The real challenges to the existing international order will come not from the established or emerging powers, but from global forces that are beyond their control and also from those non-state entities and groups which seek to undermine the process of globalisation that links all states and societies ever closer together.
The questions now facing Europe concern our chances of surviving the next decades without the continuing downward economic spiral that many countries are facing.
Adapting development cooperation to the new aid ecosystem requires an understanding of how new players and new circumstances are changing aid effectiveness.
The global financial crisis that erupted in late 2007 in the US, and which stemmed from policies implemented over the past three decades, has highlighted a severe problem of financial governance within countries and in the international context itself.
The G-20 summit in Seoul has taken steps towards a global financial reform, the internal reform of the IMF and the establishment of a new development agenda.
Ireland’s banking crisis was described by the IMF in early 2009 as matching ‘episodes of the most severe economic distress in post-World War II history’, yet measures taken since 2008 to overcome it have only served to worsen the crisis.
Mineral and fuel abundance does not determine either the political or economic trajectory of less developed countries.
This ARI addresses the analytical and empirical links between resource extraction, governance and development, with a focus on the resource-curse thesis. The rent curse is rooted in policy failure, which the theory of rent cycling attributes to the impact of rent on elite incentives and also on development trajectory. The paper provides some examples of conditions that have facilitated this process in the context of Sub-Saharan Africa.
20 - 26 of 27 pages