thecommonwealth-ilibrary.org/a-critical-ref… #globaldev
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Unfortunately, though, the theory has proven wrong. The support measures haven’t worked. Some LDC governments managed their economies quite well until...
The kind of theory that's underpinned international support can't be justified any longer. The data are stark and the evidence undisputable. LDCs are falling further behind;
A new approach is needed. My paper draws on existing sources to make practical proposals about how to start improving things. The paper argues for reform of the multilateral architecture,
- The UN system
- Finance and investment
- Trade
- Commodities and resource extraction
- Technology
- Climate breakdown and environment.
Pursuing material aggregate ends, though, is absolutely necessary for poverty reduction. GDP is a blunt, innacurate tool it's one of the only ones we have.