Development Finance in the Global Economy The Road Ahead [Hardcover]

A?positive chapter has begun?in finance for poor countries. Yet progress remains tentative. This book looks at how to make international finance better serve the needs of poor countries and poor people. It contains contributions by economists and political scientists?who have been at the centre of the international policy debate.Development Finance in the Global Economy: The Road Ahead; T.Addison &? G.Mavrotas Foreign Aid Resurgent: New Spirit or Old Hangover?; P.Burnell Multilateral Development Assistance: Good, Bad or Just Plain Ugly?; M.McGillivray, S.Feeny &? H.White Immediate Prospects for Additional Finance: What Might be Done Now or Soon and on What Conditions?; A.Clunies-Ross &? J.Langmore Financing Global and Regional Public Goods through ODA?; H.Reisen, M.Soto & T.Weith?ner Multiactor Global Funds: New Tools to Address Urgent Global Problems; J.Heimans Transition from ODA to Private Capital Flows; R.Kohli The Millennium Challenge Account: Transforming US Foreign Assistance Policy?; S.Radelet Debt Relief: The Development and Poverty Impact; T.Addison Remittances and Financial Inclusion in Development; H.S.Toxopeus &? R.Lensink

The publication of this book on development finance is most timely, and should contribute to the major international conferences in 2008 considering financing for development issues. It significantly advances new thinking, especially on aid and new sources of development finance.

Jomo Kwame Sundaram, UN Assistant Secretary General for Economic Development

Since the UN Monterrey conference in March 2002, the international structure of financing for development has changed profoundly. This volume, which extends UNU-WIDER's work in this field, provides a timely update and analysis of the developments in key areas of development financing foreign direct investment, debt, financing from the Bretton Woods institutions, official development assistance, and the so-called innovatlS.