Development 56.2 The Future of the Economy is out now!

There is widespread recognition that neither the current economic system nor the existing mainstream economic framework is capable of addressing the simultaneous need for poverty eradication, welfare enhancement, environmental conservation, avoidance of foreseeable disasters, and providing an equitable and credible basis for social peace and global solidarity.

Whether one views a ‘crisis’ as a symptom of underlying psychological trauma, or a reflection of cognitive dissonance, or a justification of political unappetizing recipes, it is fair to say that the global economic system as well as its foremost champion, the discipline of mainstream economics, are in a state of crisis (Tariq Banuri, 145-148).

What role will rising inequality, recurrent crises, and social frustrations play in the future of the economy?  

SID journal Development Issue 56.2 'The Future of the Economy' seeks to take a closer look at the crisis in economics and the future of the economy. It builds upon the previous issue (Volume 56, Issue 1), which looked at the future of development in the light of the persistent environmental and economic crisis, the slow pace of global policy development, and the weakening of the developmental state.

If conventional economic thinking is not capable of providing answers to the urgent problems of the day, is there an alternative framework that can help reshape economic thinking as well enable us to respond effectively?

Articles in the ‘Thematic section' look at strategic entry points for the crafting of a new paradigm, namely, energy equity, social justice, political mobilization, and international trade policy. In the 'Dialogue section' experts on human-centred development present ideas for alternative paradigms which build upon equality, technology and innovation, political participation and spirituality.

Table of Contents | Editorial by Tariq Banuri

Development is the flagship journal of the Society for International Development (SID), one of the oldest journals on pro-poor sustainable development, published continuously for 55 years. Juxtaposing conceptual analyses with dialogues over alternatives, policy perspectives with local voices, and top down development plans with community based strategies for livelihoods, gender and social justice, Development keeps readers up to date on the challenging issues of today’s rapidly changing world. It enjoys a broad readership within the development community and is published by Palgrave Macmillan on behalf of the Society.

SID - Society for International Development is a global network of individuals and institutions committed to the promotion of participative, pluralistic and sustainable development. Since its inception in 1957, SID has sought to facilitate dialogue between different development actors and bridge the gap between development theory and practice.