After 2015: International Development Policy at a Crossroads by Andy Sumner, Meera Tiwari (auth.)

By Andy Sumner, Meera Tiwari (auth.)

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Third, globalisation. All commentators say something about how globalisation (both private investment and trade and public investment in the form of aid) is not working but might somehow be made to work and thus matters. Again, what interventions are necessary is a contentious issue. We discuss these matters in Chapter 6. In the remainder of Part I of this book we discuss a brief history of development to the present day and the role of the MDGs in the development policy architecture (Chapter 2).

E. where developing countries want to be). Much discussion centred on the concept of a ‘post-WC’ driven by Stiglitz’s (1998a; 1998b) work. 3 Claims to a Contemporary Development Paradigm (2000–2005) Point of departure Form of travel Point of arrival The PostWashington Consensus (cf. Stiglitz) Low-income societies characterised by poor institutions and weak governance Quality institutions; regulatory structures; macro-economic stability; strong financial system; privatisation with competition; human capital formation; property rights; cautious integration; social safety nets; technology policy Economic growth and multidimensional poverty reduction, sustainability, equity and democracy The Millennium Meta-narrative or New York Consensus (cf.

World Bank, Washington, DC. Development Policy at a Crossroads 41 Redde, S. and Pogge, T. (2002) How Not to Count the Poor. Department of Economics Working Paper. New York: Colombia University. Rihani, S. (2005) Complexity Theory: A New Framework for Development is in the Offing. Progress in Development Studies, 5(1). Rodrik, D. (1997) Trade Policy and Performance in Sub-Saharan Africa, Mimeograph. Cambridge, MA: Harvard University. Rodrik, D. , in Fischer, S. ) Should the IMF Pursue Capital Account Convertibility?

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