Vindicating economic policy and equity in a global world

Abstract

The Latin America region is not only far from having reached development; it also has an enormous equity gap. In the context of the growing trend towards globalization, the article deals with the need to combine growth with equity through public policies that will make it possible to establish the required conditions for endowing growth with a social dimension. It touches briefly upon globalization's economic implications and focuses on commitments assumed by the international community in order to improve global governance and allow development to be equally favourable to all. Among these, reference is made to the Action Initiative against Hunger and Poverty, which aims at identifying innovative financing sources that will facilitate the achievement of Millennium Development Goals.