Creative Destruction of the Aid Industry?

Creative Destruction of the Aid Industry? “By 2025, it is possible that cash transfer systems will become the principal mode of providing assistance to poor people. If this happens, people-to-people international transfers could look more attractive and... More

Creative Destruction of the Aid Industry? “By 2025, it is possible that cash transfer systems will become the principal mode of providing assistance to poor people. If this happens, people-to-people international transfers could look more attractive and efficient than intermediation through foreign governments. ” Thus is one of the potentially disruptive 2025 scenarios discussed in Horizon 2025 – Creative Destruction of the Aid Industry by the Overseas Development Institute. The reports abstract states: ‘The global economic landscape has evolved dramatically since 2000: developing and emerging economies have been driving global growth, new sources of development finance have mushroomed and the diversification of actors, instruments and delivery mechanisms has continued. Transformations in the poverty map and new forces on the supply side of development finance are challenging the international development architecture. This paper aims to stimulate debate on the future of this archit Less