blog Global Public Investment: 'An inspiring proposal for the future of aid' by Jonathan Glennie - Joep Lange Institute

Jonathan Glennie @ UNGA

On 25 September, our Principal Associate Jonathan Glennie launched his latest paper titled Global Public Investment during the UN General Assembly.

“The language and theory of Aid is outdated”. But the world still needs something like it. So what is the way forward to create a fairer, safer, healthier, more prosperous planet?”

In it he provides a vision of a renewed and revamped understanding of the role and nature of official development assistance (ODA) and other types of concessional international public finance.

Jonathan states the language and theory of “aid” is outdated. But something like it is still needed as the world faces huge communal challenges, new and old. This report sets out a new approach for the 21st century, which he calls Global Public Investment. Jonathan proposes FIVE paradigm shifts for the future of concessional international public finance, as we move on from an old-fashioned “aid” mentality:

  1. Ambition–From reducing poverty to reducing inequality
  2. Function–From quantity to unique characteristics
  3. Geography–From north-south to universal
  4. Governance–From closed to accountable
  5. Narrative–From charity to investment

From our experience, we know that the conduct of modern day aid is far from optimal. Things have to change and the world of international development should embrace Glennie’s ideas. There’s much to gain. Let us work together in transforming our global effort in a more honest and transparent way.

Download the Global Public Investment-Executive Summary  and the Global Public Investment-Full Report to learn more about the future of aid.


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