Description
The article explores the historical and contemporary perspectives on international development cooperation in South America. It compares two prominent approaches: meeting basic human needs and neoliberalism.
Meeting basic human needs emerged in the 1970s as a response to the shortcomings of economic growth-focused development. This approach prioritized fulfilling essential needs like food, healthcare, and education. While it has advantages in ensuring survival, promoting social stability, and fostering human-centered development, it also faces challenges such as sustainability issues, reduced efficiency, and increased external dependency.
Neoliberalism gained prominence in the 1970s and emphasizes market principles, reduced state intervention, and private capital. It has led to economic growth, increased self-reliance, and innovation but also contributed to inequality, environmental degradation, and social instability.
The article argues that a balanced approach is necessary for sustainable development in South America. This involves leveraging natural resources, fostering social enterprises, promoting sustainable development, and strengthening international cooperation. By combining elements of both basic needs fulfillment and neoliberalism, South American countries can address their unique challenges and achieve a more equitable and prosperous future.