International cooperation has never been more needed, but the current system of “aid” is outdated and ineffective. The Future of Aid calls for a wholesale restructuring of the aid project, a totally new approach fit for the challenges of the 21st century: Global Public Investment. Across the world, billions of people are struggling to get by in unequal and unsustainable societies, and international public finance, which should be part of the answer, is woefully deficient. Engagingly written by a well-known expert in the field, The Future of Aid calls for a series of paradigm shifts. From a narrow focus on poverty to a broader attack on inequality and sustainability. From seeing international public money as a temporary last resort, to valuing it as a permanent force for good. From North-South transfers to a collective effort, with all paying in and all benefitting. From outdated post-colonial institutions to representative decision-making. From the othering and patronising language of “foreign aid”, to the empowering concept of Global Public Investment. Ten years ago, in The Trouble with Aid, Jonathan Glennie highlighted the dangers of aid dependency and the importance of looking beyond aid. Now he calls for a revolution in the way that we think about the role of public money to back up our ambitious global objectives. In the wake of the COVID-19 crisis, it is time for a new era of internationalism.

Africa is poor. If we send it money it will be less poor. It seems perfectly logical, doesn't it? Millions of people in the rich world, moved by images on television and appalled by the miserable conditions endured by so many in other countries, have joined campaigns to persuade their governments to double aid to Africa and help put an end to such shameful inequality. It seems simple. But it isn't. In this book, Jonathan Glennie argues that, along with its many benefits, government aid to Africa has often meant more poverty, more hungry people, worse basic services and damage to already precarious democratic institutions. Moreover, calls for more aid are drowning out pressure for action that would really make a difference for Africa’s poor. Rather than doubling aid to Africa, it is time to reduce aid dependency. Through an honest assessment of both the positive and negative consequences of aid, this book will show you why.

The authors discuss the impact of foreign aid and tackle the question of why assessing the impact of aid is so difficult. The authors focus on peer-reviewed, cross-country studies published over the last decade and draw together some global-level assessments, considering the context and conditions under which aid might be said to ‘work’. Glennie and Sumner argue that the evidence in four areas shows signs of convergence that may have direct relevance for policy decisions on aid and for aid effectiveness discussions. These are as follows: Aid levels (meaning if aid is too low or too high); Domestic political institutions (including political stability and extent of decentralisation); Aid composition (including sectors, modalities, objectives and time horizons); and Aid volatility and fragmentation. Notably, this study finds that there is no consensus that the effectiveness of aid depends on orthodox economic policies.

Africa is poor. If we send it money it will be less poor. It seems perfectly logical, doesn't it? Millions of people in the rich world, moved by images on television and appalled by the miserable conditions endured by so many in other countries, have joined campaigns to persuade their governments to double aid to Africa and help put an end to such shameful inequality. It seems simple. But it isn't. In this book, Jonathan Glennie argues that, along with its many benefits, government aid to Africa has often meant more poverty, more hungry people, worse basic services and damage to already precarious democratic institutions. Moreover, calls for more aid are drowning out pressure for action that would really make a difference for Africa's poor. Rather than doubling aid to Africa, it is time to reduce aid dependency. Through an honest assessment of both the positive and negative consequences of aid, this book will show you why.

How much do we really know about how our governments spend money beyond our borders? While there has been much talk about the money spent on development and humanitarian causes, international public spending is a much larger and more complex enterprise, encompassing military interventions, investment in research, cross border crime control, and much more. While such ventures are beset by problems, they have also proven to be the source of innovation and positive investment. Spending Beyond Our Borders goes beyond the current focus on development aid to consider the impact of international public finance more broadly. As Jonathan Glennie and Gail Hurley show, from global health funds to investment in green infrastructure, international public finance is rapidly evolving in response to the challenges of the modern world. As a result, they argue that aligning international public finance with the larger objectives of international development will be crucial if we are to meet the United Nation's Sustainable Development Goals to end poverty, fight inequality and injustice, and tackle climate change by 2030. As Spending Beyond Our Borders reveals, to do this will require wider recognition of the invaluable contribution that international spending has made to our shared interests.

The new role that middle-income countries (MICs) play in the global landscape obliges international community to review the configuration of the development cooperation system. On the one hand, MICs still face considerable structural deficits that affect their process of development; on the other, international community needs MICs to participate more intensively in the international agenda. Development cooperation can support both purposes, although for that to happen, substantial changes are required in traditional approaches and procedures of current international aid. This paper analyses these subjects with the objective of helping decision-makers come to good decisions.

Most Organization for Economic Co-operation and Development countries have accepted, in principle at least, the 50-year-old commitment of contributing 0.7 per cent of gross national income to supporting the development of countries in the Global South. But what if all countries made a universal development commitment, meaning a scaled contribution? We propose a new universal and scaled financial commitment to development, informed by but not necessarily identical to official development assistance. This paper: (i) sets out how a new era is emerging of fewer very poor countries and higher global ambitions-for example, to end poverty; (ii) proposes a new way to raise and govern international public funds; (iii) discusses the possible size and use of contributions, and the evolution in global governance and democracy that a new deal would entail. We conclude with a set of questions that the proposal raises.