The Triple Crisis and the Global Aid Architecture
AbstractThe 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 InfoPaper provided by World Institute for Development Economic Research (UNU-WIDER) in its series Working Papers with number UNU-WIDER Working Paper WP2010/01.
Length: 23 pages
Date of creation: 2010
Date of revision:
financial crisis; global food prices; climate change;
Other versions of this item:
- NEP-ALL-2010-01-23 (All new papers)
- NEP-ENE-2010-01-23 (Energy Economics)
- NEP-ENV-2010-01-23 (Environmental Economics)
- NEP-FDG-2010-01-23 (Financial Development & Growth)
- NEP-PKE-2010-01-23 (Post Keynesian Economics)
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