A Proposal for a New Universal Development Commitment

Sumner, Andy; Gulrajani, Nilima; Wickstead, Myles A.; Glennie, Jonathan

doi:10.1111/1758-5899.12844

Cited by 5 publications

(6 citation statements)

References 13 publications

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“…Social aid is effective development assistance that reliably supports poverty alleviation by contributing to health programs, educational aid, sanitation, and water supply (Ding et al, 2021;Ding & Vitenu-Sackey, 2021;Hirano & Otsubo, 2014;Mary, Matus, & Paloma, 2018;Sabrine & Anis, 2020). Most importantly, a new paradigm of foreign developmental assistance funds should be looked at, in which all countries contribute to that fund and it is equitably distributed to further the sustainable development goals, as suggested by Sumner et al (2020). Due to the ineffectiveness of current development aid initiatives, they proposed that all countries make a universal development commitment in which developed countries contribute 0.7% of GNI, upper-middle-income countries contribute 0.3% of GNI, lower-middle-income countries contribute 0.2% of GNI, and least developed countries contribute 0.1% of GNI towards the timely achievement of the SDGs.…”

Section: Conclusion and Policy Implicationsmentioning

confidence: 99%

Investigating the role of foreign capital inflows and economic freedom in poverty alleviation

Qifa

Oppong²,

Borah³

et al. 2023

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Many developing countries are still suffering considerable poverty despite the enormous amounts of international development aid channeled to them. This phenomenon raises the question of what role foreign capital plays in these countries. Our study focused on the role of foreign capital (foreign direct investment and foreign aid) and economic freedom in poverty alleviation in developing and least-developed countries using panel data from 1995 to 2018 for 71 countries. We employed several econometric techniques, such as dynamic ordinary least squares, fully modified ordinary least squares, dynamic fixed effects, and pooled mean group regression methods. Furthermore, we performed the Granger causality test, tested the impulse response function, and conducted variance decomposition analysis. In our long-run estimations, we found that while foreign direct investment could significantly alleviate poverty, it increased poverty in the short run. On the other hand, foreign aid played no significant role in poverty alleviation in either the short or the long run. Moreover, to alleviate poverty, economic growth and economic freedom are essential; our findings consistently demonstrated that they play a crucial role in poverty alleviation. We also found bidirectional causality between poverty alleviation and population growth, while a unidirectional causal linkage was found from poverty alleviation to foreign aid. We conclude that policymakers should develop a new paradigm of developmental assistance, and governments should create an enabling environment for foreign investment to support their growth plan.

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Section: Conclusion and Policy Implicationsmentioning

confidence: 99%

Investigating the role of foreign capital inflows and economic freedom in poverty alleviation

Qifa

Oppong²,

Borah³

et al. 2023

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“…These shifts prompted new debates on how to measure national development, growth, and inequality under a new ‘universal’ Agenda for Sustainable Development. New debates also emerged around how to better measure development cooperation, both in the need to ‘modernise’ the concept of ODA and its metrics (Sumner et al, 2020) as well as new measurement politics around whether and how to count and account for development cooperation flows coming from ‘Non‐DAC’ countries—or ‘Southern providers’—such as Brazil, China, India, Turkey, Mexico, and many others.…”

Section: Introductionmentioning

confidence: 99%

‘It Takes Two to Tango’: South–South Cooperation Measurement Politics in a Multiplex World

