Development and Social Goals: Balancing Aid and Development to Prevent ‘Welfare Colonialism’
AbstractThe current development policy focus on poverty reduction is erroneous. Historically, successful development policy—from the late fifteenth century until the beginning of the twenty-first—has achieved structural change away from dependence on raw materials and agriculture, adding specialized manufacturing and services subject to increasing returns with a complex division of labour. In contrast, the Millennium Development Goals are heavily biased in favour of palliative economics: alleviating the symptoms of poverty, rather than attacking its real causes. This creates a system of ‘welfare colonialism’ increasing the dependence of poor countries, thereby hindering, rather than promoting, long-term structural change.
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Bibliographic InfoPaper provided by United Nations, Department of Economics and Social Affairs in its series Working Papers with number 14.
Length: 26 pages
Date of creation: Jan 2006
Date of revision:
Millennium Development Goals; economic development; palliative economics; welfare colonialism;
Other versions of this item:
- Erik S. Reinert, 2006. "Development and Social Goals: Balancing Aid and Development to Prevent ‘Welfare Colonialism’," The Other Canon Foundation and Tallinn University of Technology Working Papers in Technology Governance and Economic Dynamics 03, TUT Ragnar Nurkse School of Innovation and Governance.
- F02 - International Economics - - General - - - International Economic Order; Noneconomic International Organizations;; Economic Integration and Globalization: General
- F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
- O10 - Economic Development, Technological Change, and Growth - - Economic Development - - - General
- O19 - Economic Development, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
This paper has been announced in the following NEP Reports:
- NEP-AGR-2006-12-16 (Agricultural Economics)
- NEP-ALL-2006-12-16 (All new papers)
- NEP-DEV-2006-12-16 (Development)
- NEP-PKE-2006-12-16 (Post Keynesian Economics)
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- Lance Taylor, 2009. "Growth, Development Policy,Job Creation and Poverty Reduction," Working Papers 90, United Nations, Department of Economics and Social Affairs.
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