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Article

1 Oct 2009

Author:
Christian Aid

[PDF] Getting back on the rails: the private sector and development

...The neo-liberal Washington Consensus...allowed parts of the private sector to create enormous new wealth. When imposed on developing countries as the price for aid, elements of the Washington Consensus policy mix...have severely restricted the ability of governments to [encourage]…economic prosperity and social progress...New policies, regulations and institutions are needed to ensure that…the private sector does not harm poor communities and is required to redress any harm that it causes…Christian Aid believes that the private sector has a crucial role to play in poverty eradication and sustainable development and makes...recommendations [for]: developing country governments and civil societies;…foreign donors; [and] multinational companies. [refers to British American Tobacco]