Waisbich

2022

Global Policy

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This paper examines whether and how the imperatives of measuring Official Development Assistance (ODA; or development aid) are being translated to the policy world of South-South cooperation (SSC). Through a historical and political ethnographic account of a decade of global policy debates on Southern-led development cooperation between 2009 and 2019, the paper argues that growing conversations on 'SSC effectiveness', and how to measure it, reflect both prevalent 'measurementalities' in the field as well as 'traditional/Northern donor countries' continuous will to socialise and integrate '(re)-emerging Southern providers' into existing aid norms and practices. The paper also demonstrates Southern powerhouses'-such as Brazil, China, and India-agency in these accountability-related debates and their will to integrate differently into the 'aid system' by proposing alternative tools to measure SSC flows and initiatives in their own terms. Finally, the paper argues that unfolding negotiations over quantifying, reporting, and evaluating Southern-led development cooperation reflect the politicised consolidation of SSC in the second decade of the 21st century.Current impasses at the multilateral level, moreover, reveal unsolved North-South disputes over power, status, and responsibility in international development and international affairs, more broadly. | 335SOUTH-SOUTH COOPERATION MEASUREMENT POLITICS expanded, intertwined with a growing need to account and measure development and development cooperation flows (Fukuda-Parr & McNeill, 2019;Mitchell, 2002;Rottenburg, 2009). Rather than being static, understandings of responsibility and measurement in the field are currently being disputed and (re)negotiated in light of the major geopolitical shifts in the past two decades and the changing geographies of development across the North-South divide. The 'rise of the South' and of South-South Cooperation (SSC) is a major element in this changing landscape (Eyben & Savage, 2013).This paper provides an empirically based account of the ongoing disputes over whether and how to measure SSC. It examines two United Nations (UN) High-Level Conferences on South-South Cooperation (in 2009 and 2019) and treats them as 'diagnosis events' 1 for investigating how the imperatives of measuring Official Development Assistance (ODA; or development aid) are being translated to the policy world of SSC. 2 By doing so, it also examines the effects of growing 'international development measurementalities', as labelled here, on North-South power relations and on broader disputes over responsibilities in the field of global development.The paper makes three major contributions. First, it argues that growing conversations on 'SSC effectiveness', and how to measure it, reflect both prevalent 'measurementalities' in the field as well as 'traditional donor countries"-members of the Organisation for Economic Co-operation and Development's Development Assistance Committee (OECD-DAC)-continuous will to socialise and integrate Southern countries into existi...

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“…In the past 50 years, the world has witnessed some transformation even though most developed countries couldn't meet the 0.7% of GNI target for international development aid. Nonetheless, many underdeveloped and developing countries have witnessed economic growth in the 2000s, not only in India and China but a couple of countries in Africa (Sumner et al, 2020). But for the emergence of the COVID-19 pandemic, all gains are in jeopardy coupled with the higher level of global ambitions aimed by the UN Sustainable Development Goals (SDGs), which commit countries to achieve no poverty by 2030.…”

Section: Introductionmentioning

confidence: 99%

“…It is likely for them to fall back into it. These countries are home to about twothirds of the world's developing population (Sumner et al, 2020;Jena & Sethi, 2019). The Global pandemic is likely to suppress the world's economic output by about $8.5 trillion over the next couple of years.…”

Section: Introductionmentioning

confidence: 99%

“…Economic freedom is considered a critical ingredient for poverty alleviation. Sumner et al (2020) propose that a new universal development commitment ought to be adopted to ensure equitable distribution of development assistance due to the previous trend of development aids, which has not been able to chance on its intended purposes. Based on this assertion, we pose this question; what part does foreign capital play in poverty alleviation by considering the dominant effect of economic freedom?…”

Section: Introductionmentioning

confidence: 99%

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Poverty Alleviation in Developing and Underdeveloped Countries. Do Foreign Capital and Economic Freedom Matter?

Han

Liu

Khan

et al. 2022

Technological and Economic Development of Economy

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Our study focuses on the role of foreign capital which includes foreign direct investment, foreign aid, and economic freedom in poverty alleviation in developing and underdeveloped countries by using panel data from 1995 to 2018 for 71 countries. In the pursuit of achieving our objective, we employed several econometric techniques such as dynamic ordinary least square, fully modified ordinary least square, dynamic fixed effect, and pooled mean group regression methods. Furthermore, we performed the Granger causality test, impulse response function, and variance decomposition analysis. In our long-run estimations, we found that foreign direct investment could significantly alleviate poverty but increases poverty in the short run. Instead, foreign aid plays no significant role in poverty alleviation. Moreover, economic growth and economic freedom are essential as our findings consistently exhibited that they play a crucial role in poverty alleviation. We also found bidirectional causality between poverty alleviation and population growth, while a unidirectional causal linkage was found from poverty alleviation to foreign aid. We conclude that policymakers should look at a new paradigm of developmental assistance, and governments should also create an aiding environment for foreign investment to support their growth plan.

show abstract

A Proposal for a New Universal Development Commitment

Cited by 5 publications

References 13 publications

Investigating the role of foreign capital inflows and economic freedom in poverty alleviation

Investigating the role of foreign capital inflows and economic freedom in poverty alleviation

‘It Takes Two to Tango’: South–South Cooperation Measurement Politics in a Multiplex World

Poverty Alleviation in Developing and Underdeveloped Countries. Do Foreign Capital and Economic Freedom Matter?

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