ISBN : 9780190851835
In a globalizing world, the world's wealthiest nations have found it increasingly difficult to insulate themselves from the residual impacts associated with underdevelopment abroad. Many of the ills associated with, and exacerbated by, underdevelopment cannot be confined within national borders. In Targeted Development, Sarah Blodgett Bermeo shows how wealthy states have responded to this problem by transforming the very nature of development policy. Instead of funding development projects that enhance human well-being in the most general sense, they now pursue a targeted strategy: advocating development abroad when and where it serves their own interests. In an era in which the ideology of globalism is in decline, targeted development represents a fundamental shift toward a realpolitik approach to foreign aid. Devising development plans that ultimately protect and benefit industrialized donor states now drives the agenda, while crafting effective solutions for deep-seated problems in the neediest nations is increasingly an afterthought.
1 Development as Self-Interest; 2 Targeted Development in Perspective; 3 Maximizing Utility vis-a-vis Developing Countries; 4 Re-orienting Foreign Aid; 5 Preferential Trade Agreements as Development Policy; 6 Climate Finance for Developing Countries; 7 Conclusion: Rethinking Development