The 2004 Universal Forum of Cultures met in Barcelona, Spain from May 9 to September 26, 2004, to promote human rights, diversity, peace, and sustainable development.
We discussed the effect of economic reforms adopted by many developing nations over the last two decades, the lessons for economic policymaking that emerge from this experience, and the performance of the international economic system into which poor and middle-income countries are increasingly integrated.Based on trends and concerns the participants noted in international development policy, the agenda outlined principles for policy implementation that reflected both widely accepted principles of macroeconomics, such as the importance of market development, and improved understanding of challenges and solutions in developing markets, such as capital inequity and environmental impacts.
[citation needed] Though no initiatives have been directly undertaken as a result of the Barcelona Development Agenda, the Center for International Relations and Development Studies (CIDOB, Centre d’Investigació de Relacions Internacionals i Desenvolupament) has been working to implement some of the BDA principles into the Ibero-American Development Agenda (ADI, Agenda de Desarrollo Iberoamericana).
The ADI has a goal of facilitating policy recommendations that permit countries to attain sustainable economic growth as a way of reducing poverty and inequality, thus augmenting the quality of life of the Latin American people.
In order to do this, the ADI Seminar promotes discussion and dialogue between prominent economists, sociologists and political scientists based on the rigorous analysis of the economic, social and institutional situation in the region.A collaboration between Latin American governments, economics, sociologists, and political scientists, principles stated in the BDA are being implemented through collaborative policy decision-making in the ADI.