The Political Economy of International Development Cooperation

Roukanas, Spyros and Pásztor, Szabolcs (2023) The Political Economy of International Development Cooperation. In: Security, Resilience and Sustainability of the European Union. Ludovika Egyetemi Kiadó, Budapest, pp. 199-212. ISBN 9786156598042

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Abstract

The outbreak of the Covid-19 pandemic has impacted the prospects of European as well as world economy. Almost 14 months after the manifestation of the pandemic, European economy and world economy are facing a more severe economic crisis in comparison with the financial crisis of 2007–2009. The aim of this article is to analyse the political economy of international development cooperation under the prism of the Covid-19 pandemic. The negative economic growth rates that the developed countries are facing have negative effects on international development cooperation. At the same time, the negative economic growth rates of developing economies are creating urgent challenges for certain developing countries. The analysis focuses on the tools that are available to both developed and developing countries in order to face the main challenges of international development cooperation under the prism of the Covid-19 pandemic, with a special focus on European Union security related issues.

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