The purely market-based approach to development has failed the world's poor. If the global economy is to serve the interests of all people, it must be primarily geared towards securing basic human needs in perpetuity, founded upon a genuine form of multilateral cooperation and economic sharing.
Finding ways to increase tax revenue is critical if developing countries are to fund essential public services and reduce poverty. Global reforms to tackle tax evasion and policies to strengthen the capacity of national revenue authorities should be a top priority for development cooperation, argues Adam Parsons.
In almost every region of the world today, the people are rising up. In the Middle East and North Africa, a revolutionary wave of protests swept across the Arab world and continues to escalate in many countries, not least in Libya and Syria.