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Unpack the central concepts of financial globalisation and aid and study their impact on the poor

This micro credential aims to address the extent to which the pool of financial resources, available globally from both public and private sources, can be navigated (better) to act as a positive force for development and poverty reduction, first and foremost in the global South, and, as such, contribute to the realization of internationally-agreed development goals, such as the 2030 SDGs. The first part of the course looks at this process from the perspective of the capital dimension of the globalization process (financial globalization), i.e. the intensification of cross-border financial transactions at the global level and the increased openness of countries to be included in those processes. As such, it looks at both private (in the form of foreign direct and portfolio investment, foreign loans and deposits) as well as public (official, such as development aid) sources of finance. In doing so, this part focuses on the relationship between financial globalization and development. In a second part this course zooms in on financial resources coming from more public, concessional sources, i.e. the relationship between aid and development, looking at the evolution in theories and paradigms about this relation, while also studying the evolving global development aid architecture, its main actors, incentives, and its successes and failures in stimulating development. While doing so, it also discusses and critically assesses how aid can crowd-in more private sources of finance.

• Master / Bachelor students in Social Sciences (Development Studies, Political Science, economics, international relations, …) or related disciplines with a specific interest in topics on globalization, finance, aid, public goods, … 
• Development practitioners (donor organizations, NGOs, international institutions, social movements) 
• Government officials and policy makers active in the development / finance/ economic policy field 
• IOB Alumni who would like to update/ extend their knowledge on this topic