Development Vol. 59.1/2 explores strategies and proposals on Financing for Development
SID's quarterly journal Development Vol. 59.1/2 explores visions, strategies and proposals on Financing for Development that challenge the notion that trillions of dollars are needed to pursue sustainable development. Real progress requires something that money cannot buy: political commitment and policy change.
SID's quarterly journal Development devotes a double issue to explore key challenges and possible ways forward to advance the Financing for Development (FfD) process. Leading experts and civil society activists working on debt, trade, aid, tax, finance, infrastructure and development, present their views and critiques about the dominant forces shaping the FfD agenda today. In a context of policy regression and resistance to change at global level, this journal issue aims to contribute visions and pathways for a progressive normative agenda for financing sustainable development that is coherent, transformational and human rights based.
The FfD follow up process provides a critical window of opportunity to advance the democratization of global economic governance and shift its centre of gravity closer to the United Nations. However, developing countries call for a global intergovernmental tax body or for an international debt workout mechanism are regularly rejected by developed countries who would rather continue to build and strengthen their own institutions or those they control. At the same time, resistance to address systemic issues and policy coherence limit the fiscal and policy space of developing countries to advance their development actions, despite the pressure to advance national implementation of the 2030 Agenda.
Journal authors expose to the prevarication of finance over the economy, the pervasive corporate bias and the widespread over-reliance on public-private partnerships as some of the disrupting trends contributing to the progressive commodification of rights, the blurring of lines between private and public, and the increasing abdication of states’ responsibilities. Beyond critique, they also point out to concrete possible ways forward to advance a progressive agenda.
Table of contents
Stefano Prato (Editor) Financing for Developement, The Progress Money Cannot Buy
Aldo Caliari (Guest Editor) The Monterrey Consensus, 14 Years Later
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Oscar Ugarteche Towards the Privatization of Global Governance
Marina Durano, Nicole Bidegain Ponte A Feminist Perspective on the Follow-Up Process for Financing for Development
Kwame Sundaram Jomo Global Financial Reform Needed, But Unlikely