Southern-Led Development Finance POD/NR

Southern-Led Development Finance

International Edition
About the Book

Southern-Led Development Finance examines some of the innovative new south-south financial arrangements and institutions that have emerged in recent years, as countries from the Global South seek to transform their economies and to shield themselves from global economic turbulence.

Even before the Covid-19 crisis, it was clear to many that the global economy needed a reset and a massive increase in public investment. In the last decade southern-owned development banks, infrastructure funds, foreign exchange reserve funds and Sovereign Wealth Funds have doubled the amount of long-term finance available to developing countries. Now, as the world considers what a post-Covid-19 future will look like, it is clear that Southern-led institutions will do much of the heavy lifting. 

This book brings together insights from theory and practice, incorporating the voices of bankers, policymakers and practitioners alongside international academics. It covers the most significant new initiatives stemming from Asia, tried and tested examples in Latin America and in Africa, and the contribution of advanced economies. Whilst the book highlights the potential for Southern-led initiatives to change the global financial landscape profoundly, it also shows their varied impacts and concludes that more is needed for development than just the technical availability of funds.

As governments and businesses become frustrated by the traditional North-dominated mechanisms and international financial system, this book argues that southern-led development finance will play an important role in the search for more inclusive, equitable and sustainable patterns of investment, trade and growth in the post-Covid landscape. It will be of interest to practitioners, policy makers, researchers and students working on development and finance everywhere.

About the Author:

Diana Barrowclough is Senior Economist at UNCTAD, based in Geneva, Switzerland.

Kevin P. Gallagher is Professor of global development policy in the Frederick S. Pardee School of Global Studies and co-director of the Global Economic Governance Initiative at Boston University, USA.

Richard Kozul-Wright is Director of the Globalisation and Development Strategies Division in UNCTAD, Switzerland.

Book Details
ISBN-13: 9781138391239
Publisher: Routledge
Publisher Imprint: Routledge
Height: 234 mm
No of Pages: 320
Series Title: Rethinking Development
Weight: 625 gr
ISBN-10: 1138391239
Publisher Date: 30 Sep 2020
Binding: Hardback
Language: English
Returnable: N
Spine Width: 19 mm
Width: 156 mm
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