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Thursday 17 Aug 2017 | 20:23 | SYDNEY
Thursday 17 Aug 2017 | 20:23 | SYDNEY

Aid & development linkage

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COMMENTS

3 June 2010 08:22

  • William Easterly asks whether Africa was set up to fail on the Millennium Development Goals. Easterly is one of the few academics who continuously stimulates debate and discussion on aid and development. If you find yourself with a spare 45 minutes, check out this video debate where he gently spars with Princeton Professor of Bioethics, Peter Singer.
  • The World Bank's 2010 Annual Bank Conference on Development Economics (ABCDE) is underway in Stockholm. This year's theme is 'Development challenges in a post-crisis world'. The agenda is littered with high-level World Bank personnel and prestigious US and UK professors. Considering the 2010 theme, it's interesting that there seems to be no speaking slots allocated to the private sector. The Swedish Government has put a number of presentations online.
  • Perhaps the greatest tool available to developing countries to bring people out of poverty is ensuring the availability of education. This is one very fundable Millennium Development Goal that donor and recipient country usually see eye-to-eye on. AusAID, in association with a host of development partners, has thrown its weight behind 1GOAL, a campaign for the 2010 FIFA World Cup to ensure every child worldwide has the opportunity to gain an education. Last week, 1GOAL released a 10-point action plan to deliver 'Education for All'. Attached was a warning that failure by world leaders to deliver on their promise of education for every child could cost developing countries up to $70 billion per year in lost economic growth.
  • Jeffrey Sachs has written a thought-provoking article, 'Development Aid in 5 Easy Steps', for Project Syndicate, a provider of op-ed commentary free of charge or at reduced rates to developing countries. The article toys with a number of big ideas, including a proposal that every billionaire should contribute 0.7% of their income to developing countries (perhaps obscenely profitable multinationals should do the same?). He also discusses the role and potential of new donor countries and the possibility of an international bank tax.
  • Jeff Sachs is not the only one pushing the idea of an international bank tax and, in fact, the concept is gaining momentum in the UK. Known as the 'The Robin Hood Tax', it is claimed that this tiny tax on banks, hedge funds and finance institutions could raise up to $400 billion annually to tackle poverty and climate change. The concept recently trickled down to Australia. A brilliant Bill Nighy explains the details of the Robin Hood Tax here.

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