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    • From the editor-in-chief

    From the editor-in-chief: 3 ways 2023 may define a new development era

    Global development has evolved into a juggernaut that's helped billions around the world, but will 2023 see a new era in which great power competition, slower economic growth, and fast-rising humanitarian crises reverse hard-fought gains?

    By Raj Kumar // 05 January 2023

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    For the global development community, 2022 signaled a change in trajectory. Two decades of rising global solidarity and funding had long since changed what was once depicted as a much smaller, even provincial sector of peaceniks and sandal-wearing civil engineers. Global development had become a juggernaut, written about on the front page, discussed at convenings of world leaders, and a topic for corporate boardrooms.

    This didn’t just drive global development to become a sector with annual spending well above $200 billion (around what the world spends on iPhones every year). It also created a heady culture — a sense that anything is possible when the right mix of forward-thinking philanthropists, social entrepreneurs, and government officials come together.

    That golden period may be behind us, and we may be on the cusp of a new era — or rather, a reversal to an era we thought we'd left behind.

    This article is free to read - just register or sign in

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    More reading:

    ► Population hits 8 billion, but UNFPA sees bigger things to worry about

    ► IMF’s Africa chief warns of economic ‘dark period’ without more aid

    ► Global development is in 'crisis,' World Bank president says

    • Funding
    • Democracy, Human Rights & Governance
    • Humanitarian Aid
    • Trade & Policy
    • Economic Development
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    About the author

    • Raj Kumar

      Raj Kumarraj_devex

      Raj Kumar is the President and Editor-in-Chief at Devex, the media platform for the global development community. He is a media leader and former humanitarian council chair for the World Economic Forum and a member of the Council on Foreign Relations. His work has led him to more than 50 countries, where he has had the honor to meet many of the aid workers and development professionals who make up the Devex community. He is the author of the book "The Business of Changing the World," a go-to primer on the ideas, people, and technology disrupting the aid industry.

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