King's College London

Research portal

A Proposal for a New Universal Development Commitment

Research output: Contribution to journalArticle

Andy Sumner, Nilima Gulrajani, Myles Wickstead, Jonathan Glennie

Original languageEnglish
Pages (from-to)478-485
Number of pages8
JournalGlobal Policy
Volume11
Issue number4
DOIs
Publication statusPublished - 1 Sep 2020

King's Authors

Abstract

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.

View graph of relations

© 2018 King's College London | Strand | London WC2R 2LS | England | United Kingdom | Tel +44 (0)20 7836 5454