VDM Fürthaller Christine: Meeting the Development Challenge

For decades donors have discussed the composition of ideal development aid - without any concrete results. Since the end of the Cold War, Official Development Assistance has been in constant decline. The number of multinational firms investing in developing countries is still small and perception of such investments largely negative. Is it possible to effectively combine commercial and political interests to pursue developmental aims without jeopardizing the same? After a short situational analysis, Christine Fürthaller reveals some problems concerning the current aid system and then explores other capital flows to the Third World including Foreign Direct Investment and remittances. Synergies between these flows will be highlighted before looking into the current state of international discussions at the UN, World Bank, OECD and EU level. The book ends with general suggestions for improvement of the current system and possible future synergies.