• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

Small Habits That Make A Big Difference

April 23, 2026

States Stockpile Gold Bars To Hedge Against Inflation

April 23, 2026

Hilarious Sayings for a Happy Start to Summer

April 23, 2026
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Thursday, April 23
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Security video shows brazen sexual assault of California woman by homeless man

    October 24, 2023

    Woman makes disturbing discovery after her boyfriend chases away home intruder who stabbed him

    October 24, 2023

    Poll finds Americans overwhelmingly support Israel’s war on Hamas, but younger Americans defend Hamas

    October 24, 2023

    Off-duty pilot charged with 83 counts of attempted murder after allegedly trying to shut off engines midflight on Alaska Airlines

    October 23, 2023

    Leaked audio of Shelia Jackson Lee abusively cursing staffer

    October 22, 2023
  • Health

    Disparities In Cataract Care Are A Sorry Sight

    October 16, 2023

    Vaccine Stocks—Including Pfizer, Moderna, BioNTech And Novavax—Slide Amid Plummeting Demand

    October 16, 2023

    Long-term steroid use should be a last resort

    October 16, 2023

    Rite Aid Files For Bankruptcy With More ‘Underperforming Stores’ To Close

    October 16, 2023

    Who’s Still Dying From Complications Related To Covid-19?

    October 16, 2023
  • World

    New York Democrat Dan Goldman Accuses ‘Conservatives in the South’ of Holding Rallies with ‘Swastikas’

    October 13, 2023

    IDF Ret. Major General Describes Rushing to Save Son, Granddaughter During Hamas Invasion

    October 13, 2023

    Black Lives Matter Group Deletes Tweet Showing Support for Hamas 

    October 13, 2023

    AOC Denounces NYC Rally Cheering Hamas Terrorism: ‘Unacceptable’

    October 13, 2023

    L.A. Prosecutors Call Out Soros-Backed Gascón for Silence on Israel

    October 13, 2023
  • Business

    States Stockpile Gold Bars To Hedge Against Inflation

    April 23, 2026

    EXCLUSIVE: Biden-Era Rule Screws Over Top US Truck Maker As Diesel Plans Grind To A Halt

    April 22, 2026

    Panel Makes Case For Turbocharging American Innovation At Daily Caller Live Event

    April 21, 2026

    EXCLUSIVE: Florida AG Launches Antitrust Probe Into Plastic Organizations’ Costly Climate Goals

    April 21, 2026

    Tim Cook Announces Exit As Apple CEO

    April 20, 2026
  • Finance

    How Long Can Kyrgyzstan’s Economic Boom Keep Booming?

    February 18, 2026

    Ending China’s De Minimis Exception Brings 3 Benefits for Americans

    April 17, 2025

    The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

    April 17, 2025

    Tariff Talks an Opportunity to Reinvigorate the Japan-US Alliance

    April 17, 2025

    How China’s Companies Are Responding to the US Trade War

    April 16, 2025
  • Tech

    Cruz Confronts Zuckerberg on Pointless Warning for Child Porn Searches

    February 2, 2024

    FTX Abandons Plans to Relaunch Crypto Exchange, Commits to Full Repayment of Customers and Creditors

    February 2, 2024

    Elon Musk Proposes Tesla Reincorporates in Texas After Delaware Judge Voids Pay Package

    February 2, 2024

    Tesla’s Elon Musk Tops Disney’s Bob Iger as Most Overrated Chief Executive

    February 2, 2024

    Mark Zuckerberg’s Wealth Grew $84 Billion in 2023 as Pedophiles Target Children on Facebook, Instagram

    February 2, 2024
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Finance»What Difference Can Australian Development Assistance Make?
Finance

What Difference Can Australian Development Assistance Make?

September 29, 2023No Comments4 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
What Difference Can Australian Development Assistance Make?
Share
Facebook Twitter LinkedIn Pinterest Email

Oceania | Economy | Oceania

As a wealthy country in a developing region, Australia can and should do more to assist its regional neighbors in developing. 

Advertisement

Australia holds a distinctive position within the Organization for Economic Cooperation and Development (OECD) in that it is a developed country in a mostly developing neighborhood. Of its neighbors, only Singapore, New Zealand, and Brunei are similarly high income countries. This should make development assistance a pronounced tool of Australian statecraft, not only as a way to engage with the concerns of its neighborhood, but as an investment to enhance the common prosperity of the region – something that would be highly advantageous to Australia. 

In her address to the United Nations General Assembly last week, Australian Foreign Minister Penny Wong spoke extensively about development assistance. She spoke of the displaced and hungry, of those affected by climate change-induced extreme weather events, and how the COVID-19 pandemic had pushed over 100 million people back into poverty. The speech was designed to project the image of Australia as a responsible international actor, one that recognizes the most pressing global problems and is willing and able to assist with solutions. 

Wong quite rightly stated that “Australia’s investments are a statement of our belief that social and economic progress are preconditions for peace.” Yet there is one glaring detail that contrasts with the content and tone of Wong’s speech – among OECD countries Australia has one of the lowest contributions to development assistance as a percentage of GDP. The money Australia is willing to spend on development assistance doesn’t match the country’s rhetoric. 

