The paradox of aid effectiveness: Some reflections on busan
Prof Charles Gore, UNCTAD Special Coordinator for Research and Policy Analysis and Honorary Professor in Economics, University of Glasgow Business School
Tue 14 Feb 2012, 5.30pm
Sir Charles Wilson Lecture Theatre, University of Glasgow, Campus Map Location E15
At the end of 2011, the Fourth High Level Forum on Aid Effectiveness (HLF4), the largest recent global meeting on development aid (3000 participants from 160 countries), took place in Busan, South Korea. Although the two major themes of the Forum were how much progress had been made by donors and recipients on quantitative indicators of aid effectiveness and how to move beyond aid effectiveness to a broader vision of effective development cooperation, the location of HLF4 in Korea underlined a paradox. The Korean case shows how countries could make the transition from least developed country to OECD member within 40 years and effectively eliminate extreme poverty. But donors are not using aid to support such a development transition.
Extending remarks originally made at a pre-HLF4 event organized by the Korean Development Institute and Korean Association of Development and International Cooperation, Professor Gore explores the underlying reasons for this paradox of aid effectiveness and suggests ways to resolve the paradox.
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