Fast Facts: Development Cooperation in a Changing World
The landscape of aid has changed dramatically in the past 10 years.
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Asia has cut the number of extreme poor by 430 million from 2005 to 2010 but it remains home to two thirds of the world’s poor.
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Four fifths of the region’s population live in countries with rising inequality.
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Treating developing Asia as a single unit, its Gini coefficient – the most common measure of inequality – has worsened from 39 to 46 in the past 2 decades.
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If inequality had remained stable over the past 20 years in countries where it has risen, another 240 million more people could have escaped poverty.
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The south has been growing fast, accounting for 45% of world GDP in 2010, up from about 28% in 1990.
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Southern regions’ share of total world trade more than doubled from 7% to 17% between 1990 and 2009.
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Developing Asia accounts for about 75% of south-south trade, with the PRC alone accounting for about 40%.
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Duties imposed on south-south traded goods are significantly higher than those on goods traded between southern and northern regions.
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The average size of aid funding has been cut in half over the past 10 years.
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There are over 4,000 bilateral development programs in developing countries but half of them amount to less than 5% of total aid flows.
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Inefficiencies from fragmented donor programs may cost as much as $5 billion annually.
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Republic of Korea rose from 3rd world to developed status in a decade supported by global development assistance and is now a donor to its neighbors.
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At the Busan aid effectiveness forum in 2011, participants agreed to develop formal targets for measuring aid commitments by June 2012.