New Deal: Development Assistance in a Global Economy‪.‬

JAMES GUSTAVE SPETH is Administrator of the United Nations Development Programme. There is a disturbing paradox at the heart of international development cooperation. The paradox is that while the world's need for growing international development cooperation has increased and we have acquired the collective resources and technology to end mass poverty, support for such cooperation has waned. Indeed, the recent series of financial crises--having lead to fears of a global recession and increased poverty in many areas of the world--has exposed the need to resolve this paradox once and for all.