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          Towards a new paradigm for development: Strategies, policies, and process (English)
          Presentation by Dr. Joseph E. Stiglitz, 2000, 30 pages
          Categories: Globalization and Development Strategies, Finance for Development

          What: This lecture sets out the foundations of an alternative paradigm to the well-documented failures of the Washington consensus, one which is based on a broad conception of development, offering a different perspective on the role of international assistance and the ways in which it should be delivered. It starts by describing this broader vision and then goes on to explain why not only the Washington consensus but also earlier development paradigms failed: they viewed development too narrowly. It identifies some of the key factors including recent events in East Asia and the Russian Federation that helped us to realize the inadequacies of the old approaches. It outlines the key principles and major components of a development strategy based on this broader vision of development. It concludes with some general observations, focusing on the importance of trade and the work of UNCTAD in furthering development based on this new paradigm. Who: For teachers and students of development strategies. How: Can be used as a background reading material on development approaches and issues.