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By Tony Addison, George Mavrotas (eds.)

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Extra resources for Development Finance in the Global Economy: The Road Ahead

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B. ), New Sources of Development Finance, Oxford: Oxford University Press for UNU-WIDER. 1% in 2006’, Paris: Organisation for Economic Cooperation and Development – Development Cooperation Directorate. Pätomaki, H. and K. Sehm-Pätomaki (1999) The Tobin Tax: How to Make It Real, Helsinki: The Network Institute for Global Democratisation. Riddell, R. , Oxford: Oxford University Press. Sachs, J. (2005) The End of Poverty: How We Can Make It Happen in Our Lifetime, London: Penguin. , K. Bezanson and F.

Addison, T. and A. Chowdhury (2004) ‘A Global Lottery and Premium Bond’ in A. B. ), New Sources of Development Finance, Oxford: Oxford University Press for UNU-WIDER. , H. Hansen and F. Tarp (eds) (2004) Debt Relief for Poor Countries, Basingstoke: Palgrave Macmillan for UNU-WIDER. , G. Mavrotas and M. McGillivray (2005a) ‘Aid, Debt Relief, and New Sources of Finance for Meeting the Millennium Development Goals’, Journal of International Affairs, 58(2): 113–27. , G. Mavrotas and M. McGillivray (2005b) ‘Development Assistance and Development Finance’, Journal of International Development, 17: 819–36.

But approval for aid at the highest levels and lively public debate are an improvement on hostility (the situation during Thatcher’s premiership) and stale debate, or no debate at all. Even contributions such as the suggestion that the World Bank has undergone a ‘tragic deterioration’,3 and is now in crisis, can be interpreted in a positive light. They reflect the somewhat myopic position of right-wing bankers and economic purists, expressing regret for defensible Bank initiatives to consult representatives of poor communities, incorporate competent NGOs in the policy process, and address gender and environmental considerations – developments that many aid supporters believe can be profoundly beneficial.

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