Trickle Down

During much of the last six decades development has been seen as almost exclusively concerned with economic growth. The "trickle down" model of economics is still widely accepted and with globalization virtually unchallenged the assumption that economic growth will eventually flow down to the poor has become an article of faith, particularly among economists.

In fact, development itself is seen exclusively as the field of economists whose overwhelming influence within the World Bank and IMF have seen the imposition of structural adjustment programs (SAPs) on the least developed countries seeking development assistance or debt relief.