China and Global Development Seminar Series, Institute of Development Studies, 11 March 2021, 15:00-16:30 GMT.
Covid-19 and economic responses to it have amplified and changed the nature of development challenges in fundamental ways. Global development cooperation should adapt accordingly. How have changes to global growth, debt, budget deficits and taxes, aid, capital markets, along with poverty and vulnerability changed the development context over the long-term?
We suggest that aid is moving beyond altruism to become an instrument of national self-interest and of better planetary management of the global commons. Metrics of environmental sustainability and social inclusion performance, as well as governance, will become more important determinants of aid’s effectiveness. Prominent among these is far more ambitious use of multilateral and national development banks, and global policies to reduce capital outflows from developing countries.
Andrew is a Senior Research Associate with the Development and Public Finance team at the Overseas Development Institute (ODI). His main area of interest is the changing overall architecture of development co-operation. He has written and consulted extensively on the subject, including by publishing recently: “Global Trends and Challenges: Horizon 2025 Revisited”, together with Homi.
Homi Kharas is a Senior Fellow at the Center for Sustainable Development, housed in the Global Economy and Development program at Brookings. He studies policies and trends influencing developing countries, including aid to poor countries, the emergence of the middle class, and global governance and the G-20.
Beata Cichocka is a research assistant for Centre for Global Development’s (CGD) Europe programme, focusing on the Commitment to Development Index. Prior to joining CGD, she worked with the European Commission, UNDP and the World Resources Institute, with focuses on the Asia-Pacific region, south-south cooperation and urbanisation, respectively.
Chuanhong Zhang is Associate Professor of College of Humanities and Development Studies, China Agricultural University/Secretary of China International Development Research Network (CIDRN), and an expert on China’s approach to development cooperation.
Jing Gu, IDS Senior Research Fellow and Director of the Centre for Rising Powers, is an expert in international development cooperation, particularly China.
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