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This paper is IBON International's response to the Consultation on Development-Led Globalization. It is a critique of the dominant neoliberal development paradigm that informs and directs current policies and rules in the global economy. The paper argues that neoliberal globalization has further exacerbated inequalities, poverty and ecological catastrophes in the world today, but particularly in the developing countries. IBON International stresses that it is critical, now more than ever, to revisit our current understanding of economic growth and development. The paper calls for a building of a new international economic architecture based on the principles of equality, justice, sustainability and human rights. .:. Sustainable Development Knowledge Platform
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