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Cambridge Journal of Economics 26:393-407 (2002)
Copyright © 2002 Cambridge Political Economy Society

Commentary

Rethinking the development agenda

José Antonio Ocampo *

*Executive Secretary, Economic Commission for Latin America and the Caribbean (ECLAC).

Address for correspondence: José Antonio Ocampo, Av. Dag Hammarskojld s/n—Edificio Naciones Unidas, Santiago, Chile; email: jaocampo{at}eclac.cl

Abstract

This paper calls for a development agenda based on five major premises: (1) a more balanced form of globalisation based on a genuine respect for diversity; (2) a broad view of macroeconomic stability, which provides an adequate role for counter-cyclical policies; (3) the need to complement macroeconomic stability with active productive development policies; (4) strong social policies and the mainstreaming of social objectives into economic policies to guarantee adequate linkages between economic and social development; and (5) the recognition that development involves broader human development goals.

Key Words: Development policy • Globalisation • Washington Consensus


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