Horizon 2025: Creative Destruction in the Aid Industry
In a new report, Homi Kharas and Andrew Rogerson write that by 2025, the world will be home to trillion-dollar economies in Brazil, Russia, India, Indonesia, Turkey, China, Poland and Saudi Arabia; and 78 percent of the global middle class will be from developing countries. As a result, global poverty will be overwhelmingly concentrated in fragile statesmainly low-income and African. Kharas and Rogerson stress that aid agencies must adapt to these new realities, or face their own irrelevance.
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In a new report, Homi Kharas and Andrew Rogerson write that by 2025, the world will be home to trillion-dollar economies in Brazil, Russia, India, Indonesia, Turkey, China, Poland and Saudi Arabia; and 78 percent of the global middle class will be from developing countries. As a result, global poverty will be overwhelmingly concentrated in fragile statesmainly low-income and African. Kharas and Rogerson stress that aid agencies must adapt to these new realities, or face their own irrelevance.
Read the paper »