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- Author: Conor M. Savoy
- Publication Date: 12-2013
- Content Type: Working Paper
- Institution: Center for Strategic and International Studies
- Abstract: Foreign aid donors face a changed development landscape that necessitates a new approach to programming resources. In the last 20 years, countries across the developing world demo cratized, began to improve their governance, and experienced substantial economic growth. Yet, significant challenges remain that must be tackled, many of which fall within the governance and growth nexus. These issues—government effectiveness, rule of law, regulatory policies related to the business and investment climate, and barriers to entry to the formal economy—are the preeminent challenges to expanding broad- based economic growth and continuing to reduce global poverty. The United States needs to shift its focus away from meeting basic human needs toward broader institutional development if it is to increase support for the governance and growth nexus. U.S. foreign aid is overwhelmingly directed toward global health and the delivery of other public goods. This must change.
- Topic: Security, Development, Education, Emerging Markets, Health, Poverty, Foreign Aid
- Political Geography: United States, United Kingdom