Learning from the past: Which of the past/current development strategies are best suited to deal with the ‘quadruple crisis’?

Giovanni Cornia and Milica Uvalic

Working Papers from United Nations, Department of Economics and Social Affairs

Abstract: During 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.

Keywords: development strategies; quadruple crisis; financial instability; income inequality; food insecurity; environmental degradation; public policies (search for similar items in EconPapers)
JEL-codes: E16 I38 O1 O16 P16 Q5 (search for similar items in EconPapers)
Pages: 39 pages
Date: 2012-06
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:une:wpaper:116

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