1st Edition

Financing Development The G8 and UN Contribution

Edited By John J. Kirton, Michele Fratianni Copyright 2008

    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.

    Part I Introduction; Chapter 1 Introduction, Arguments, and Conclusions, John J. Kirton, Michele Fratianni, Paolo Savona; Part II The Gleneagles G8 Summit; Chapter 2 Has the G8 Summit Met Its Objectives? The Answers from Gleneagles, Nicholas Bayne; Chapter 3 Gleneagles G8 Summit Perspectives, Martin Donnelly; Chapter 4 Energising Sustainable Development: The G8’s Gleneagles Performance, John J. Kirton; Chapter 5 Blair, Brown, and Gleneagles: Making Poverty History or Confronting Unequal Development, Anthony Payne; Chapter 6 Russia and the G8: Matured Partnership, Victoria V. Panova; Part III Africa; Chapter 7 The G8 Africa Action Plan: How Much a Partnership?, Princeton N. Lyman; Chapter 8 The Commission for Africa: Accomplishments and Unfinished Business, Myles Wickstead; Chapter 9 Africa and the G8: Political Aspects, Ade Adefuye; Chapter 10 African Finance and Lack of Development, George M. von Furstenberg; Part IV The Instruments; Chapter 11 What Does International Aid Mean to the G8?, Olivier Charnoz, Pierre Jacquet; Chapter 12 Doing Doha for Development: A Development Perspective, Sheila Page; Chapter 13 Asymmetry in the Post-Doha Trading System, Sylvia Ostry; Chapter 14 Financing Development: A U.S. Perspective, Robert C. Fauver; Chapter 15 Global Development and the Dollar: A Conflict to Be Solved, Paolo Savona; Chapter 16 Controlling Climate Change Beyond Kyoto: The American Contribution, Frank E. Loy;


    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.

    '...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