ABSTRACT
In the final chapter we take a step back to survey this broader landscape and discuss how the system as a whole needs to be re-purposed and better managed with the common good in mind. The shifts in approach we propose for concessional finance can also be applied to other areas of international cooperation. We close with a call for a new era of internationalism. The concept of sending money to far-flung places without even the assurance that it will achieve its objectives is proving a hard one for many politicians and their constituents to fathom. So a major transformation in our horizons is needed if we are to respond to our common 21st century challenges: from foreign to global. This new concept of Global Public Investment could lead to a better, more modern, more respectful narrative around international development and cooperation. Rather than continuing the old myth of charity, we could start to use the more powerful language of solidarity, partnership, investment and mutual benefit. And rather than seeing global problems as foreign, “over there”, we could make further strides forward in our understanding of our one common home – the Earth.
