Putting Financing for Development in Perspective: The South Finances the North
Initiative for Policy Dialogue; United Nations - Children's Fund (UNICEF)
International Development Economics Associates (IDEAs), 2007
The gross asymmetries in the distribution of wealth justify North-South transfers, through increased and improved ODA. However, net global financial flows show a different picture: the reality is that Southern countries transfer resources to the North. This article reviews the issues and calls for multilateral action.
Number of Pages in PDF File: 6
Keywords: financing for development, global financial flows
JEL Classification: O1, H67, O16, O19Accepted Paper Series
Date posted: November 25, 2007
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