Aid alone cannot finance development; bringing in fresh sources of finance is essential. This book assesses the changing landscape of international development finance from a global and and developing country perspective and provides recommendations on innovative policy mechanisms.
As aid alone cannot finance development the emergence of new financing options is good news, but it also raises challenges. This book assess the changing landscape of international development finance from a global and a developing-country perspective. It looks at thepolicy implications for donor and recipient alike and provides recommendations on policy mechanisms for the use of both grants and loans in development finance, and on the challenges of managing diverse financial flows at country-level.
Developing countries have for decades been trying to catch up with the industrialized high-income countries, but only a few have succeeded. Historically, structural transformation has been a powerful engine of growth and job creation. Traditional development aid is inadequate to address the bottlenecks for structural transformation, and is hence ineffective. In this book, Justin Yifu Lin and Yan Wang use the theoretical foundations of New Structural Economics to examine South-South development aid and cooperation from the angle of structural transformation. By studying the successful economic transformation of countries such as China and South Korea through 'multiple win' solutions based on comparative advantages and economy of scale, and by presenting new ideas and different perspectives from emerging market economies such as Brazil, India and other BRICS countries, they bring a new narrative to broaden the ongoing discussions of post-2015 development aid and cooperation as well as the definitions of aid and cooperation.
Developing countries need additional, cross-border capital channeled into their private sectors to generate employment and growth, reduce poverty, and meet the other Millennium Development Goals. Innovative financing mechanisms are necessary to make this happen. 'Innovative Financing for Development' is the first book on this subject that uses a market-based approach. It compiles pioneering methods of raising development finance including securitization of future flow receivables, diaspora bonds, and GDP-indexed bonds. It also highlights the role of shadow sovereign ratings in facilitating access to international capital markets. It argues that poor countries, especially those in Sub-Saharan Africa, can potentially raise tens of billions of dollars annually through these instruments. The chapters in the book focus on the structures of the various innovative financing mechanisms, their track records and potential for tapping international capital markets, the constraints limiting their use, and policy measures that governments and international institutions can implement to alleviate these constraints.
Assessing Aid determines that the effectiveness of aid is not decided by the amount received but rather the institutional and policy environment into which it is accepted. It examines how development assistance can be more effective at reducing global poverty and gives five mainrecommendations for making aid more effective: targeting financial aid to poor countries with good policies and strong economic management; providing policy-based aid to demonstrated reformers; using simpler instruments to transfer resources to countries with sound management; focusing projects oncreating and transmitting knowledge and capacity; and rethinking the internal incentives of aid agencies.
What is development -- How does development happen? -- Why are some countries rich and others poor? -- What can be done to accelerate development? -- The evolution of development aid -- Sustainable development -- Globalization and development -- The future of development.
While much progress has been made on achieving the Millenium Development Goals over the last decade, the number and complexity of global health challenges has persisted. Growing forces for globalization have increased the interconnectedness of the world and our interdependency on other countries, economies, and cultures. Monumental growth in international travel and trade have brought improved access to goods and services for many, but also carry ongoing and ever-present threats of zoonotic spillover and infectious disease outbreaks that threaten all. Global Health and the Future Role of the United States identifies global health priorities in light of current and emerging world threats. This report assesses the current global health landscape and how challenges, actions, and players have evolved over the last decade across a wide range of issues, and provides recommendations on how to increase responsiveness, coordination, and efficiency â€" both within the U.S. government and across the global health field.
Advances in global development have helped lift hundreds of millions of people from poverty in recent decades, but major challenges in fighting poverty remain. Billions of people continue to have little or no access to the basic necessities of life: clean water, food, shelter, education, and medical care. The random location of their birthplace limited much of what is possible in many of their lives. Yet legions of dedicated people today are proving that with the right approaches and resources, disciplined efforts to fight poverty can succeed—and with greater scale and impact than ever. In An Accident of Geography, author Richard C. Blum profiles many of them while narrating his inspiring personal story—accomplished private-equity investor especially in Asia, humanitarian, public policy advocate, and creator of an unprecedented, multidisciplinary curriculum in poverty and development studies that has attracted thousands of students on the ten campuses of the University of California and beyond. Blum offers practical guidance on what works best: giving poor people a greater voice in the field and applying key principles of 21st-century management, engineering, and development philanthropy. Put your accident of geography to work in helping others, and yourself Be the change maker you see in the mirror. All author proceeds from the sale of An Accident of Geography will be donated to projects advancing global development.
This book presents an overview of the key debates that took place during the Economic and Social Council meetings at the 2007 High-level Segment, at which ECOSOC organized its first biennial Development Cooperation Forum. The discussions also revolved around the theme of the second Annual Ministerial Review, "Implementing the internationally agreed goals and commitments in regard to sustainable development."--P. 4 of cover.