policy

Over the last decade, the international community has taken visible steps forward in reforming the international cooperation system. This includes a greater focus on aid ownership by recipient countries and renewed commitment to the coordination, harmonization and alignment of donor policies. The 2005 Paris Declaration, the subsequent Accra Agenda for Action in 2008 and the Busan Partnership for Effective Development Cooperation in 2011 are agreements that imply a certain rebalancing of the relationships between partners and donors. Nevertheless, recent external evaluations of this process show that the advances have been smaller than initially committed to by donors (OECD, 2011a).

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