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Aid, Debt & Development

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Levels of international aid have been criticised as seriously insufficient for over 50 years, debt cancellation programs have failed to reach most developing countries, and the Millennium Development Goal for halving poverty will not be met by 2015. Without a fundamental restructuring of global economic priorities, the needs of the majority world will continue to be overshadowed by commercial interests.

Latest Articles

UNCTAD Report on Making Aid More Effective

De-politicized and more predictable flows with greater economic focus needed, managed by the UN along Marshall Plan lines, UNCTAD report says.

 
Development and Peace: A virtuous Circle? Exploring the Power and Limits of the Relationship
Introduction

Development and peace have been two of the major concerns of national and international political economy for more than fifty years. Yet there is considerable disagreement as to the nature of the relationship between these two economic and political phenomena.


Some (such as the “liberals/neoliberals”) argue that development encourages peace. People in better economic condition are less likely to initiate violent conflict both because they are more content and because they have more to lose from the physical danger and economic disruption that war brings. Others say that development discourages peace, either because the continued development of some depends on their forceful suppression or control of others (as the “dependency” theorists argue) or because development increases the capacity to build and mobilize military power (as the “neorealists” argue). Still others (such as the old-line “realists”) argue that development and peace have no significant connection to each other.

In order to better understand the power and limits of the relationship between development and peace --- and in particular to explore whether development and peace naturally do, or can be made to, reinforce each other --- it is useful to begin by setting the terms of reference. What do we mean by “development”? What do we mean by “peace”? What do we mean by “militarization”? And what do we mean by “war”?

 
G8 Call for More Oil Output Won't Help Poor: Report

18th July 2006 - Olga R. Rodriguez, Reuters

High crude oil prices will more than offset the benefits of debt relief the Group of Eight rich nations gave to poor countries last year, and this year the G8 will make the situation worse by promoting more investment in fossil fuels, a new report warned on Wednesday.

 
Aid Should Target the Poor and Not the Rich, Says ActionAid

7th July 06, Action Aid

Aid provided by rich governments needs to target poverty. Instead, one quarter of their aid – $20bn a year – funds expensive and often ineffective western consultants, research and training.

 
Failure to Deliver on G8 Pledges Has Left Millions to Die, Says Charity Report

The huge pledges of aid, debt relief and trade reforms that were promised at last year's G8 conference at Gleneagles have not been delivered, according to a report by Action Aid.


 
Settling An Historical Debt As a Prerequisite To Build a Better World
The purpose of this essay is to show that: one, an historical debt exists, which is owed by the rich and developed countries of the North (Western Europe and North America) to the poor and underdeveloped countries of the South (Africa, Latin America and Asia); and two, unless that historical debt is paid back in part (given its magnitude, it would be impossible to reimburse it in full), humanity will not be able to build a ‘better world’, that is, a viable and sustainable world, in which sufficient levels of justice, liberty and peace exist.

Two essential and crucial questions are: What is that historical debt made up of? And: When was it contracted? The answer to the first one is: That historical debt has two parts: material and moral. The material part is made up by the sum-total of all the human and natural resources that were forcibly taken (or stolen, to call a spade a spade) by the rich and developed countries of the North from the poor and underdeveloped countries of the South. The moral part is made up by an enormous amount of pain and suffering that was inflicted on the populations of the poor and underdeveloped countries of the South by the rich and developed countries of the North while incurring that historic debt. The answer to the second question is: That historical debt was contracted during the last three to four centuries, during the three historical periods known as slavery, colonialism and neo-colonialism.

 
International Aid & Development: Creating a More Effective System

An investigation into the inability of the current system of international aid to significantly reduce poverty over the past 35 years, with practical proposals for an alternative mechanism, based on economic sharing, which can rapidly foster self-sufficiency in the developing world.

 
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