Thirteen of the world’s leading development economists — including four former chief economists of the World Bank, and prominent members of the UNU World Institute for Development Economics Research (UNU-WIDER) — have released the Stockholm Statement, in which they summarise what they see as the core principles for development policymaking going forward. Traditional economic thinking no longer applies; inequality within countries is threatening social cohesion and economic progress, and development needs to be seen in a broader perspective in order to achieve more equitable and sustainable results.
The Statement is based on discussions that were held in Stockholm on 16–17 September 2016 to review and assess the challenges faced by today’s economic policymakers. The meeting was hosted by the Swedish International Development Cooperation Agency and the World Bank.
For more information, see the press release on the UNU-WIDER website.