Rethinking Global Development: Crisis as Opportunity Duncan Green, Oxfam November 2010.

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Presentation transcript:

Rethinking Global Development: Crisis as Opportunity Duncan Green, Oxfam November 2010

Crisis = Danger + Opportunity

Danger 1: Hunger Source: WFP

From an Age of Development To an Age of Scarcity ?

Danger 2: Climate change © Crown copyright Met Office

3 options (and only three) Step change in technology (20 Manhattan projects) Accept less global growth Runaway climate change

Danger 3: Financial chaos: what 5,000 kwacha buys in Zambia

Annual % Gini Change Danger 4: Inequality - falling in some countries…

…but rising in many more Annual % Gini Change

And Opportunity? Shocks crucial in Changing attitudes and beliefs Abolition of slavery Women’s suffrage Creating New Institutions National health service United Nations Changes to role of state income taxes

So where might current food + finance shock lead? Already happening G8 -> G20 Limited reregulation of finance Rediscovery of role of agriculture New global taxes (eg FTT)? But so far, only minimal signs of Climate change response New focus on inequality and redistribution Rethink on well-being or environmental constraints on growth

What's needed: ActiveCitizens

EffectiveStates

Thankyou! And for more information… From Poverty to Power blog on oxfamblogs.org/fp2p/

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