1945

There have been substantial shifts in the system of official development assistance (ODA) over the past 60 years. Shifts in the dominant development ideas and in the relative economic power among countries have induced changes in the mechanisms and modalities of aid. The emergence of significant global economic players from the ranks of developing countries as well as the international philanthropy community is expected to initiate a new realignment which is already putting its stamp on the international aid system. The increased participation of new players, the ongoing deep rethinking of decades-old beliefs held on correct economic management approaches, the challenges facing donors in raising the aid resources required, and emerging development challenges, such as climate change, present both dilemmas and opportunities to those engaged in reshaping the global aid system.

Related Subject(s): Economic and Social Development
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