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Development Cooperation in Times of Crisis$
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José Antonio Ocampo and José Antonio Alonso

Print publication date: 2012

Print ISBN-13: 9780231159661

Published to Columbia Scholarship Online: November 2015

DOI: 10.7312/columbia/9780231159661.001.0001

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The New Face of Development Cooperation

The New Face of Development Cooperation

The Role of South-South Cooperation and Corporate Social Responsibility

(p.248) Chapter 6 The New Face of Development Cooperation
Development Cooperation in Times of Crisis

Francisco Sagasti

Fernando Prada

Mario Bazán

Jorge Chávez Granadino

Gonzalo Alcalde

Columbia University Press

This chapter discusses the arrival of new aid modalities and instruments that have led to the presence of new participants, including some from the private sector (firms, individuals, and foundations). Of note are the more recent aspects of international development finance: South–South Cooperation (SSC), and corporate social responsibility (CSR), both of which affect the mobilization of resources, aid, and international financing to a certain degree. SSC is becoming the new fashionable subject in discussions around reform of the international development cooperation system, which should be expanded and strengthened through the exchange of experiences, through the creation of funds to cover the incremental costs of cooperation, and through the involvement of developed countries in SSC via triangular cooperation. CSR and socially responsible investment, meanwhile, combine commercial and economic interests with altruistic and social benefit criteria.

Keywords:   South–South Cooperation, corporate social responsibility, aid, private sector, international development finance, international development cooperation system

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