by Carol Adelman, et al.
December 04, 2013
Of the total financial flows from developed to developing countries, over 80% are private. Government aid, at less than 20%, is now a minority shareholder, the opposite of 40 years ago. The growing elite of emerging economies, called the “BRIC”s – Brazil, Russia, India, and China–are now engaging in overseas philanthropy and government aid. They are being joined by other countries such as South Africa, Turkey, and Mexico, whose overseas private aid flows are also growing. To fully understand the state of the developing world, we must understand these countries’ total economic engagement with both developed and emerging economies. This year’s Index has added research and analysis on four emerging economies, including Brazil, China, India, and South Africa.