Urging developed nations to grab hold of a unique opportunity and improve their support system for ailing nations, the contributors to this volume revisit the causes of the 2008 collapse and the ongoing effects of recession on global and developing economies. They reevaluate the international response to crisis and suggest more effective approaches to aid, particularly ones that fit the new financial architecture now taking shape across the globe. Experts on international aid and members of the European Union come together to redesign the cooperation system and its governance, so it can accept new actors and better achieve the Millennial Development Goals of 2015 within the context of severe crisis. In the introduction, José Antonio Ocampo and José Antonio Alonso summarize the contents of the different chapters and the implications of their analyses. They conclude with a frank assessment of the imbalances in the global economy and how increased cooperation can rectify these inequalities.
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José Antonio Alonso is director of the Complutense Institute for International Studies (ICEI) and professor of applied economics at the Universidad Complutense of Madrid. He is a member of the Committee for Development Policy at the United Nation's Economic and Social Council (ECOSOC) and the editor of Principios: Estudios de Economía Política. His most recent books are Acción Colectiva y Desarrollo: el Papel de las Instituciones, coauthored with Carlos Garcimartín, and Corrupción, Cohesión Social y Desarrollo, coedited with Carlos Mulas-Granados.
José Antonio Ocampo is professor in the School of International and Public Affairs and fellow of the Committee on Global Thought at Columbia University. He has been a member of the United Nations Commission of Experts on Reforms of the International Monetary and Financial System and has served as Under-Secretary-General of the United Nations for Economic and Social Affairs, Executive Secretary of the United Nations Economic Commission for Latin America and the Caribbean, and Minister of Finance, Agriculture, and Planning for Colombia. His most recent books are Handbook of Latin American Economics, coedited with Jaime Ros, and Time for a Visible Hand: Lessons from the 2008 World Financial Crisis, coedited with Stephany Griffith-Jones and Joseph E. Stiglitz.
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