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New Sources of Development Finance (Hardcover, New)
Loot Price: R6,917
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New Sources of Development Finance (Hardcover, New)
Series: WIDER Studies in Development Economics
Expected to ship within 12 - 17 working days
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This is an open access publication, available online and
distributed under the terms of the Creative Commons Attribution-Non
Commercial-Share Alike 3.0 IGO licence (CC BY-NC-ND 3.0 IGO). It is
free to read at Oxford Scholarship Online and offered as a free PDF
download from OUP and selected open access locations. 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.
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