Key Approaches

Key Approaches

1. Neoliberalism

   • 80/90s
   • Free market solutions
     • Competition drives innovation
       • entrepreneur
     • economic growth
   • Limited state intervention
   • Residual poverty
     • wealth trickles down
   • unplanned development
   • William Easterly

2. Structuralism

   • Relational poverty
     • Left over from historical development
     • redistribution of wealth
   • planned development
   • state control
     • regulation
   • Marxist/leftist
   • Jeffrey Sachs

3. Interventionism

   • mid-way Neolib/Struct
   • market driven
     • overall state control
   • Blair/Clinton
   • Paul Collier

4. People Centred

   • 80s = counterpoint to the rise of neoliberalism
   • meeting peoples needs
     • low levels of poverty low levels of unemployment relative equality democratisation of political life true national independence good literacy and ed levels relative equal status of women sustainability
     • improving education & skills
     • improving health
     • accountable government
   • the big society
     • empowerment
     • participation
   • MDGs
     • "if humanity is lacking then the economy will be adversely affected"