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The dual debt of Neoliberalism

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Chapter Summary

The currently prevailing neoliberal development model has brought with its various technological advances and economic and commercial growth. It is definitely not eradicating poverty. In recent years, the flood of international attention placed on poverty led to negotiations for setting urgent goals for poverty reduction and linking these efforts to a commitment to human rights. The fundamental goal agreed upon during the United Nations Millennium Summit was the worldwide reduction of extreme poverty by one-half over the 1990–2015 period. It has always been supposed that the industrialised countries have by definition fulfilled their development obligations. This chapter focuses on the issue of compliance of developed world with Goal 8 of the Millennium Development Goals and its associated targets. Are Latin American and Caribbean countries complying with the goals they have committed themselves to? In a target by target analysis, it can be seen that they are not.

Keywords: Caribbean countries; developed countries; human rights; Latin American; neoliberal development model; poverty reduction; United Nations millennium summit



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