Beyond Aid

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.

First published in 1999, Browne creates a comprehensive assessment of post war development assistance in developing countries. Browne suggests that a better managed global environment, developing counties could further advance themselves and thus minimising then diminishing their need for aid resources.

In September 2015, world leaders adopted a new post-2015 development agenda, centered on 17 Sustainable Development Goals intended to transform the world. This report provides basic information about the new agenda—its content, aspirations, and global partnership approach. It describes the complex challenges to the agenda’s effective implementation, including the multiplicity of participants, the growing diversity of financing, the need for better knowledge, and the persistence of state fragility. Throughout, the emphasis is on the importance of new thinking and new behavior that will shift the conversation from a focus on aid to a more comprehensive paradigm of development partnerships, recognizing the crucial need to integrate sustainable development in coherent efforts to preserve our planet and enhance the well-being of all its inhabitants. The author concludes the report with suggestions about priorities for implementation of the 2030 Agenda for Sustainable Development.

Post debt relief, the number of African countries considering accessing international capital markets, often to fund large infrastructure projects, is increasing. Potential risks of capital inflows are well known but the literature offers little help to estimate the cost of borrowing internationally for the first time. This paper proposes a two-step approach to estimate the sovereign credit rating and interest rate cost of a country considering borrowing externally. Estimates can be used to assess the costs and benefits of different financing options. The method can also be used to construct foreign currency as well as domestic local currency yield curves.

A powerful new understanding of cooperation as an antidote to alienation and inequality From the crises of racial inequity and capitalism that inspired the Black Lives Matter movement and the Green New Deal to the coronavirus pandemic, stories of mutual aid have shown that, though cooperation is variegated and ever changing, it is also a form of economic solidarity that can help weather contemporary social and economic crises. Addressing this theme, Practicing Cooperation delivers a trenchant and timely argument that the way to a more just and equitable society lies in the widespread adoption of cooperative practices. But what renders cooperation ethical, effective, and sustainable? Providing a new conceptual framework for cooperation as a form of social practice, Practicing Cooperation describes and critiques three U.S.-based cooperatives: a pair of co-op grocers in Philadelphia, each adjusting to recent growth and renewal; a federation of two hundred low-cost community acupuncture clinics throughout the United States, banded together as a cooperative of practitioners and patients; and a collectively managed Philadelphia experimental dance company, founded in the early 1990s and still going strong. Through these case studies, Andrew Zitcer illuminates the range of activities that make contemporary cooperatives successful: dedicated practitioners, a commitment to inclusion, and ongoing critical reflection. In so doing he asserts that economic and social cooperation must be examined, critiqued, and implemented on multiple scales if it is to combat the pervasiveness of competitive individualism. Practicing Cooperation is grounded in the voices of practitioners and the result is a clear-eyed look at the lived experience of cooperators from different parts of the economy and a guidebook for people on the potential of this way of life for the pursuit of justice and fairness.

A Samaritan State Revisited brings together a refreshing group of emerging and leading scholars to reflect on the history of Canada's overseas development aid. Addressing the broad ideological and institutional origins of Canada's official development assistance in the 1950s and specific themes in its evolution and professionalization after 1960, this collection is the first to explore Canada's history with foreign aid with this level of interrogative detail. Extending from the 1950s to the present and covering Canadian aid to all regions of the Global South, from South and Southeast Asia to Latin America and Africa, these essays embrace a variety of approaches and methodologies ranging from traditional, archival-based research to textual and image analysis, oral history, and administrative studies. A Samaritan State Revisited weaves together a unique synthesis of governmental and non-governmental perspectives, providing a clear and readily accessible explanation of the forces that have shaped Canadian foreign aid policy.