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UN Department of Economic and Social Affairs (DESA) Working Papers

The UN Department of Economic and Social Affairs (DESA) Working Papers aim to stimulate discussion and critical comment on the broad range of economic, social and environmental issues associated with the United Nations Development Agenda.

English

Learning from the Past

Which of the Past/Current Development Strategies are Best Suited to Deal with the ‘Quadruple Crisis’?

During the last decade, the world economy has experienced a worsening in financial stability, food prices, income inequality and environmental conditions. Seven development strategies are evaluated to determine which could help solve ‘quadruple crisis’. These strategies are assessed using a common methodology which first documents the economic, social, environmental and food security policies adopted, and then assesses their outcomes using 11 performance indicators. The strategies are then ranked on the basis of their overall success score. While all strategies produced some positive results, the East Asian Miracle and the new Latin American development approach generated the greatest number of favourable outcomes.

English

Keywords: food insecurity, quadruple crisis, environmental degradation, public policies, income inequality, financial instability, development strategies
JEL: O16: Economic Development, Innovation, Technological Change, and Growth / Economic Development / Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance; I38: Health, Education, and Welfare / Welfare, Well-Being, and Poverty / Welfare, Well-Being, and Poverty: Government Programs; Provision and Effects of Welfare Programs; Q5: Agricultural and Natural Resource Economics; Environmental and Ecological Economics / Environmental Economics; E16: Macroeconomics and Monetary Economics / General Aggregative Models / General Aggregative Models: Social Accounting Matrix; O1: Economic Development, Innovation, Technological Change, and Growth / Economic Development; P16: Economic Systems / Capitalist Systems / Capitalist Systems: Political Economy
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