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The global economic crisis of 2008-2009 exposed systemic failings at the core of economic policy making worldwide. The crisis came on top of several other crises, including skyrocketing and highly volatile world food and energy prices and climate change. This book argues that new policy approaches are needed to address such devastating global development challenges and to avoid the potentially catastrophic consequences to livelihoods worldwide that would result from present approaches.
The contributors to the book are independent development experts, brought together by the UN to identify a development strategy capable of promoting a broad-based economic recovery and at the same time guaranteeing social equity and environmental sustainability both within countries and internationally. This new development approach seeks to promote the reforms needed to improve global governance, providing a more equitable distribution of global public goods. The contributors offer a critical evaluation of past development experiences and report on their creative search for new and well-thought out answers for the future. They suggest that economic progress, fairer societies and environmental sustainability can be compatible objectives, but only when pursued simultaneously by all.
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José Antonio Alonso is Professor of Applied Economics at the Complutense University, Spain. Previously, he was Director of Economic Cooperation at the Instituto de Cooperación Iberoamericana (ICI), Vice-Chancellor at the International University Menéndez Pelayo, Director of the Complutense Institute for Development Studies (ICEI) and Director of the Journal Principios. Estudios de Economía Política. He has been a member of the Committee for Development Policy since 2007.
Giovanni Andrea Cornia is Professor of Economics at Florence University, Italy. Prior to this position, he was the Director of the World Institute for Development Economics Research of the United Nations University (UNU-WIDER) and chief economist of United Nations Children’s Fund (UNICEF). He has further occupied various research positions in other agencies of the United Nations as well as in the private sector. He has been a member of the Committee for Development Policy since 2010.
Rob Vos is Coordinator of the Strategic Programme on Rural Poverty Reduction and Director of the Gender, Equity and Rural Employment Division at the Food and Agriculture Organization (FAO) of the United Nations. He is also a Professor of Finance and Development at the International Institute of Social Studies of Erasmus University in The Hague, the Netherlands. At the time of writing of this volume he was Director of the Development Policy and Analysis Division of the Department of Economic and Social Affairs of the United Nations. In that capacity, he was also responsible for the secretariat of the Committee for Development Policy.
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