Development and Social Goals: Balancing Aid and Development to Prevent ‘Welfare Colonialism’
Working Papers from United Nations, Department of Economics and Social Affairs
The 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.
Keywords: Millennium Development Goals; economic development; palliative economics; welfare colonialism (search for similar items in EconPapers)
JEL-codes: F02 F13 O10 O19 (search for similar items in EconPapers)
Pages: 26 pages
New Economics Papers: this item is included in nep-agr, nep-dev and nep-pke
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Working Paper: Development and Social Goals: Balancing Aid and Development to Prevent ‘Welfare Colonialism’ (2006)
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Persistent link: https://EconPapers.repec.org/RePEc:une:wpaper:14
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