Innovative Sources of Development Finance - Global Cooperation in the 21st Century

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Innovative Sources of Development Finance - Global Cooperation in the 21st Century

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Jha, Raghbendra ()

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Raghbendra Jha

Abstract

This paper argues that, in view of the resource crunch confronting many developing countries and the fall in ODA flows to them; new sources of development finance need to be found. We consider international taxes, fees and levies that could considerably augment aid flows to developing countries and some of which may have coincident beneficial effects. Estimates of the revenue yield from such taxes and levies are also presented. The paper proposes the establishment of a World Development Organization (WDO) to coordinate such effort. A formula for voting within the organization and another for disbursal of such aid are suggested.

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Paper provided by Australian National University, Economics RSPAS in its series Departmental Working Papers with number 2002-09.

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Date of creation: Oct 2002
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Handle: RePEc:pas:papers:2002-09

Note: Length (pages): 45 pages
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This paper has been announced in the following NEP Reports:

NEP-ALL-2003-11-09 (All new papers)
NEP-DEV-2003-11-09 (Development)
NEP-HIS-2003-11-09 (Business, Economic & Financial History)

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

Bird, Richard M. & Smart, Michael, 2002. "Intergovernmental Fiscal Transfers: International Lessons for Developing Countries," World Development, Elsevier, vol. 30(6), pages 899-912, June. [Downloadable!] (restricted)
Raghbendra Jha, 2002. "The downward rigidity of Indian interest rates," ASARC Working Papers 2002-01, Australian National University, Australia South Asia Research Centre. [Downloadable!]
Craig Burnside & David Dollar, 2000. "Aid, Policies, and Growth," American Economic Review, American Economic Association, vol. 90(4), pages 847-868, September. [Downloadable!] (restricted)
Other versions:
- Burnside, Craig & Dollar, David, 1997. "Aid, policies, and growth," Policy Research Working Paper Series 1777, The World Bank. [Downloadable!]
Hansen, Henrik & Tarp, Finn, 2001. "Aid and growth regressions," Journal of Development Economics, Elsevier, vol. 64(2), pages 547-570, April. [Downloadable!] (restricted)

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