EVENT:

On October 24th, 2017, the AidData-hosted event, Tyranny of Averages: Are we worsening inequality within countries?, brought together Amanda Glassman (CGD), Caroline Heider (World Bank), Selim Jahan (UNDP), Kevin Croke (World Bank), Bradley C. Parks (AidData) and Samantha Custer (AidData) for an engaging panel discussion on issues of inequality and aid targeting addressed by the report. Watch the recording or read a summary of the remarks.

Journal Article

Rising Powers and the Regime for Development Finance

Date Published

Sep 1, 2014

Authors

Michael J. Tierney

Publisher

Citation

Tierney, M. J. (2014). Rising Powers and the Regime for Development Finance. International Studies Review, 16(3), 452-455. doi:10.1111/misr.12153

Update: A revised version of this paper has been published in Health Economics.

Journal Article

Rising Powers and the Regime for Development Finance

Date Published

Sep 1, 2014

Authors

Michael J. Tierney

Citation

Tierney, M. J. (2014). Rising Powers and the Regime for Development Finance. International Studies Review, 16(3), 452-455. doi:10.1111/misr.12153

The 2013 BRICS summit in Durban, South Africa, attended by the leaders of Brazil, Russia, India, China, and South Africa, produced a joint declaration that simultaneously heralded a new ÒBRICS Development BankÓ and demanded the reform of existing Òinternational financial institutions to make them more representative and to reflect the growing weight of BRICS and other developing countriesÓ (eThekwini Declaration 2013). As they had at previous summits, the BRICS demanded reform of Òthe prevailing global governance architectureÓ that was conceived over six decades ago. As Edward Mansfield (this issue) explains, international relations theory suggests that rising powers may seek to reform existing institutions or create new ones to challenge the prevailing system (Gilpin 1987; Hawkins, Lake, Nielson, and Tierney 2006). In the area of development finance, the BRICS appear to be attempting both. However, their rhetorical consensus obscures serious differences that make it unlikely we will observe sudden or substantial changes in the global development finance regime that was designed to set standards and enhance cooperation among Western donors. Further, while BRICS donors will become more important sources of development finance, they show little interest in joining the existing regime.

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