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Overview
Today's international development financing system seems like a collection of disjointed entities that often work at cross purposes without being able to mobilize enough finance for developing countries. This book brings together the vast array of new initiatives in financing mechanisms and proposals to transform the development finance architecture. Based on four different scenarios for the next ten-year period, proposals are made for how to reach an effective system.
Synopsis
For some reason many people think of globalization as being fairly well-organized and systematic, when in fact the international development financing system is, as the authors point out, "not much of a system." In fact it is a patchwork of institutions that often work against each other and do not provide enough to assist countries in reducing poverty and improving living standards. This describes the evolution of that "system" and its mechanisms, along with the reforms already attempted, and offers four different ten-year strategies for efficient and effective developmental finance. These strategies include their policy implications and a framework for strategic choices, as well as an assessment of "radical implementalism," which appears to be a viable alternative to further slow evolution and continued failure. Annotation ©2006 Book News, Inc., Portland, OR