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Ways of Paying for Global Public-Goods

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  • Anthony Clunies-Ross,

Abstract

simple schedule of governmental contributions, of paying for global public-goods and common purposes: use of IMF Special Drawing Rights (SDRs); the United Kingdom’s International Finance Facility (IFF); and globally-coordinated taxes (on arms exports, deepocean mineral rents, international air transport, greenhouse-gas emissions, or currency transactions). There is discussion of whether the various possible taxes might have political advantages over a schedule of governmental contributions; of their revenue possibilities; and of equity considerations. Promising, the paper argues, provided what are essentially prejudices can eventually be overcome, are a global tax on currency transactions, SDRs (for certain specific purposes), and (with qualifications and probably modifications) the IFF.

Suggested Citation

  • Anthony Clunies-Ross,, 2006. "Ways of Paying for Global Public-Goods," Working Papers id:536, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:536
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    References listed on IDEAS

    as
    1. J. J. Polak & Mr. Peter B. Clark, 2002. "International Liquidity and the Role of the SDR in the International Monetary System," IMF Working Papers 2002/217, International Monetary Fund.
    2. Rodney Schmidt, 2001. "Efficient capital controls," Journal of Economic Studies, Emerald Group Publishing, vol. 28(3), pages 199-212, September.
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