1945

Conclusion: A rights-based macroeconomic policy for the ESCWA region

The oil boom offers an opportunity for ESCWA countries to shift their economic policies away from a conventional agenda and orientate them towards a new rights-based compact. Such a compact would offer these countries the opportunity to direct the resources made available through the oil price boom towards a sustainable alternative economic growth model that is simultaneously broad-based, democratic, employment-intensive and distributionally progressive. This concluding chapter examines five macroeconomic aspects of rights-based development strategies, namely: investment and growth; fiscal policy and public investment issues; monetary and financial policy; balance of payments policy; and regional integration. These are preceded by a review of rights-based policy issues in the context of a resource-fuelled boom.

Related Subject(s): Economic and Social Development
/content/books/9789210557924c007
dcterms_title,dcterms_subject,pub_keyword
-contentType:Journal -contentType:Contributor -contentType:Concept -contentType:Institution
10
5
This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error
aHR0cHM6Ly93d3cudW4taWxpYnJhcnkub3JnLw==