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China in Africa: The Real Story

Developmental State Meets Post-2015 Development Finance

Deborah Brautigam

A really excellent background paper for the high level panel on the Post-2015 development agenda, by Jiajun Xu and Richard Carey on development finance: "The Renaissance of Public Entrepreneurship: Governing Development Finance in a Transforming World." Xu, a Ph.D. student at Oxford, and Carey, formerly a thought-leader at the Development Assistance Committee of the OECD (where I got to know him during my time with the China-DAC Study Group), argue that the frameworks set up by today's rich countries are undergoing a period of "creative destruction" as new actors rise, challenging the assumptions and the decisions by (essentially) the West. Thoughtful, pragmatic, and highly recommended.