Reimagining Development
With the global economy teetering on the edge of a financial crisis, it is time for emerging-market and developing economies to revise their development strategies. By adopting a bottom-up approach that empowers communities, policymakers could define and achieve realistic socioeconomic and environmental goals.
https://prosyn.org/v21qSw1
HONG KONG – The world is in the midst of a global permacrisis. As interrelated shocks – the war in Ukraine, the fallout of the COVID-19 pandemic, the escalating US-China rivalry, climate change, and a looming financial meltdown – threaten to engulf the world’s great powers, it is time for emerging-market and developing economies (EMDEs) to revisit and revise their development strategies.