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Most developed countries have accepted, in principle at least, the 50‐year‐old commitment of contributing 0.7 per cent of gross national income to supporting the development of developing countries. But what if all countries made a universal development commitment, meaning a scaled contribution? We propose a new universal and scaled financial commitment to development, informed by but not necessarily identical to official development assistance. This paper: (1) sets out how a new era is emerging of higher global ambitions – for example, to end poverty; (2) proposes a new way to raise and govern international public funds; and (3) discusses the possible size and use of contributions, and the evolution in global governance and democracy that a new deal would entail. We conclude with a set of questions that the proposal raises. In the end, making progress on a universal development commitment of this kind, as with so much else, will depend on politics and what numbers and percentages prove acceptable to all parties involved. [ABSTRACT FROM AUTHOR]

This is a survey paper on aid effectiveness in terms of the contribution of development assistance to economic growth and poverty reduction. The article focuses primarily on the most recent generation of cross-country studies. It concludes that there is a set of broad areas where the evidence reviewed shows signs of convergence that have direct relevance for policy decisions on aid and for aid-effectiveness discussions. These areas are: aid levels (meaning if the level of aid is too low or too high); domestic political institutions (including political stability and the extent of decentralisation); the composition of aid (including sectors, modalities, objectives and time horizons); and the volatility and fragmentation of aid. We also identify two areas where there is little sign of convergence in the evidence: the importance or otherwise of 'good', meaning orthodox macroeconomic policies and whether grants are more effective than loans. [ABSTRACT FROM AUTHOR]

The article offers information on the Conservative Green paper released by Conservative Party to improve the contribution of Great Britain to gross national income. It mentions that Green Paper was written at the time of recession. It mentions that Green Paper focuses on the role of corporate contributions to international aid.

The article offers information on the Conservative Green paper released by Conservative Party to improve the contribution of Great Britain to gross national income. It mentions that Green Paper was written at the time of recession. It mentions that Green Paper focuses on the role of corporate contributions to international aid.