Have We Reached the End of International Development?

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As Trump’s administration looks set to slash the budget of USAID and May’s Conservative party debate the future of British donor support, what is the relevance of international development in a globalised world? Globalisation has not spread prosperity evenly, and especially has not brought wealth to Africa. One of the main outcomes and conditions of development grants, loans and debt relief has been to encourage economic liberalisation – the removal of barriers to trade and investment – to enable further integration into the world economy. An effect of globalisation has been increased Chinese investment in Malawi and other African nations. This new Asian superpower is becoming influential across the world’s poorest continent. China leads the way in extracting African natural resources and is now an increasingly important aid donor. Read more here.

Source: Transconflict

 

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