Development Cooperation in Times of Crisis

Development Cooperation in Times of Crisis

In: Initiative for Policy Dialogue at Columbia: Challenges in Development and Globalization

Edited by: José Antonio Alonso and José Antonio Ocampo

Columbia University Press | 2012

https://doi.org/10.7312/alon15966

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About this book

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, José Antonio Alonso and José 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.

Author information

José Antonio Alonso is director of the Complutense Institute for International Studies (ICEI) and professor of applied economics at the Universidad Complutense of Madrid. He is a member of the Committee for Development Policy at the United Nation's Economic and Social Council (ECOSOC) and the editor of Principios: Estudios de Economía Política. His most recent books are Acción Colectiva y Desarrollo: el Papel de las Instituciones, coauthored with Carlos Garcimartín, and Corrupción, Cohesión Social y Desarrollo, coedited with Carlos Mulas-Granados.

José Antonio Ocampo is professor in the School of International and Public Affairs and fellow of the Committee on Global Thought at Columbia University. He has been a member of the United Nations Commission of Experts on Reforms of the International Monetary and Financial System and has served as Under-Secretary-General of the United Nations for Economic and Social Affairs, Executive Secretary of the United Nations Economic Commission for Latin America and the Caribbean, and Minister of Finance, Agriculture, and Planning for Colombia. His most recent books are Handbook of Latin American Economics, coedited with Jaime Ros, and Time for a Visible Hand: Lessons from the 2008 World Financial Crisis, coedited with Stephany Griffith-Jones and Joseph E. Stiglitz.

Reviews

A valuable contribution to the current editorial landscape.

Ricardo Ffrench-Davis, professor of international economics, Universidad de Chile:
This welcome volume provides a relevant and highly useful set of arguments on an issue that's at the top of the international agenda.

Frontmatter Free access PDF PDF	i
Contents Free access PDF PDF	vii
1. Introduction José Antonio Alonso and José Antonio Ocampo Access restricted Content is available PDF PDF	1
2. The Great Recession and the Developing World José Antonio Ocampo, Stephany Griffith-Jones, Akbar Noman, Ariane Ortiz, Juliana Vallejo and Judith Tyson Access restricted Content is available PDF PDF	17
3. The International Financial Architecture Seen through the Lens of the Crisis: Some Achievements and Numerous Challenges Stephany Griffith-Jones and José Antonio Ocampo Access restricted Content is available PDF PDF	82
4. The Economic Crisis and the International Aid Andrew Mold and Annalisa Prizzon Access restricted Content is available PDF PDF	142
5. Aid, Institutional Quality, and Taxation: Some Challenges for the International Cooperation System José Antonio Alonso, Carlos Garcimartín and Víctor Martín Access restricted Content is available PDF PDF	172
6. The New Face of Development Cooperation: The Role of South-South Cooperation and Corporate Social Responsibility Francisco Sagasti and Fernando Prada Access restricted Content is available PDF PDF	248
7. Governance of the Aid System and the Role of the Europe an Union Owen Barder, Mikaela Gavas, Simon Maxwell and Deborah Johnson Access restricted Content is available PDF PDF	314
Contributors Access restricted Content is available PDF PDF	353
Index Access restricted Content is available PDF PDF	359
Backmatter Access restricted Content is available PDF PDF	371

Development Cooperation in Times of Crisis

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