New Sources of Development Financeby A. B. Atkinson
Pub. Date: 01/27/2005
Publisher: Oxford University Press
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
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.
Table of Contents
1. Innovative Sources to Meet a Global Challenge, Anthony B. Atkinson
2. Over-Arching Issues, Anthony B. Atkinson
3. Environmental Taxation and Revenue for Development, Agnar Sandmo
4. Revenue Potential of the Tobin Tax for Development Finance: A Critical Appraisal, Machiko Nissanke
5. A Development-Focused Allocation of the Special Drawing Rights, Ernest Aryeetey
6. The International Finance Facility Proposal, George Mavrotas
7. Private Donations for International Development, John Micklewright and Anna Wright
8. A Global Lottery and a Global Premium Bond, Tony Addison and Abdur R. Chowdhury
9. Remittances by Emigrants: Issues and Evidence, Andres Solimano
10. Global Public Economics, James A. Mirrlees
11. National Taxation, Fiscal Federalism, and Global Taxation, Robin Boadway
12. The Way Forward, Anthony B. Atkinson
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