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AuthorAgosin, Manuel R
TitleGlobalization, Liberalization and Sustainable Human Development: Analytical Perspectives
Imprint Geneva, United Nations. 2000
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Descript 20 p. : chart


Abstract: Sustainable human development (SHD) is the core objective of the process of economic growth and development. But it is also a powerful instrument for promoting economic growth, especially when investments in human development are made in the context of a liberal and open economic environment. The paper discusses the interrelationship between three complementary policy spheres: integration into the global economy and the liberalization of markets; the promotion of fast economic growth; and sustainable human development. The impact of each of these interlocking policy spheres on promoting development is considered, and a range of policy proposals is made in light of this analysis. The negative consequences of globalization and liberalization are also noted, and strategies to mitigate those impacts are located in social and economic policy. Evidence supporting the concept of virtuous spirals, in which a series of positive policy interventions in one sphere contribute to progress in another, is outlined and then contrasted with the inverse phenomenon, vicious spirals. The complexity of the overall policy environment confronting policymakers is also considered, and several weaknesses of so-called 'holistic' or comprehensive' development approaches are identified

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