The Global Strategic Effects of South-South Foreign Aid

States from the Global South, led by China, Venezuela, and Brazil, have become considerably more active in the foreign aid donor community in the past few years. This paper examines the strategic impact of the emerging foreign aid donors. The breadth and depth of the financial support provided by th...

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Bibliographic Details
Published in:The New England journal of political science 2015-04, Vol.8 (1), p.86
Main Author: Collins, Stephen D
Format: Article
Language:English
Subjects:
American history
Economic development
Foreign aid
Foreign policy
Funding
Grants
International relations
Objectives
Politics
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Summary:States from the Global South, led by China, Venezuela, and Brazil, have become considerably more active in the foreign aid donor community in the past few years. This paper examines the strategic impact of the emerging foreign aid donors. The breadth and depth of the financial support provided by the South-South aid donors is assessed, and the strategic motivations behind their aid programs are also analyzed. Finally, this work considers whether the growth of South-South aid has significantly diminished the ability of the US to leverage foreign aid to influence policy actions abroad. This study finds that the emerging rival aid programs have weakened the influence effect of US foreign aid. The neutralizing effects of South-South aid, however, are far more limited in comparison to the impact of aid competition during the bipolar era, as actual aid disbursements by the rising aid rivals are smaller than reported, counterbalancing actions tend to be more selective, and the long-term viability of some emerging aid programs remains uncertain.
ISSN:1550-1604