THE WORLD ECONOMIES AND DEVELOPMENT GOALS

DEVELOPMENT IS THE MOST IMPORTANT CHALLENGE FACING THE HUMAN RACE BUT THE PROCESSES DRIVING ECONOMIC DEVELOPMENT ARE BY NO MEANS FULLY UNDERSTOOD. HOWEVER, THE CORE CHALLENGE FOR DEVELOPMENT IS TO ENSURE PRODUCTIVE WORK AND A BETTER QUALITY OF LIFE FOR ALL THE PEOPLE OF THE WORLD. THIS CHALLENGE MAY BE DAUNTING AND IT IS. THIS PAPER THEREFORE ARGUES THAT A GLOBAL ECONOMIC ARCHITECTURE IS IMPERATIVE FOR THE ATTAINMENT OF THE UNITED NATIONS MILLENNIUM DEVELOPMENT GOALS WITHIN A FRAMEWORK OF THE MUTUAL IMPACT OF DEVELOPED AND DEVELOPING WORLDS