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The Triple Crisis and the Global Aid Architecture

Author

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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.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Tony Addison & Channing Arndt & Finn Tarp, 2011. "The Triple Crisis and the Global Aid Architecture," African Development Review, African Development Bank, vol. 23(4), pages 461-478.
  • Handle: RePEc:adb:adbadr:523
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    References listed on IDEAS

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    1. Hansen, Henrik & Tarp, Finn, 2001. "Aid and growth regressions," Journal of Development Economics, Elsevier, vol. 64(2), pages 547-570, April.
    2. Tony Addison, 2009. "Chronic Poverty in the Global Economy," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 21(2), pages 174-178, April.
    3. Luc Christiaensen, 2009. "Revisiting the Global Food Architecture. Lessons from the 2008 Food Crisis," Review of Business and Economic Literature, KU Leuven, Faculty of Economics and Business, Review of Business and Economic Literature, vol. 0(3), pages 3345-3361.
    4. Gupta, Sanjeev & Tareq, Shamsuddin & Clements, Benedict & Segura-Ubiergo, Alex & Bhattacharya, Rina, 2007. "Postconflict Countries: Strategy for Rebuilding Fiscal Institutions," WIDER Working Paper Series 041, World Institute for Development Economic Research (UNU-WIDER).
    5. Channing Arndt & Sam Jones & Finn Tarp, 2009. "Aid and Growth: Have We Come Full Circle?," WIDER Working Paper Series WIDER Discussion Paper 20, World Institute for Development Economic Research (UNU-WIDER).
    6. 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.
    7. 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.
    8. 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.
    9. Simon Maxwell, 2009. "Eliminating World Poverty: Building Our Common Future," Development Policy Review, Overseas Development Institute, vol. 27(6), pages 767-770, November.
    10. Mitchell, Donald, 2008. "A note on rising food prices," Policy Research Working Paper Series 4682, The World Bank.
    11. Fabian Valencia & Luc Laeven, 2008. "Systemic Banking Crises; A New Database," IMF Working Papers 08/224, International Monetary Fund.
    12. 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;Society for the Development of Austrian Economics, vol. 22(4), pages 431-432, December.
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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. Gravier-Rymaszewska, Joanna, 2012. "How Aid Supply Responds to Economic Crises: A Panel VAR Approach," WIDER Working Paper Series 025, World Institute for Development Economic Research (UNU-WIDER).
    3. repec:unu:wpaper:wp2015-58 is not listed on IDEAS
    4. Rogner, Hans-Holger, 2013. "The Effectiveness of Foreign Aid for Sustainable Energy," WIDER Working Paper Series 055, World Institute for Development Economic Research (UNU-WIDER).
    5. Tony Addison & Finn Tarp, 2015. "Lessons for Japanese foreign aid from research on aid's impact," WIDER Working Paper Series 056, World Institute for Development Economic Research (UNU-WIDER).
    6. Michael Mitchell Omoruyi Ehizuelen & Meibo Huang, 2016. "Fostering Economic Development: Is External Finance Responsible for the Poor Economic Growth in Sub-Saharan Africa?," Global Economy Journal, De Gruyter, vol. 16(2), pages 313-347, June.
    7. Addison, Tony & Singhal, Saurabh & Tarp, Finn, 2013. "Aid to Africa: The Changing Context," WIDER Working Paper Series 144, World Institute for Development Economic Research (UNU-WIDER).
    8. Heller, Peter S., 2011. "Rethinking the World of Aid in the Twenty First Century," WIDER Working Paper Series 067, World Institute for Development Economic Research (UNU-WIDER).
    9. repec:unu:wpaper:wp201558 is not listed on IDEAS

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