See also  US Treasury pushing development banks for progress on next phase of reforms by April

While Southeast Asia and the Pacific have made great strides in recent years in improving development outcomes, many still lack important elements that would allow them to flourish. These elements include education and skills development, the adoption of more efficient and effective technology, and the infrastructure to improve social and economic capabilities. 

These are aspects of development that are more complex to deliver than the provision of food and health. Making the jump from low income countries to middle income countries is easier than taking the next step to becoming a high income country. Yet for Australia, finding mechanisms to partner with its neighbors to make this transition should be considered a national imperative. 

Enjoying this article? Click here to subscribe for full access. Just $5 a month.

I am currently writing this article from Sweden. Here, it is not difficult to see how being surrounded by countries of similar prosperity creates enormous amounts of trust and high levels of cooperation. Wealth provides a major security dividend. It is only Russia that causes any great security concerns in the region. While cultural similarity also undoubtedly helps northern Europe, it is the common prosperity that provides the bedrock of confidence neighbors have in each other. 

Australia lacks this trust within its neighborhood. It maintains a visa system that is highly suspicious of its neighbors. The hoops it requires Southeast Asians and Pacific Islanders to jump through to enter Australia leave no doubt that Canberra views its neighborhood with an extraordinary lack of trust. Only recently – after significant lobbying from Jakarta – has Canberra moved slightly on visas for Indonesians wishing to travel to Australia for business purposes. 

See also  Carl Icahn's company stock falls as much as 20% after prosecutors seek financial information

Canberra likes to refer to the Pacific Islands as part of its “family” but no family frisks its members at the door. For this diplomatic strategy to be considered more than just a rhetorical device, there needs to be a much higher level of confidence in its neighbors from Canberra – yet realistically this won’t come without increased prosperity throughout the region. Advancing this prospect should be a central pillar of Australia’s national strategy. 

Advertisement

The recently released International Development Policy produced something of a realignment of approach to Australia’s development assistance – recognizing that development is an important tool of statecraft that works in unison with Australia’s other foreign policy goals. Yet the policy included no great increase in actual funds.

Obviously, development assistance doesn’t play well domestically, and increases in Australia’s aid budget can create resentments within the general public. Yet a skilled politician would be able to explain how common regional prosperity is a direct and unambiguously positive for Australia. Finding the language to communicate this recognition should be just as important as finding the dollars. 

What a country funds is the most direct indication of what that country values. Or, to put it another way, what it funds is an indication of how it understands its place in the world. As a wealthy country in a developing region, it would make sense that development assistance would play a greater role in Australia’s neighborhood engagement. The sooner both Southeast Asia and the Pacific transition to high income countries the sooner the security, economic, and diplomatic benefits will accrue for Australia. 

See also  Majority of Australian Rugby Bosses Reject LGBTQI Pride Round
Assistance Australian Development Difference
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Small Habits That Make A Big Difference

April 23, 2026

How Long Can Kyrgyzstan’s Economic Boom Keep Booming?

February 18, 2026

Ending China’s De Minimis Exception Brings 3 Benefits for Americans

April 17, 2025

The Trump Tariff Shock Should Push Indonesia to Reform Its Economy

April 17, 2025
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Making Excuses for Hamas Mass Murder in Israel Show ‘Propaganda Is Working’

October 11, 2023

Disney in talks with Adani, Sun TV to sell India assets, Bloomberg reports

October 6, 2023

La carrera más larga de Chelsea Sodaro: su camino hacia la salud mental

April 8, 2023

Quantumania’ Misses Projections but Wins Presidents’ Day B.O. with $104M

March 3, 2023
Don't Miss

Small Habits That Make A Big Difference

Lifestyle April 23, 2026

For many people, the daily drive is treated as a functional necessity rather than an…

States Stockpile Gold Bars To Hedge Against Inflation

April 23, 2026

Hilarious Sayings for a Happy Start to Summer

April 23, 2026

EXCLUSIVE: Biden-Era Rule Screws Over Top US Truck Maker As Diesel Plans Grind To A Halt

April 22, 2026
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,342)
  • Entertainment (4,220)
  • Finance (3,203)
  • Health (1,938)
  • Lifestyle (1,871)
  • Politics (3,084)
  • Sports (4,036)
  • Tech (2,006)
  • Uncategorized (4)
  • World (3,944)
Our Picks

“Breach in Trust”: White House Dog Attacks Related to Joe Biden’s “Combustible” Relationship with Secret Service Agents: Report | The Gateway Pundit

October 5, 2023

Bengals QB Joe Burrow Becomes NFL’s Highest-Paid Player with $275 Million Deal

September 8, 2023

Legal Spokesperson Crashes And Burns As She Floats Doomed Trump Defense

August 27, 2023
Popular Posts

Small Habits That Make A Big Difference

April 23, 2026

States Stockpile Gold Bars To Hedge Against Inflation

April 23, 2026

Hilarious Sayings for a Happy Start to Summer

April 23, 2026
© 2026 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.