Many low-income countries (LICs) continue to slip further behind the rest of the world. Meanwhile,…
“Reclaiming Policy Space for Equitable Economic Development” Kari Polanyi Levitt
This paper argues that a revaluation of the three themes of development economics in terms of the relationships between the market and the state, trade and development, and growth and equity, points to a reversal of priorities prevailing in the past 20 years under the Washington Consensus. But the recent emphasis on economic growth must be replaced with an emphasis on the quality of life of the people.
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