Jump to content

Barcelona Development Agenda: Difference between revisions

From Wikipedia, the free encyclopedia
Content deleted Content added
NicEMyer (talk | contribs)
redid participants list, added places of work for participants and links
NicEMyer (talk | contribs)
added links and references
Line 5: Line 5:


==Background==
==Background==
The [[Universal Forum of Cultures Barcelona 2004]] that met in Barcelona, Spain from May 9th to September 26th, 2004 to promote human rights, diversity, peace, and sustainable development. On the last two days of the Forum, September 24th and 25th, economists from organizations around the world met to discuss the impacts of economic policies, especially global policies, on developing countries.
The [[2004 Universal Forum of Cultures|Universal Forum of Cultures Barcelona 2004]] that met in Barcelona, Spain from May 9th to September 26th, 2004 to promote human rights, diversity, peace, and sustainable development. On the last two days of the Forum, September 24th and 25th, economists from organizations around the world met to discuss the impacts of economic policies, especially global policies, on developing countries.


The opening statement of the Barcelona Agenda is as follows:
The opening statement of the Barcelona Agenda is as follows:
"We, a group of economists from developing and developed countries, met in Barcelona on September 24 and 25, 2004 to consider the prospects for growth and development around the world. We discussed the effect of economic reforms adopted by many developing nations over the last two decades, the lessons for economic policymaking that emerge from this experience, and the performance of the international economic system into which poor and middle-income countries are increasingly integrated."{{citebook |title=The Washington Consensus Reconsidered: Towards a New Global Governance}}
"We, a group of economists from developing and developed countries, met in Barcelona on September 24 and 25, 2004 to consider the prospects for growth and development around the world. We discussed the effect of economic reforms adopted by many developing nations over the last two decades, the lessons for economic policymaking that emerge from this experience, and the performance of the international economic system into which poor and middle-income countries are increasingly integrated." <ref>{{citebook |title=The Washington Consensus Reconsidered: Towards a New Global Governance |authors=Serra, N and Stiglitz, JE}}</ref> <ref>{{cite web |http://www.bcn.es/forum2004/english/desenvolupament.htm |title=Forum 2004: The Legacy. The Barcelona Development Agenda |accessdate=2011-04-18}}</ref>


==Participants==
==Participants==
<ref>{{citebook |title=The Washington Consensus Reconsidered: Towards a New Global Governance |authors=Serra, N and Stiglitz, JE }}</ref>
*Alice Amsden, Massachusetts Institute of Technology
*Alice Amsden, Massachusetts Institute of Technology
*Olivier Blachard, Massachusetts Institute of Technology
*Olivier Blachard, Massachusetts Institute of Technology
Line 34: Line 35:
*Joan Tugores, University of Barcelona
*Joan Tugores, University of Barcelona
*Andrés Velaso, [[Kennedy School of Government]], Harvard University
*Andrés Velaso, [[Kennedy School of Government]], Harvard University
*Jaume Ventura, [[Centre for Research in International Economics]], University Pompeu Fabra
*Jaume Ventura, [[CREI|Centre for Research in International Economics]], University Pompeu Fabra
*Xavier Vives, [[Institut Européen d'Administration des Affaires]]
*Xavier Vives, [[Institut Européen d'Administration des Affaires]]
*John Williamson, [[Peterson Institute for International Economics]]
*John Williamson, [[Peterson Institute for International Economics]]
Line 67: Line 68:


==Notes==
==Notes==
<references/>


==References==
==References==
*{{citebook |title=The Washington Consensus Reconsidered: Towards a New Global Governance |authors=Serra, N and Stiglitz, JE |location=New York, NY |publisher=Oxford University Press |year=2008 |isbn=978-0-19-953408-1}}
*{{citebook |title=The Washington Consensus Reconsidered: Towards a New Global Governance |authors=Serra, N and Stiglitz, JE |location=New York, NY |publisher=Oxford University Press |year=2008 |isbn=978-0-19-953408-1}}
*{{cite web |http://www.bcn.es/forum2004/english/desenvolupament.htm |title=[http://www.bcn.es/forum2004/english/desenvolupament.htm Forum 2004: The Legacy. The Barcelona Development Agenda] |accessdate=2011-04-18}}


==Further Reading==
==Further Reading==

Revision as of 16:16, 18 April 2011

Barcelona Development Agenda

Introduction

The Barcelona Development Agenda is a statement of development principles formulated as a response to the prevailing Washington Consensus development model. Resulting from the collaboration of economists from both developing and developed countries at the 2004 Universal Forum of Cultures in Barcelona, Spain, the Barcelona Development Agenda outlines seven lessons learned from previous policy failures and successes, and presents them as priorities for future economic reforms. The principles emphasize a balance of market and government economic roles, flexible economic tools, and an increased role for sustainability and equity in governance.

Background

The Universal Forum of Cultures Barcelona 2004 that met in Barcelona, Spain from May 9th to September 26th, 2004 to promote human rights, diversity, peace, and sustainable development. On the last two days of the Forum, September 24th and 25th, economists from organizations around the world met to discuss the impacts of economic policies, especially global policies, on developing countries.

The opening statement of the Barcelona Agenda is as follows:

"We, a group of economists from developing and developed countries, met in Barcelona on September 24 and 25, 2004 to consider the prospects for growth and development around the world. We discussed the effect of economic reforms adopted by many developing nations over the last two decades, the lessons for economic policymaking that emerge from this experience, and the performance of the international economic system into which poor and middle-income countries are increasingly integrated." [1] [2] 

Participants

[3]


- Three encouraging trends

  • Gains in human rights
  • Growth in several countries that can potentially pull millions out of poverty
  • Increasing recognition of the importance of macroeconomic stability

- Three reasons for concern

  • Recurrence and severity of systemic financial crises affecting developing states
later
  • Mediocre record of economic reforms igniting growth in many regions
later
  • Persistence and widening of distributional inequalities in many developing states
later

- Seven sets of lessons as seven priorities for reform

  1. Institutional quality (respect of law and property rights) plus market orientation (with balance between market and state) and distribution of income are at root of successful development strategies
  2. Large public and private debt, poorly regulated financial institutions, and loose monetary policies are serious hindrances to development
  3. No single set of policies can be guaranteed to ignite growth
  4. Multilateral trade negotiations should proceed in a manner that promotes development.
  5. International financial arrangements are not working well.
  6. Current international arrangements deal with movements of capital and labor asymmetrically.
  7. Environmental issues need to be addressed with sustainable development policies at both national and global levels.

Application of the Barcelona Development Agenda

Notes

  1. ^ The Washington Consensus Reconsidered: Towards a New Global Governance. {{cite book}}: Unknown parameter |authors= ignored (help)
  2. ^ "Forum 2004: The Legacy. The Barcelona Development Agenda". {{cite web}}: |access-date= requires |url= (help); Missing or empty |url= (help); Text "http://www.bcn.es/forum2004/english/desenvolupament.htm" ignored (help)
  3. ^ The Washington Consensus Reconsidered: Towards a New Global Governance. {{cite book}}: Unknown parameter |authors= ignored (help)

References

Further Reading