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SUMMARY:Financialization of Humanitarian Aid
DTSTART;TZID=Europe/Berlin:20160210T183000
DTEND;TZID=Europe/Berlin:20160210T200000
DTSTAMP:20160210T183000Z
LOCATION;ENCODING=QUOTED-PRINTABLE:Campus Campus Duisburg : Gerhard-Mercator-Haus
CONTACT:Frau Tina Berntsen (Käte Hamburger Kolleg / Centre for Global Cooperation Research)
DESCRIPTION:Frau Tina Berntsen (Käte Hamburger Kolleg / Centre for Global Cooperation Research)
Financialization of Humanitarian Aid
Käte Hamburger Lecture with Prof. Susan Erikson
In the 17th Käte Hamburger Lecture, Dr Susan Erikson, Associate Professor of Faculty of Health Sciences, Simon Fraser University in Canada, examines venture investment in humanitarian aid and considers the likelihood that its promise of upending systemic global inequalities will be fulfilled. 
Venture capitalists are changing humanitarian aid financing. Long-standing government-to-government models of global cooperation and international development assistance are being transformed by new forms of finance that prioritize making profits for private shareholders. Some scholars argue that these forms of assistance are new models of global cooperation that will benefit millions (Collier 2013), but both the forms and consequences beg more critical study, theorizing, and analysis, particularly in the most vulnerable places in the world. Private equity, extreme mortality bonds, and patent acquisition, for example, are new elements of humanitarian financing that introduce new opportunities, vulnerabilities and risks to global publics. The need to study these financial dealings is urgent: The new financial dealings are occurring mostly outside of public view. Private sector and philanthropic reporting standards are far less transparent than those for tax-payer public monies, which means that potential profiteering and exploitations are unchecked. 
To her lecture on 10 February Dr Sung-Joon Park from Martin-Luther University Halle-Wittenberg will provide comments. Afterwards the floor is open to questions and discussion that will be moderated by Prof. Ansgar Belke, Chair of Macroeconomics at the University of Duisburg-Essen.
Wednesday, 10. February 2016
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