Key Concepts in Sustainable Development and Neoliberalism

Sustainable Development

Development that expands human capabilities sustainably.

Amartya Sen

Economist advocating development as freedom.

Uneven Spatial Development

Disparities in growth across different regions.

Neoliberalism

Economic approach emphasizing free markets and minimal government.

Joseph Stiglitz

Economist criticizing neoliberal policies' negative impacts.

IMF Economic Remedies

IMF solutions often worsen economic downturns.

Structural Adjustment Programs (SAPs)

Reforms aimed to stabilize economies, often with costs.

Robert Wade

Critic of neoliberalism, noting its failures post-crisis.

Asian Financial Crisis

1997/98 crisis revealing flaws in neoliberal strategies.

Dani Rodrik

Economist emphasizing importance of domestic institutions.

Conflict Management Institutions

Domestic structures crucial for economic stability post-crisis.

Uruguay Trade Round

Negotiations that restructured global trade rules.

World Trade Organization (WTO)

Established to regulate international trade agreements.

NAFTA

Trade agreement criticized for not benefiting Mexico.

Trade Liberalization

Reduction of trade barriers to promote free trade.

Political Responsibility

Collective accountability for systemic injustices.

Iris Marion Young

Philosopher advocating for structural political responsibility.

Democracy and Participation

Democratic processes ensure inclusive policy-making.

Individual Freedom

Personal liberty linked to social responsibility.

Onora O'Neill

Philosopher discussing collective impact of individual actions.

Moral Obligations

Responsibility towards others' well-being in freedom.

Economic Growth

Increase in a country's production and consumption.

Socioeconomic Disparities

Inequalities in wealth and resources among populations.

Globalization

Integration of economies and cultures across the world.