Combating Global Poverty

Investing in the Governance and Growth Nexus

Business & Finance, Economics, Economic Development, Nonfiction, Social & Cultural Studies, Political Science, International, International Security
Cover of the book Combating Global Poverty by Conor M. Savoy, Center for Strategic & International Studies
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Author: Conor M. Savoy ISBN: 9781442228047
Publisher: Center for Strategic & International Studies Publication: December 18, 2013
Imprint: Center for Strategic & International Studies Language: English
Author: Conor M. Savoy
ISBN: 9781442228047
Publisher: Center for Strategic & International Studies
Publication: December 18, 2013
Imprint: Center for Strategic & International Studies
Language: English

Although funding for governance and economic growth is a part of U.S. foreign aid, it remains a relatively low priority in spite of rhetorical pronouncements to the contrary. There is significant reason, however, to reverse this trend and return to a focus on governance to ensure broad-based economic growth across the developing world. In particular, the rise of emerging economies that can increasingly contribute to their own development means the United States could reduce its focus on basic human needs and toward the growth and governance nexus. This will require a shift in how the United States programs its people, time, and money in delivering foreign assistance.

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Although funding for governance and economic growth is a part of U.S. foreign aid, it remains a relatively low priority in spite of rhetorical pronouncements to the contrary. There is significant reason, however, to reverse this trend and return to a focus on governance to ensure broad-based economic growth across the developing world. In particular, the rise of emerging economies that can increasingly contribute to their own development means the United States could reduce its focus on basic human needs and toward the growth and governance nexus. This will require a shift in how the United States programs its people, time, and money in delivering foreign assistance.

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