By François Bourguignon, Boris Pleskovic, Andre Sapir

The yearly global financial institution convention on improvement Economics (ABCDE) brings jointly the world's most interesting improvement thinkers to give their views and concepts. in recent times, a parallel, moment convention has been held in Europe with an analogous target of increasing the movement of rules among thinkers, practitioners, and policymakers within the box of overseas improvement. 'Annual global financial institution convention on improvement Economics, Europe 2005' offers chosen papers from the 6th annual ABCDE—Europe conferences, held might 2004 in Brussels, Belgium. This quantity includes articles on exchange flows, human capital flows, capital flows and relief flows. It presents a normal evaluation of the hyperlinks among poverty and migration and perception and critiques on key improvement concerns. The ABCDE Europe 2005 is a serious reference consultant for improvement examine and should be of curiosity to practitioners and people learning overseas improvement and poverty aid.

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Extra info for Annual Bank Conference on Development Economics 2005, Europe: Doha, Monterrey, and Johannesburg: Are We on Track? (Latin American Development Forum) (Annual ... Conference on Development Economics: Europe)

Sample text

There are two ways of looking at the international distribution of income. One is to weigh every country by its population, to take account of the fact that there are many more inhabitants in China than in Benin or Togo. Another way of looking at the distribution is to consider that all countries in the world have exactly the same weight. The two points of view lead to quite different conclusions. Figure 1 shows the evolution of the international distribution of income by income decile between 1980 and 2002, a period that begins roughly with the onset of the present globalization process.

Many of the new obligations imposed significant burdens on developing countries. In return, the least developed countries were promised financial assistance with implementation costs and extensions of preferential market access schemes. But these commitments were nonbinding, leaving developing countries at the mercy of the goodwill of developed countries. As Finger and Schuler (2000, p. ” Insufficient attention has been paid to the enormous demands implementing the Uruguay Round placed on developing countries, particularly with regard to intellectual property, customs valuation, technical barriers to trade, and agricultural food safety.

Second, redistribution through official development assistance is extremely limited, and it is cancelled out by rich countries’ restrictions that limit poor countries’ market access. Third, the income redistribution framework adopted in the preceding analysis does not reflect what is to be expected from world redistribution. We are not so much interested in redistributing income today in order to increase immediate consumption; we are interested in transferring growth potential from rich countries to poor countries.

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