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New Sources of Development Finance
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"As their Millennium Development Goals, world leaders have pledged by 2015 to halve the number of people living in extreme poverty and hunger, to achieve universal primary education, to reduce child mortality, to halt the spread of HIV/AIDS, and to halve the number of people without safe drinking water. Achieving these goals requires a large increase in the flow of financial resources to developing countries – double the present development assistance from abroad. In examining innovative ways to secure these resources, this book, which is part of the UNU–WIDER Studies in Development Economics series, sets out a framework for the economic analysis of different sources of funding and applying the tools of modern public economics to identify the key issues. It examines the role of new sources of overseas aid, considers the fiscal architecture and the lessons that can be learned from federal fiscal systems, asks how far increased transfers impose a burden on donors, and investigates how far the raising of resources can be separated from their use. In turn, the book examines global environmental taxes (such as a carbon tax), the taxation of currency transactions (the Tobin tax), a development‐focused allocation of Special Drawing Rights by the International Monetary Fund (IMF), the UK Government proposal for an International Finance Facility, increased private donations for development purposes, a global lottery (or premium bond), and increased remittances by emigrants. In each case, it considers the feasibility of the proposal and the resources that it can realistically raise, and offers new perspectives and insights into these new and controversial proposals. "
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Keywords
- allocation of Special Drawing Rights by IMF
- Business & Economics
- Business Development
- child mortality reduction
- Development
- Development assistance
- Development economics
- Development economics & emerging economies
- Development Finance
- Economic Analysis
- Economic assistance
- Economic development
- Economic policy
- Economics
- Economics, finance, business & management
- environmental taxes
- federal fiscal systems
- Finance
- Finance & accounting
- Funding
- General
- global lottery
- global premium bond
- Government & Business
- HIV/AIDS spread prevention
- hunger reduction
- International economics
- International finance
- International Finance Facility
- Millennium Development Goals
- Ontwikkelingsbanken
- Ontwikkelingseconomie
- Ontwikkelingssamenwerking
- Political Economy
- Political Science
- Poverty alleviation
- private donations
- Public Finance
- Public Policy
- remittances by emigrants
- safe drinking water
- sources of funding
- sources of overseas aid
- Special Drawing Rights
- Structural Adjustment
- Taxation
- taxation of currency transactions
- Tobin tax
- universal primary education
Links
DOI: 10.1093/0199278555.001.0001Editions