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Development cooperation in times of crisis

Author: José Antonio Alonso; José Antonio Ocampo
Publisher: New York : Columbia University Press, ©2012.
Series: Initiative for Policy Dialogue at Columbia (Series)
Edition/Format:   Book : EnglishView all editions and formats
Database:WorldCat
Summary:
Leading governments undertook extraordinary measures to offset the 2008 economic crisis, shoring up financial institutions, stimulating demand to reverse recession, and rebalancing budgets to alleviate sovereign debt. While productive in and of themselves, these solutions were effective because they were coordinated internationally and were matched with sweeping global financial reforms. Unfortunately, coordination  Read more...
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Document Type: Book
All Authors / Contributors: José Antonio Alonso; José Antonio Ocampo
ISBN: 9780231159661 0231159668 9780231504393 023150439X
OCLC Number: 773811601
Description: vi, 370 pages : illustrations, map ; 24 cm.
Contents: The great recession and the developing world / José Antonio Ocampo [and others] --
The international financial architecture seen through the lens of the crisis : some achievements and numerous challenges / Stephany Griffith-Jones and José Antonio Ocampo --
The economic crisis and the international aid / Andrew Mold and Annalisa Prizzon --
Aid, institutional quality, and taxation : some challenges for the international cooperation system / José Antonio Alonso, Carlos Garcimartín, and Víctor Martín --
The new face of development cooperation : the role of south-south cooperation and corporate social responsibility / Francisco Sagasti and Fernando Prada --
Governance of the aid system and the role of the European Union / Owen Barder [and others].
Series Title: Initiative for Policy Dialogue at Columbia (Series)
Responsibility: edited by José Antonio Alonso and José Antonio Ocampo.

Abstract:

Leading governments undertook extraordinary measures to offset the 2008 economic crisis, shoring up financial institutions, stimulating demand to reverse recession, and rebalancing budgets to alleviate sovereign debt. While productive in and of themselves, these solutions were effective because they were coordinated internationally and were matched with sweeping global financial reforms. Unfortunately, coordination has weakened after these initial steps, indicating one of the crisis's adverse effects will be a significant reduction in development cooperation. Urging advanced nations to improve their support for development, the contributors to this volume revisit the causes of the 2008 collapse and the ongoing effects of recession on global and developing economies. They reevaluate the international response to crisis and suggest more effective approaches to development cooperation. Experts on international aid join together to redesign the cooperation system and its governance, so it can accept new actors and better achieve the Millennial Development Goals of 2015 within the context of severe global crisis. In their introduction, Jose Antonio Alonso and Jose Antonio Ocampo summarize different chapters and the implications of their analyses, concluding with a frank assessment of global economic imbalance and the ability of increased cooperation to rectify these inequalities.

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