Magazine article Public Finance

It's a Small World

Magazine article Public Finance

It's a Small World

Article excerpt

Look for prime minister Th eresa May in the recent photo of world leaders at September's G20 summit in Hangzhou and it might take you a while to fi nd her. She's there, tucked away, second from the left of the second row. Meanwhile, the front and centre of the photograph is dominated by leaders from China, India, Brazil, South Africa, Korea and Turkey.

Th e British press had some fun speculating that May's corner spot represented a stern rebuke from the global community, furious over June's Brexit vote. Many a true word is spoken in jest - although the world order is surely being shaken up, with new countries rising to challenge the dominance of the old powers.

In this internationally themed issue, we refl ect on some global shifts, taking a look at how the aid landscape is moving away from the western-dominated "humanitarian club" (page 20). Turkey, for instance, was a major funder of humanitarian aid last year, second only to the US. In the wake of the global fi nancial crisis, and perhaps with populations turning more insular and less inclined to generosity, wealthier nations are struggling to meet funding demands, while the responses of some big NGOs have been criticised for being sluggish and ineff ective.

It is no surprise then that developing countries are becoming donors and - importantly - facilitators and enablers. Th ey know their localities better than anyone and are increasingly able to shoulder a greater share of funding. …

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