Abstract
Development aid amid the turmoil of financial globalisation. Since the 1980’s, a decade marked by a distinct trend towards globalisation, public development aid has become marginalised and de-legitimised by a flood of private investment, strongly supported by triumphant neo-liberal rhetoric. Private financing has imposed its own ways of selecting places for investment and its own vision of development conditions. This has led public development aid to become specialised in the financing of the most marginal of countries, particularly those from the African continent, and to be a way of putting pressure on governments to run liberal economic policies. The Asian crisis has broken some. The beliefs that were conveyed in this way and has brought the question of how to finance development back to the fore.
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