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The Triple Crisis and the Global Aid Architecture

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Author Info

  • Addison, Tony
  • Arndt, Channing
  • Tarp, Finn

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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File URL: http://www.wider.unu.edu/stc/repec/pdfs/wp2010/wp2010-01.pdf
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Bibliographic Info

Paper provided by World Institute for Development Economic Research (UNU-WIDER) in its series Working Paper Series with number UNU-WIDER Working Paper WP2010/01.

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Length: 23 pages
Date of creation: 2010
Date of revision:
Handle: RePEc:unu:wpaper:wp2010-01

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Keywords: financial crisis; global food prices; climate change;

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References

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  1. Tony Addison, 2009. "Chronic Poverty in the Global Economy," The European Journal of Development Research, Palgrave Macmillan, vol. 21(2), pages 174-178, April.
  2. Luc Christiaensen, 2009. "Revisiting the Global Food Architecture. Lessons from the 2008 Food Crisis," Review of Business and Economics, Katholieke Universiteit Leuven, Faculteit Economie en Bedrijfswetenschappen, vol. 0(3), pages 3345-361.
  3. Simon Maxwell, 2009. "Eliminating World Poverty: Building Our Common Future," Development Policy Review, Overseas Development Institute, vol. 27(6), pages 767-770, November.
  4. 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).
  5. Arellano, Cristina & BulĂ­r, Ales & Lane, Timothy & Lipschitz, Leslie, 2009. "The dynamic implications of foreign aid and its variability," Journal of Development Economics, Elsevier, vol. 88(1), pages 87-102, January.
  6. Channing Arndt & Sam Jones & Finn Tarp, 2010. "Aid and Growth Have We Come Full Circle?," Working Papers id:2513, eSocialSciences.
  7. 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.
  8. Mitchell, Donald, 2008. "A note on rising food prices," Policy Research Working Paper Series 4682, The World Bank.
  9. 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.
  10. 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.
  11. Fabian Valencia & Luc Laeven, 2008. "Systemic Banking Crises: A New Database," IMF Working Papers 08/224, International Monetary Fund.
  12. Hansen, Henrik & Tarp, Finn, 2001. "Aid and growth regressions," Journal of Development Economics, Elsevier, vol. 64(2), pages 547-570, April.
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Cited by:
  1. 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.
  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).

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