Beyond foreign aid : managing the wealth of nations as an international imperative for global wellbeing

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dc.contributor.advisor O'Malley, Anthony, 1947-
dc.creator Hernandez-Salazar, Eduardo
dc.date.accessioned 2017-09-27T14:40:40Z
dc.date.available 2017-09-27T14:40:40Z
dc.date.issued 2017
dc.identifier.other HC60 H475 2017
dc.identifier.uri http://library2.smu.ca/handle/01/27140
dc.description xvi, 525 leaves : colored illustrations ; 29 cm
dc.description Includes abstract.
dc.description Includes bibliographical references (leaves 478-525).
dc.description.abstract The taxonomy and architecture of foreign aid today is the result of a chaotic evolution that has made it into a flawed concept and project. The extensive literature on its effectiveness, dating almost as far back as aid’s own formal inception, has made issue of aspects related to volume, allocation and delivery; much less so of its paradigmatic conception. This literature has had little impact, so far. As a result, aid is increasingly considered to be relatively irrelevant as an agent of development, with perhaps a more tangible role in regard to humanitarian and reconstruction efforts. Based on the assessment that aid’s current paradigm rests on a dated economic growth model, an alternative model is proposed, leading to a new paradigm of “concerted wealth management.” A Wittgensteinian epistemological and ontological approach is followed, leading to a demarcation of what should or should not be the subject of the new paradigm. The resulting conceptual framework is built on the idea that it is through the management of wealth (i.e., its formation and use, and the prevention of its degradation, depletion, or destruction) that countries can achieve a self-reinforcing state, in which the wellbeing of the majority of its citizens is satisfied both in the short- and long-run. Value and wellbeing are conceived as an inter-temporal identity. The process through which wealth is managed, as well as the critical-paths that bound it, are situated in a possibility space defined by natural and socio-material limits (determined through a dynamic of rules and routines setting). These limits ensure that the physical realities of human existence (ecosystem) explicitly frame human activity. The actualization of value from wealth is contextual, and, long-term cycles (e.g., Kondratiev long-waves) provide such context. The wealth of nations is not defined by the monetary present value of the output expected from it over time, but by its increasing inter-temporal potential value (wellbeing) generating gradients. The ultimate goal of concerted wealth management is to achieve the convergence of better-off and worse-off countries in their respective capabilities and freedom to attain self-reinforcing state. Considerable practical implications result from the proposed new paradigm. en_CA
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dc.description.provenance Made available in DSpace on 2017-09-27T14:40:40Z (GMT). No. of bitstreams: 1 Hernandez-Salazar_Eduardo_PHD_2017.pdf: 3122103 bytes, checksum: 3c458e0a079dd93fbe8338605515cfe1 (MD5) Previous issue date: 2017-07-26 en
dc.language.iso en en_CA
dc.publisher Halifax, N.S. : Saint Mary's University
dc.subject.lcc HC60
dc.subject.lcsh Economic assistance -- Evaluation
dc.subject.lcsh Economic development
dc.subject.lcsh Wealth
dc.subject.lcsh Well-being
dc.title Beyond foreign aid : managing the wealth of nations as an international imperative for global wellbeing en_CA
dc.type Text en_CA
thesis.degree.name Doctor of Philosophy in International Development Studies
thesis.degree.level Doctoral
thesis.degree.discipline International Development Studies Program
thesis.degree.grantor Saint Mary's University (Halifax, N.S.)
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