Responses: Humphrey P.B.Moshi - Associate Research Professor, University of Dar es Salaam
In the wake of the crisis it is becoming vividly clear that developing countries, especially the sub-Saharan African countries, have to revisit the neoliberal development paradigm championed by the International Financial Institutions (IFIs). The relative resilience of the high performing Asian economies (HPAEs) to the crisis is a clear testimony to the superiority of their development pathways to that of Washington Consensus. The huge responsibility given to the IFIs in the aftermath of the crisis will not lead to new development pathways for developing countries, but to the recycling of old ideas with new emphasis on some aspects, here and there. However, at the end of the day, developing countries’ sustainable development will suffer further delay.
This post features the author's personal view and does not represent the views of ODI, DRI or DFID.
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