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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.
(This abstract was borrowed from another version of this item.)
(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, December.
  • Handle: RePEc:bla:afrdev:v:23:y:2011:i:4:p:461-478
    DOI: j.1467-8268.2011.00299.x
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    File URL: http://hdl.handle.net/10.1111/j.1467-8268.2011.00299.x
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    References listed on IDEAS

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    1. 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.
    2. 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.
    3. Arellano, Cristina & Bulír, 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.
    4. 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).
    5. Hansen, Henrik & Tarp, Finn, 2001. "Aid and growth regressions," Journal of Development Economics, Elsevier, vol. 64(2), pages 547-570, April.
    6. 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).
    7. Simon Maxwell, 2009. "Eliminating World Poverty: Building Our Common Future," Development Policy Review, Overseas Development Institute, vol. 27(6), pages 767-770, November.
    8. Fabian Valencia & Luc Laeven, 2008. "Systemic Banking Crises; A New Database," IMF Working Papers 08/224, International Monetary Fund.
    9. Mitchell, Donald, 2008. "A note on rising food prices," Policy Research Working Paper Series 4682, The World Bank.
    10. 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.
    11. 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.
    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. 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).
    2. 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).
    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.
    4. repec:unu:wpaper:wp2015-58 is not listed on IDEAS
    5. repec:unu:wpaper:wp201558 is not listed on IDEAS
    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. 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).
    8. 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).
    9. 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).

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