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Item Details
Title: NEW SOURCES OF DEVELOPMENT FINANCE
By: A. B. Atkinson (Editor)
Format: Hardback

List price: £197.50
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ISBN 10: 0199278555
ISBN 13: 9780199278558
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Publisher: OXFORD UNIVERSITY PRESS
Pub. date: 11 November, 2004
Series: WIDER Studies in Development Economics
Pages: 272
Description: The Millennium Development Goals require a doubling of funds for economic development by 2015. Examining innovative ways to secure these resources, this book sets out a framework for the economic analysis of different funding sources, applying the tools of modern public economics and considering the underlying political economy. It examines in turn a series of new and controversial proposals, including global taxes such as a carbon tax, a global lottery,pre-commitment of aid, increased private donations, and increased remittances by emigrants.
Synopsis: 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. Examining innovative ways to secure these resources, this book sets out a framework for the economic analysis of different sources of funding, 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 one can separate raising resources 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 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. In each case, it offers new perspectives and insights into these new and controversial proposals.
Publication: UK
Imprint: Oxford University Press
Returns: Returnable
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