Skip to main content

Hudson Institute Releases 2013 Index of Global Philanthropy and Remittances

Carol Adelman & Yulya Spantchak

WASHINGTON, Dec. 3, 2013 /PRNewswire-USNewswire/

New research published in Index of Global Philanthropy and Remittances: With a Special Report on Emerging Economies by Hudson Institute’s Center for Global Prosperity finds that emerging economies give substantial assistance to the developing world. The 2013 Index can be found at www.global-prosperity.org.

For the first time the Index includes the total economic engagement of four significant emerging economies: China, India, Brazil and South Africa. The report examines not just government aid, but all private financial flows, including global philanthropy, private capital investment, and remittances sent by migrants to their home countries.

Major Index findings include:

  • China, India, Brazil, and South Africa alone account for a disproportionate $103 billion in private flows compared to $577 billion from the 23 developed donor countries.
  • More than 95% of these emerging economies’ financial flows to developing countries are private, and less than 5% is government aid, a higher private proportion than developed countries.
  • Emerging economies are closer to the challenges of economic growth than developed countries and are thus closer to finding solutions to overcome these challenges. Their focus is on private sector-led growth through social entrepreneurship and local ownership.

The new Index will be launched with a panel discussion on Thursday, December 5, 2013 from 12:00 pm to 1:30 pm at Hudson Institute in Washington, D.C. Participants include Carol Adelman, Director of Hudson’s Center for Global Prosperity and co-author of the new report; Yulya Spantchak, Center for Global Prosperity, Hudson Institute; Tomicah Tillemann, U.S. Department of State; Alex Thier, United States Agency for International Development; and Dennis Whittle, Ashoka Foundation and co-founder of GlobalGiving.org. Members of the press and public are invited.

CONTACT:
Carolyn Stewart, 202-974-6456
Yulya Spantchak, 202-974-6440

Hudson Institute
1015 15th Street, N.W.
Suite 600
Washington, DC 20005

Join the conversation on Twitter at #CGPIndex, and follow: @HudsonCGP
@HudsonInstitute

Hudson Institute is a nonpartisan policy research organization dedicated to innovative research and analysis promoting security, prosperity, and freedom. http://www.hudson.org

Related Articles

Negative Rates Are Currency Manipulation

Brendan Brown

In an interview with Caroline Hepker and Roger Hearing on Bloomberg Daybreak Europe, Brendan Brown discusses negative interest rates and currency mani...

Listen Now

Trump Struggles to Ride the Jump

Irwin M. Stelzer

Christmas has come early for the politicians lusting after four years in the White House. “Santa” Jay Powell, chairman of the Federal Reserve Boar...

Continue Reading

Reaffirming NATO to Protect Transatlantic Security

Rebeccah L. Heinrichs & Tim Morrison

In November of last year, French President Emmanuel Macron gave a stunning interview to The Economist in which he said the world is experiencing ‘the ...

Continue Reading