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The Triple Crisis and the Global Aid Architecture

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  • Tony Addison
  • Channing Arndt

    ()

  • Finn Tarp

    ()

Abstract

The global economy is passing through a period of profound change. The immediate concern is with the financial crisis, originating in the North. The South is affected via reduced demand and lower prices for their exports, reduced private financial flows, and falling remittances. This is the first crisis. Simultaneously, climate change remains unchecked, with the growth in greenhouse gas emissions exceeding previous estimates. This is the second crisis. Finally, malnutrition and hunger are on the rise, propelled by the recent inflation in global food prices. This constitutes the third crisis. These three crises interact to undermine the prosperity of present and future generations. Each has implications for international aid and underline the need for concerted action.

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Bibliographic Info

Article provided by African Development Bank in its journal African Development Review.

Volume (Year): 23 (2011)
Issue (Month): 4 ()
Pages: 461-478

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Handle: RePEc:adb:adbadr:523

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References

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  1. Luc Christiaensen, 2010. "Revisiting the Global Food Architecture: Lessons from the 2008 Food Crisis," Working Papers id:3086, eSocialSciences.
  2. Jessica M. Ayers & Saleemul Huq, 2009. "Supporting Adaptation to Climate Change: What Role for Official Development Assistance?," Development Policy Review, Overseas Development Institute, vol. 27(6), pages 675-692, November.
  3. Channing Arndt & Sam Jones & Finn Tarp, 2009. "Aid and Growth: Have We Come Full Circle?," Discussion Papers 09-22, University of Copenhagen. Department of Economics.
  4. Nemet, Gregory F. & Kammen, Daniel M., 2007. "U.S. energy research and development: Declining investment, increasing need, and the feasibility of expansion," Energy Policy, Elsevier, vol. 35(1), pages 746-755, January.
  5. Timothy D. Lane & Leslie Lipschitz & Cristina Arellano & Ales Bulir, 2005. "The Dynamic Implications of Foreign Aid and its Variability," IMF Working Papers 05/119, International Monetary Fund.
  6. Tony Addison, 2009. "Chronic Poverty in the Global Economy," The European Journal of Development Research, Palgrave Macmillan, vol. 21(2), pages 174-178, April.
  7. Hansen, Henrik & Tarp, Finn, 2001. "Aid and growth regressions," Journal of Development Economics, Elsevier, vol. 64(2), pages 547-570, April.
  8. Gupta, Sanjeev & Tareq, Shamsuddin & Clements, Benedict & Segura-Ubiergo, Alex & Bhattacharya, Rina, 2007. "Postconflict Countries: Strategy for Rebuilding Fiscal Institutions," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
  9. Fabian Valencia & Luc Laeven, 2008. "Systemic Banking Crises," IMF Working Papers 08/224, International Monetary Fund.
  10. Simon Maxwell, 2009. "Eliminating World Poverty: Building Our Common Future," Development Policy Review, Overseas Development Institute, vol. 27(6), pages 767-770, November.
  11. Johan Walt, 2009. "Dead aid: Why aid is not working and how there is a better way for Africa," The Review of Austrian Economics, Springer, vol. 22(4), pages 431-432, December.
  12. Mitchell, Donald, 2008. "A note on rising food prices," Policy Research Working Paper Series 4682, The World Bank.
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Cited by:
  1. Rogner, H-Holger, 2013. "The effectiveness of foreign aid for sustainable energy," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
  2. Addison, Tony & Singhal, Saurabh & Tarp, Finn, 2013. "Aid to Africa: The changing context," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
  3. Markussen, Thomas & Tarp, Finn & Van Den Broeck, Katleen, 2011. "The Forgotten Property Rights: Evidence on Land Use Rights in Vietnam," World Development, Elsevier, vol. 39(5), pages 839-850, May.

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