sharing in governance of extractive industries
Just this week, I've published a paper relating to the impact of Brexit on UK development policy. It is available on Amazon, with the title 'DfID 2.0: UK development policy post Brexit'.
or you can get a link via https://www.stevemaceyconsulting.com/dfid-2-0-uk-development-post-b...;
The UK’s departure from the European Union (EU) is by far the biggest change to the UK’s foreign relations since World War II. It sees the repatriation of many powers relating to foreign affairs, trade and international development.
An underexplored subject in all the Brexit commentary both before and since the referendum is the impact Brexit could or will have on UK development policy, particularly the role of the Department for International Development (DfID). With the repatriation of trade policy, and the removal of the UK from the common agricultural policy, there is significant scope for the UK to develop it's own tailored trade and development approach to developing countries.
The UK is a generous aid donor, being one of the few rich economies to devote 0.7% of Gross National Income to development, a percentage of GNI which far exceeds that of the USA, France or Germany to name a few. It also has an open economy, and a desire to reduce many of the tariffs and non-tariff barriers which it has imposed as part of the EU.
Thus, this creates an exciting opportunity for UK policy makers to develop creative and tailored trade and development partnership with developing countries, which are also emerging markets which will play a growing role in world trade in the decades to come.
This book, written by a consultant with experience in many developing countries and for many international organisations, including DfID and the World Bank, sets out some thoughts for how UK development policy can adapt to this new world and can integrate closer trade relationships with developing countries into it's development policy.
Foremost amongst the reforms are that DfID should remain a stand-alone department but should renamed the Department for International Partnerships. This reform will refocus the department on establishing partnerships between the UK and developing countries which will include deep trade agreements alongside UK provided development.
The paper additionally argues that the UK's primary advantage in the development sector is its provision of high quality technical assistance, understandable given the UK strengths in the services industry. UK consulting expertise in government and economic reform should play a growing role in UK development policy as part of a strategic initiative to combine UK's development agenda with its trade agenda.
Hope you enjoy reading,
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