Question

In: Economics

Name and discuss some of the features of an alternative model of development that could lead...

Name and discuss some of the features of an alternative model of development that could lead developing and undeveloped nations toward global cooperation and even development.

Solutions

Expert Solution

The best alternative model to achieve this is:

Developed-developing country partnerships

The concept of the global partnership has been around for decades and countries have used different forms of engagement with it. The global partnership for development we know today was conceived at the United Nations Millennium Summit in 2000, when Member States decided to create a conducive environment for development at the national and global levels. Millennium Development Goal (MDG) 8 (Develop a global partnership for development) was then formulated in the “Road map towards implementation of the United Nations Millennium Declaration” to foster such an enabling environment for development. It includes targets on aid, trade, debt relief and improved access to essential medicines and new technologies. This concept was further enhanced in the Monterrey Consensus and the Johannesburg Plan of Implementation which included additional commitments for Member States to focus on resource mobilization, strengthening global governance and promoting policy coherence. In addition to the global partnership for development, other form of partnership have significantly increased in importance in the past years, such as multi-stakeholder partnerships and South-South cooperation.

Multi-stakeholder partnerships are voluntary associations between different stakeholders such as civil society organizations, the private sector, philanthropic organizations, and international organizations.


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