Economics at your fingertips  

Global Interdependence, Privatisation of Risk and Human Development

Ismail Sirageldin
Additional contact information
Ismail Sirageldin: The Johns Hopkins University, USA.

The Pakistan Development Review, 2000, vol. 39, issue 4, 313-336

Abstract: The paper focuses on how patterns and modes of global interdependence combined with the privatisation of risk, influence human development. International finance plays an important developmental role. However, the privatisation of risk, a result of increasingly unregulated and liberalised financial markets, tend to create speculative activities with major negative systemic effects that hinder positive human development, especially in the developing countries. However, sustainable human development requires more than financial stability. Internally oriented socioeconomic and political reforms (IOSR) are essential for the developing countries, especially in the present phase of their demographic transition. Such reforms could provide both resilience and adaptive capacity for societies to cope in an environment of increased interdependence, the article concludes.

Date: 2000
References: View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link) (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

More articles in The Pakistan Development Review from Pakistan Institute of Development Economics Contact information at EDIRC.
Series data maintained by Khurram Iqbal ().

Page updated 2017-09-29
Handle: RePEc:pid:journl:v:39:y:2000:i:4:p:313-336