7.2. Development Strategies: Alternative Approaches

1. 7.2. Development Strategies: Alternative Approaches • Learning Objectives: • Critically evaluate the liberal development model • Examine the role of foreign aid in development • Examine and assess alternative development strategies

2. 7.2. Development Strategies: Alternative Approaches • Liberal development model (review) • Integration into the global market (trade, investment capital) • Domestic reform (market principles, democracy, institutions, civil society, law) • Eliminate corruption, authoritarian rule, autarkic policies, reduce military spending

3. Criticisms of the Liberal Model: the Intra-Liberal Debate Study Tip: In your view, how much of the development debate is a intra-liberal discussion? Is this a bad thing? Do liberal voices critical of the development strategy followed today have the correct answers to the problems facing developing countries?

4. Restructuring and Reform

5. Foreign Aid

6. Criticisms of Foreign Aid

7. 7.2. Alternative Approaches • A New Global Trading System • Non-Aligned Movement (NAM) in 1961 • UN Conference on Trade and Development (UNCTAD) and Group of 77 (G-77) in 1964 • New International Economic Order (NIEO) in 1974 • Generalized System of Preferences • WTO reform today

8. 7.2. Alternative Approaches • Community Development

9. 7.2. Alternative Approaches • State intervention/Nationalization

10. 7.2. Alternative Approaches • Self-Sufficiency/Autarky

11. Summary • At the end of this class, you should be familiar with the central criticisms of the liberal development strategy. • You should also be familiar with the role, scale and scope of foreign aid in the context of development. • You should be able to describe alternative development strategies and be able to evaluate them next to the liberal model.