ANT 160 Lecture Notes - Lecture 21: Millennium Development Goals, Structural Adjustment, Uruguay Round
4 Dec 2017
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Document Summary
Basic needs approach to development. the basic component of this approach is the necessity for governments to act as providers of basic services such as health care, basic infrastructure and educational services. International debt as well as the global recession of the times exposed weaknesses in the countries. As a result, countries scraped their ambitious plans of the 1970s basic approach and revised their strategies to accommodate the falling economic growth trends, rapid population growth rates, and low international assistance or funding. While this approach led to dramatic improvements in terms of social and economic indicators, the 1980s has come to be labeled as the lost decade of development, for most of the third world countries. In the mid 1980s, the world bank and the imf pressured third world countries to apply economic stabilization and structural adjustments policies. this meant more cutbacks on public spending and subsidies. In recognition of this, the international community adopted united nations millennium.
