Putting Financing for Development in Perspective: The South Finances the North

International Development Economics Associates (IDEAs), 2007

6 Pages Posted: 25 Nov 2007

See all articles by Isabel Ortiz

Isabel Ortiz

United Nations - International Labour Organization (ILO); Initiative for Policy Dialogue

Abstract

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

Ortiz, Isabel, Putting Financing for Development in Perspective: The South Finances the North. International Development Economics Associates (IDEAs), 2007 . Available at SSRN: https://ssrn.com/abstract=1032189

Isabel Ortiz (Contact Author)

United Nations - International Labour Organization (ILO) ( email )

ILO HQ, Route des Morillons 4
Geneva, 1211
Switzerland
+41227996226 (Phone)

HOME PAGE: http://www.ilo.org/

Initiative for Policy Dialogue ( email )

Columbia University
New York, NY
United States

HOME PAGE: http://policydialogue.org/programs/taskforces/global_social_justice/

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