China has become a key player in the African economic landscape. It has been a…
Development and Social Goals: Balancing aid and development to prevent ‘welfare colonialism’ Erik S. Reinert
The Millennium Goals are far too much biased towards palliative economics rather than structural change, towards treating the symptoms of poverty rather than its causes. An alternative perspective for cohesive development emerging from the historical and evolutionary approach recommends increasing diversification away from the diminishing returns sectors (traditional raw materials and agriculture) into an increasing returns sector (technology intensive manufacturing) and a creating a large division of labour and the synergies and social structures which emerge from this structure.
welfare_colonialism (Download the full text in PDF format)