Learning from the past: Which of the past/current development strategies are best suited to deal with the ‘quadruple crisis’?
AbstractDuring 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.
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Bibliographic InfoPaper provided by United Nations, Department of Economics and Social Affairs in its series Working Papers with number 116.
Length: 39 pages
Date of creation: Jun 2012
Date of revision:
development strategies; quadruple crisis; financial instability; income inequality; food insecurity; environmental degradation; public policies;
Find related papers by JEL classification:
- E16 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Social Accounting Matrix
- I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs
- O1 - Economic Development, Technological Change, and Growth - - Economic Development
- O16 - Economic Development, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
- P16 - Economic Systems - - Capitalist Systems - - - Political Economy of Capitalism
- Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-07-08 (All new papers)
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