BRICs’ Philosophies for Development Financing and Their Implications for LICs
Author/Editor: Nkunde Mwase, Yongzheng Yang
Release Date: © March, 2012
ISBN
: 978-1-47550-226-8
Stock #: WPIEA2012074
English
Stock Status: On back-order
Languages and formats available
English | French | Spanish | Arabic | Russian | Chinese | Portuguese | |
Paperback | Yes | ||||||
Yes |
Description
Flows of development financing from the BRICs (Brazil, Russia, India, and China) to low income countries (LICs) have surged in recent years. Unlike aid from traditional donors, BRICs (excluding Russia) view their financing as primarily based on the principles of South-South cooperation, focusing on mutual benefits without attachment of policy conditionality. This paper provides an overview of the philosophies and modalities of BRIC financing and examines their implications for LIC economies and future LIC-BRIC engagement.
Taxonomy
Debt , Development assistance , Economic development , Economic policy , Fiscal policy
More publications in this series: Working Papers
More publications by: Nkunde Mwase ; Yongzheng Yang