The sheer volume of financial resources flowing into and out of developing countries has exploded over the last two decades. To keep pace, international banking and financial standards have matured, requiring more sophistication in institutions that oversee economic systems. This month, I sat down with Andrew Spindler, President and Chief Executive Officer of Financial Services Volunteer Corps, to talk about the evolution of frontier markets in recent years. From combating corruption and money laundering to mobilizing domestic resources, Andrew shares insights about the major factors and trends that are shaping development finance in increasingly interdependent global markets.
In the 2019 season of A Deeper Look podcast, we examined the darker side of development — the unintended consequences of development efforts, the paradoxes that we confront, the harm that the best intentions can sometimes cause and the lessons we can learn by discussing uncomfortable, even threatening, topics.
Each one of my guests brought a unique perspective to this theme, yet it’s possible to distill a number of common concerns. More than one guest described the long-term nature of development as a journey, and many emphasized the importance of humility in this work. Although our theme for the year was dark, the perspectives, insights and commitment of my guests give me hope that we, as a community, are more willing to acknowledge our weaknesses and do better.
If you haven’t had an opportunity to tune in, I encourage you to listen to all of the episodes in this season’s A Deeper Look on Apple Podcasts, SoundCloud or wherever you get your podcasts. Here are some takeaways.
There is something about the promise of a new year – the idea that the new year can bring change for the better. Many of us working in global development choose this work because we believe we can make a positive difference in the world.
For 2019, we have decided to take a deeper look at issues that global development actors often shy away from discussing – the paradoxes and unintended consequences of global development. We’re calling this year’s theme the “darker side” of development, but my hope is that this season will shed light on issues we need to be thinking about as a development community, so that we can make our work more relevant and effective.