Adapting development cooperation to the new aid ecosystem requires an understanding of how new players and new circumstances are changing aid effectiveness.
The global financial crisis that erupted in late 2007 in the US, and which stemmed from policies implemented over the past three decades, has highlighted a severe problem of financial governance within countries and in the international context itself.
The G-20 summit in Seoul has taken steps towards a global financial reform, the internal reform of the IMF and the establishment of a new development agenda.
Ireland’s banking crisis was described by the IMF in early 2009 as matching ‘episodes of the most severe economic distress in post-World War II history’, yet measures taken since 2008 to overcome it have only served to worsen the crisis.
Mineral and fuel abundance does not determine either the political or economic trajectory of less developed countries.
This ARI addresses the analytical and empirical links between resource extraction, governance and development, with a focus on the resource-curse thesis. The rent curse is rooted in policy failure, which the theory of rent cycling attributes to the impact of rent on elite incentives and also on development trajectory. The paper provides some examples of conditions that have facilitated this process in the context of Sub-Saharan Africa.
The media, analysts and markets have focused a great deal of attention on the consolidation of Brazil as an emerging power, mainly in the economic and global governance spheres. However, there is little information and few studies on cooperation as an instrument of Brazilian foreign policy or on Brazil’s role in the new architecture of aid, despite its increasing presence in Africa and its leading role in debates on international development.
The incipient currency war could lead to a protectionist escalation that would hinder the global economic recovery. This paper analyses the various angles of the currency war and possible ways of resolving it.
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