From Development Assistance to Development Solidarity: The Role of Venezuela and ALBA Alejandro Bendaña

This short presentation outlines the need for a new development initiative based in the South as an alternative to the international economic architecture. Specifically, the article suggests that the combination of new ideas and political shifts is being witnessed today in the Venezuela led international collaboration scheme known as ALBA (Bolivarian Alternative for the Americas) which includes a development bank. This has been developed on the premise that a new form of regional integration and indeed greater political unity is necessary for independent development to take place.ill be an important source of hope for the rest of the developing world.

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