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Asset Accumulation: An Alternative Approach to Achieving the Millennium Development Goals
Author(s) -
Stein Alfredo,
Horn Philipp
Publication year - 2012
Publication title -
development policy review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.671
H-Index - 61
eISSN - 1467-7679
pISSN - 0950-6764
DOI - 10.1111/j.1467-7679.2012.00593.x
Subject(s) - millennium development goals , poverty reduction , asset (computer security) , poverty , economic growth , promotion (chess) , politics , christian ministry , political science , perspective (graphical) , criticism , development economics , business , economics , computer science , computer security , artificial intelligence , law
The United Nations Millennium Development Goals (MDGs) are unlikely to be achieved by 2015, owing to conceptual flaws in their design as well as the structural and political constraints faced during implementation at the country level. While criticism of the MDGs is widespread, innovative ideas on addressing these operational challenges are still scanty. By reviewing a number of experiences, including those of the Foundation for the Promotion of Local Development (PRODEL) in Nicaragua and the Ministry of Cities in Brazil, this article highlights the importance of incorporating an asset‐accumulation perspective into MDG‐related policies and programmes as a way of generating an enabling environment that opens up new opportunities for poverty reduction in the cities of low‐ and middle‐low‐income countries.