Putting Financing for Development in Perspective: The South Finances the North
International Development Economics Associates (IDEAs), 2007
6 Pages Posted: 25 Nov 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.
Keywords: financing for development, global financial flows
JEL Classification: O1, H67, O16, O19
Suggested Citation: Suggested Citation