The Future of Aid

Glennie, Jonathan

Reference

Routledge

<p>"What went wrong with foreign aid? Despite many positive changes, poverty is not history, and the very idea of foreign aid is now under sustained attack by administrations around the world. The Future of Aid calls for a wholesale restructuring of the aid project, a totally new approach fit for the challenges of the 21st century: Global Public Investment. In times of crisis, when global health funds or regional support are needed, when hunger, disease or climate change threaten lives and livelihoods, it is clear that the current system of international public finance is not fit for purpose. This book suggests a series of paradigm shifts. From a narrow focus on poverty to a broader understanding that incorporates ideas of inequality and sustainability as well. From obsessing about the quantity of international public money, to looking at how well it is spent. From North-South transfers to a collective effort, with all paying in and all benefitting. From outdated post-colonial institutions to modern decision-making structures. From the othering and patronizing language of "foreign aid", to the empowering concept of Global Public Investment. Engagingly written by a well-known expert in the field, this book sets out a powerful roadmap for an evolution in the way that we think about aid, global cooperation, and the need to back up our ambitious global objectives with public money. As the world reels from the Covid-19 crisis, this book argues that it is time for a new era of internationalism to respond to our common challenges"--</p>

The authors discuss the impact of foreign aid and tackle the question of why assessing the impact of aid is so difficult. The authors focus on peer-reviewed, cross-country studies published over the last decade and draw together some global-level assessments, considering the context and conditions under which aid might be said to ‘work’. Glennie and Sumner argue that the evidence in four areas shows signs of convergence that may have direct relevance for policy decisions on aid and for aid effectiveness discussions. These are as follows: Aid levels (meaning if aid is too low or too high); Domestic political institutions (including political stability and extent of decentralisation); Aid composition (including sectors, modalities, objectives and time horizons); and Aid volatility and fragmentation. Notably, this study finds  that there is no consensus that the effectiveness of aid depends on orthodox economic policies.

Aid, Growth and Poverty

Business & Money

Sumner, Andy

Economics

PALGRAVE~MACMILLAN

<p>In this book, Jonathan Glennie argues that government aid to Africa actually has many very harmful effects.  He claims that aid has often meant more poverty, more hungry people, worse basic services for poor people and damage to already precarious democratic institutions. Rather than the Make Poverty History slogan "Double aid to Africa," Glennie suggests the opposite: "Halve aid to Africa"--to achieve the same result and reduce aid dependency. Through an honest assessment of both the positive and negative consequences of aid, this book will show you why.  </p>

The Trouble with Aid: Why Less Could Mean More for Africa (African Arguments)

Zed Books

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