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Publications (17)
Working Paper
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Efforts to realize the issue of development-focused Special Drawing Rights (SDR) by the International Monetary Fund (IMF) have been on-going for many years. Recently, however, the campaign first gained a new momentum immediately after the Asian financial crises with the new liquidity problems of...
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– Issues and Evidence
Remittances, after foreign direct investment, are currently the most important source of external finance to developing countries. Remittances surpass foreign aid, and tend to be more stable than such volatile capital flows as portfolio investment and international bank credit. Remittances are also...
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– Over-Arching Issues
In analysing proposals for new sources of development funding, there are several issues that arise across the board. What is the role of new sources in relation to existing overseas development assistance? Should we be seeking new sources that generate a double dividend? Can the key elements of a...
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This paper considers lessons from the practice of fiscal federalism for guidance on new approaches to development finance. Despite the fact that inter-regional redistribution in a federation relies on a central government with strong fiscal powers, the form of that redistribution can be used as a...
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This paper considers the role of global environmental taxes both as instruments for improving the global environment and as a source of revenue for funding economic development. It reviews the general case for environmental taxes and the particular issues that arise for the adoption of such taxes in...
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Charitable donations by private individuals and firms can help fund the Millennium Development Goals. What are the prospects for increasing donations for international development, whether from small-scale donors, the super-rich (as in the recent gifts by Bill Gates and Ted Turner), or the corporate...
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– A Critical Appraisal
The paper assesses the potential of currency transaction taxes (CTT, widely known as the Tobin tax), to raise revenue for global development. Though Tobin proposed and others assessed CTTs in terms of reducing exchange rate volatility and improving macroeconomic policy environments, this paper...
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The world lottery market now amounts to at least US$126 billion in sales. World market sales for all gaming products (public, charitable and commercial) total some US$1 trillion, of which Internet gambling accounts for US$32 billion. This paper assesses the prospects for harnessing this large and...
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– The UK HM Treasury-DFID Proposal to Increase External Finance to Developing Countries
The paper discusses the International Finance Facility (IFF), a joint HM Treasury–DFID proposal to increase development aid substantially for the Millennium Development Goals to be achieved by 2015. The main conclusion of the paper is that the proposed IFF is a promising, forward-looking and...
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This study presents a comprehensive picture of poverty changes in China in the period of 1978-95. Using two micro-data sets from Household Income Surveys of 1988 and 1995, the author examines poverty distribution among various localities and population sub-groups. The results show that poverty has...
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– Key Issues and Lessons from Vietnam
This paper examines the impact of the transition to a market economy on health and education outcomes in transitional Asia, with particular focus on the case of Vietnam. After examining a variety of empirical evidence, several lessons emerge. First, protecting and improving health and education...
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This paper's goal is to increase the understanding of the inequality trends during the transitional period in China. From 1978 to 1995, China has been undergoing 18 years far-reaching economic system reform and opening to the outside world nationwide. During the transitional periods, the average...
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– Welfare Impact of Slow Transition
Uzbekistan is typically seen as one of the slowest reformers among the countries in transition from central planning to a market-oriented economy. This paper evaluates the welfare impact of gradual transition in Uzbekistan, asking whether it has avoided the short-term disruption associated with more...
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In examining the welfare situation, this paper explores the relationship between economic changes and social development in Asian transition economies. Under the central planning system, achievements in human development in these countries were commonly greater than the level of economic development...
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According to information issued at the World Food Summit held in Rome in 1996, about one fifth of the world's population is now living under the poverty line, and this number is increase by 25 million people in developing countries every year. For the purpose of maintaining social stability and...
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The economies in transition are experiencing unique changes in the distribution of assets. The growth in the share of private ownership is occurring through the privatization of state-owned assets and through the birth of private firms. The changes in the property rights regime are exceptionally...
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