G20 china_web
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Sustainable development<br />
KEY TAKEAWAYS<br />
Some countries remain<br />
untouched by technology<br />
Success stories in the developing<br />
world need to be nurtured<br />
An employee applies studs<br />
at Viswa & Devji Diamonds in<br />
Coimbatore, Tamil Nadu, India<br />
The<br />
development<br />
challenge<br />
Diversity has improved developing countries since the<br />
millennium. Yoginder K Alagh looks at what more needs<br />
to be done and suggests how policy changes can help<br />
In the last two decades there has been a sea change<br />
in both the practice of development policy and<br />
the orthodoxy of thinking about it. The driving<br />
force has been technology and yet technology<br />
is but a handmaiden. Widespread growth<br />
needs institutions driven by people – especially<br />
women – who cross the divide between classes<br />
and countries. Including every last individual is a<br />
challenge of both communication and skills. India is<br />
an example. Its recent robust growth largely comes<br />
from the demographic dividend of the young in an<br />
old civilisation. Incontrovertible progress was made<br />
on the Millennium Development Goals (MDGs), but<br />
countries remain untouched by technology. That is the<br />
development challenge.<br />
Updating aid and investment<br />
The experience of developing countries is that global<br />
crises lead to out-of-the-box thinking. The aid and<br />
investment agenda needs to be updated. Official aid<br />
will not overcome obstacles created by developmental<br />
challenges. They will be addressed only with a global<br />
etiquette that nurtures the success stories in the →<br />
166 <strong>G20</strong> China: The Hangzhou Summit • September 2016 G7<strong>G20</strong>.com
Change language