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Europe and the reshaped global order / Policy Brief

Why Europe must tune-in to the multi-polar development agenda

25/07/2011 By Nils-Sjard Schulz

While wealth and knowledge are shifting away from the West, Europe remains frozen in its post-colonial, inward-looking stance towards the development agenda. Its short-sighted push for continued control over the International Monetary Fund constitutes yet another step away from innovative development policy-making. Meanwhile, developing countries from all regions are becoming increasingly self-confident providers of ideas and resources, but are reluctant to engage formally in the global development institutions. In this changing dynamic, Europe’s future role in the international community will largely depend on a better understanding of the global governance of development, but also on building stronger peer-to-peer relations with the still hesitant emerging economies and other developing countries.

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Keywords

Brazil China Development EU Europe European Union India Multipolarity Russia

Bio author: Nils-Sjard Schulz

Global governance of aid. Aid policy and effectiveness. Donor harmonisation. International division of labour. South-South cooperation.