On some levels, the accepted role of development aid has been supplanted by the increase of individual remittances and foreign direct investment, as well as by policies that focus on issues such as climate, migration, financial stability, knowledge, trade, and security in order to increase opportunities in struggling countries. This study considers such changes and examines the effectiveness of aid and its role in international power relations. The editors and contributors close the book by proposing new strategies for development aid in the era of globalization.