Financing Development: The G8 and UN Contribution, 1st Edition (Hardback) book cover

Financing Development

The G8 and UN Contribution, 1st Edition

By Michele Fratianni

Edited by John J. Kirton


344 pages

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Hardback: 9780754646761
pub: 2007-12-28
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The critical challenge of financing development and sustainability is a key focus for the world's international financial institutions, led by the International Monetary Fund, the World Bank, and, above all, the G8. This volume assesses the current practice and perspectives of the major developed world countries that dominate the boards of the IMF and the World Bank and comprise the G8. It looks at the prospects for meeting the Millennium Development Goals in the most impoverished region of Africa, the way trade and finance instruments can help, and how the challenges of energy security and climate change control will affect the results. This volume offers in-depth analysis of: * how the Millennium Development Goals are to be met * North-to-South resource transfers * the challenges of controlling climate control beyond Kyoto In sum, this volume provides a critical and creative examination of what the G8 governments, especially at and after the 2005 Gleneagles summit, have done and what they should do to promote development and sustainability.


'…an important analytical contribution to the ongoing debate about the relevance of the G8. The contributors provide thoughtful and illuminating assessments of the G8’s potential for dealing with its expanded agenda - development, climate change, and pandemics. The papers should be read by both policy makers and analysts. Both will benefit from its wide ranging insights on issues that will dominate the international agenda for at least the next two decades.' John W. Sewell, Woodrow Wilson International Center for Scholars, USA '…captures the high expectations generated by the Gleneagles summit. It combines a high degree of technical sophistication (especially on the connections between finance and development) with an explicit sense of commitment about the pivotal role of the G8 on an increasingly expansive agenda of global governance. The high standards of a fine series are certainly met.' Andrew F. Cooper, University of Waterloo, Canada

About the Author/Editor

Michele Fratianni is based at Indiana University, Bloomington, USA. John J. Kirton is based at the University of Toronto, Canada and Paolo Savona is based at the Gugliemo Marconi University , Italy.

About the Series

Global Finance

Global Finance
The intensifying globalisation of the twenty-first century has brought a myriad of new managerial and political challenges for governing international finance. The return of synchronous global slowdown, mounting developed country debt, and new economy volatility have overturned established economic certainties. Proliferating financial crises, transnational terrorism, currency consolidation, and increasing demands that international finance should better serve public goods such as social and environmental security have all arisen to compound the problem. The new public and private international institutions that are emerging to govern global finance have only just begun to comprehend and respond to this new world. Embracing international financial flows and foreign direct investment, in both the private and public sector dimensions, this series focuses on the challenges and opportunities faced by firms, national governments, and international institutions, and their roles in creating a new system of global finance.

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