Rethinking Economics for an Uncertain World: Challenges for Development

By Ian Scoones

Uncertainties are everywhere, whether emerging through climate change, financial volatility, conflict or war. All too often we don’t know what the future will hold. This presents a big challenge for conventional styles of economic development where predictive models, blueprint plans and standardised policies hold sway. What would an economics for development look like if uncertainties – where we don’t know the likelihood of future outcomes – are taken seriously? This is the focus of a new paper in World Development, where we argue for a major recasting of economic thinking and practice,  reclaiming older approaches that put uncertainty centre-stage.

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You don’t like the SDGs? Look what else is on offer

By Lauchlan T. Munro

My friends on the left generally don’t like the Sustainable Development Goals (SDGs). I am told the SDGs are neoliberal, incoherent, (neo-)colonial; the SDGs omit too many important issues: democracy, climate justice, human rights, intersectionality, power. While I agree that the SDGs are imperfect, I must ask, however, what other policy options are on the table? My sad answer is that the available alternatives to the SDGs are much worse, unless you like patriarchy, environmental destruction and national security states.

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Interpreting Modernity: Exploring El Alto, Bolivia’s Perspective

By Guido Alejo, translated from Spanish by Maria Fernanda Córdova Suxo

Within Bolivia, a country marked by high levels of economic informality – nearly 90% of its active workforce, according to the Centro Boliviano de Economía (CEBEC) – El Alto stands out. Perched at an elevation of 4,000 meters on the Altiplano plateau, this city embodies informality not only in its economy but also in its very inception, formed outside the realms of state planning. Being just 38 years old, El Alto is witnessing a profound evolution in its concept of modernity. Here, a dynamic interplay between economic advancement, social mobility, and the redefinition of urban identity is underway.

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A Trade Policy for the Future: neither Neoliberal nor Geopolitical, but based on Solidarity!

By Werner Raza

The era of unbridled free trade is over, the new buzzwords are de-coupling/de-risking. What we now see is an erosion of global cooperation. As we confront existential challenges like the climate crisis, a New World Economic Order 2.0 is needed, where the EU could lead the way.
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Challenging Global Development while Defending Modernity and Enlightenment Thought

By Tanja Müller

The latest book in the EADI Global Development Series has recently come out with the apt title Challenging Global Development: Towards Decoloniality and Justice. It is a timely and important book, not least because it provides good summary of the history of ‘development’ and Development Studies, up to contemporary debates. It interrogates most of the relevant themes and contestations in relation to the concept of development and Development Studies as an (academic) subject. The book provides pertinent critiques of a diverse range of themes, such as inclusions and exclusions; transformative processes of knowledge production; questioning the growth-agenda; structural roots of global inequalities; and narratives based on dichotomies. A focus on decoloniality and justice is welcome, as is the recognition that colonialism is ultimately a power structure.

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