This document discusses the development model that has been widely accepted over the past six decades of promoting economic growth through industrialization and centralized high-cost technologies. While there has been significant economic growth, the benefits have not been equally distributed, leading to large inequalities both between and within countries. International agencies now agree that development without equity is unsustainable. However, efforts to reduce inequalities through improved market rules and increased aid have had limited success. A fundamental rethinking of the development model and choice of technologies may be needed to achieve more equitable and sustainable development.
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