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The Macroeconomic Management of Foreign Resource Inflows

This paper discusses resource flows to developing countries. The findings show that many countries had managed to attract an increasing volume of foreign resources. However, their global allocation remained uneven, with the majority of resources – even foreign aid – flowing to middle-income more

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The Macroeconomics of Aid

Since the advent of the MDGs, many costing exercises have highlighted that in order to attain the MDGs by 2015, current levels of Official Development Assistance (ODA) have to be at least double. But even though Developed Countries are prepared to finance the necessary increase in ODA, do the more

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The Monopoly of Global Capital Flows: Who Needs Structural Adjustment Now?

The U.S. economy is monopolizing about two-thirds of the total global net savings, and the resulting global imbalances are neither sustainable nor equitable. more

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Towards Human Resilience: Sustaining MDG Progress in an Age of Economic Uncertainty

The recent global economic crisis has reinforced significant concerns about the impact of financial and economic shocks on human development. The increasing frequency of such shocks raises important questions about their systemic character and the ability of developing countries to withstand the more

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Using the Country-Based Development Model to Scale-Up for Results

One result of the 2002 Monterrey Conference on Financing for Development has been the recent commitment to scale up ODA to more poor countries, particularly in Africa. The challenge now is to translate this increased focus and additional resources into sustainable development results. more