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    New Sources of Development Finance

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    Contributor(s)
    Atkinson, A.B. (editor)
    Language
    English
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    Abstract
    "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. "
    URI
    http://library.oapen.org/handle/20.500.12657/39367
    Keywords
    child mortality reduction; development economics; allocation of Special Drawing Rights by IMF; development assistance; development finance; economic analysis; environmental taxes; federal fiscal systems; funding; global lottery; global premium bond; HIV/AIDS spread prevention; hunger reduction; International Finance Facility; Millennium Development Goals; poverty alleviation; private donations; remittances by emigrants; safe drinking water; sources of funding; sources of overseas aid; Special Drawing Rights; taxation of currency transactions; Tobin tax; universal primary education
    DOI
    10.1093/0199278555.001.0001
    Publisher
    Oxford University Press
    Publisher website
    https://global.oup.com/
    Publication date and place
    Oxford, 2004
    Grantor
    • UNU WIDER
    Classification
    Economics
    International economics
    Development economics and emerging economies
    Political economy
    Public finance and taxation
    Pages
    268
    Rights
    https://creativecommons.org/licenses/by-nc-nd/4.0/
    • Imported or submitted locally

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    License

    • If not noted otherwise all contents are available under Attribution 4.0 International (CC BY 4.0)

    Credits

    • logo EU
    • This project received funding from the European Union's Horizon 2020 research and innovation programme under grant agreement No 683680, 810640, 871069 and 964352.

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