Chapter

Innovative Sources to Meet A Global Challenge

Anthony B. Atkinson

in New Sources of Development Finance

Published in print November 2004 | ISBN: 9780199278558
Published online January 2005 | e-ISBN: 9780191601590 | DOI: http://dx.doi.org/10.1093/0199278555.003.0001

Series: WIDER Studies in Development Economics

Innovative Sources to Meet A Global Challenge

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The Millennium Development Goals (MDGs) that were affirmed at the Millennium Summit in 2000 are summarised and the role of Official Development Assistance (ODA) as an important vehicle for development finance briefly outlined. It is noted that funding of the MDGs could be achieved solely by increasing ODA, but that increasing public spending on development assistance is a difficult political option – so alternative sources of development funding are required to meet the gap between current ODA and the amounts needed to meet the MDGs. The seven innovative sources that are the subject of the book, and are addressed in detail in chs. 3 to 9, are summarised, and three ways of classifying them (as radical departures, by lead actors, and as intermediation mechanisms) considered. Their origins and political economics are also examined and the criteria used to evaluate them discussed. The final section of the chapter presents a guide to the contents of the book.

Keywords: Development Assistance; development funding; evaluation; innovative sources of funding; Millennium Development Goals; Official Development Assistance; political economics; public spending

Chapter.  7663 words. 

Subjects: Economic Development and Growth

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