Development Cooperation in Times of Crisis

Kobo ebook | August 21, 2012

byJose Antonio Alonso, Jose Antonio Ocampo

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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.

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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...

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 Economí...

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Format:Kobo ebookPublished:August 21, 2012Publisher:Columbia University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:023150439X

ISBN - 13:9780231504393

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This welcome volume provides a relevant and highly useful set of arguments on an issue that's at the top of the international agenda.