Geodynamics of Devt Finance

3 Credits · Level: Graduate

With the post-war system of financing development in profound transition, students will learn about the strategic forces shaping development finance over the next quarter century. The course will cover: (i) mega trends in the current state of development finance (fragmentation of projects, proliferation of donor agencies, extra-budgetary aid, and limited leverage) and their implication for bilateral v. multilateral aid; (ii) how is aid perceived by the recipient country?; (iii) the politics of aid--why do donors give aid, and why are some turning away?; (iv) how are China and other non-traditional donors changing the landscape? (v) the role of philanthropic aid, such as the Gates Foundation; (vi) can private capital replace official capital? and (vii) how can developing country governments manage development finance?