USA Africa Dialogue Series - Global Financial Crisis: The Beginning of the End of the “Development” Agenda?

In this paper, Nancy Birdsall discusses two themes. The first is the pre-crisis subtle shift in the prevailing model of capitalism in developing countries—away from orthodoxy or so-called market fundamentalism—that the crisis is likely to reinforce. The second theme is better framed as a question than a prediction: will the financial crisis, which is likely to be remembered as marking the end of Western economic dominance, be a trigger for a new twenty-first-century approach to collective action on global problems?

http://www.cgdev.org/files/1426133_file_Birdsall_financial_crisis_FINAL.pdf 

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