International finance: meeting the needs of people in developing countries

José Guilherme Almeida dos. Reis

ILO Working Papers from International Labour Organization

Abstract: This report underscores that International finance is an important vehicle for growth, for creating jobs, for reducing poverty and for financing social services, but that flows of finance, however, are very unevenly distributed. Poor countries remain heavily dependent on public finance. Private finance for development is concentrated mainly in a small number of countries. Flows other than foreign direct investment (FDI) are very volatile and their sudden withdrawal can result in recession, unemployment and social deprivation. The paper makes therefore several policy proposals to : increase resources for development, stimulate private flows to developing countries and to reform the international financial system, in order for it to meet the needs of people.

Keywords: capital flow.; foreign investment.; financial policy; role of developed countries; economic growth; employment creation; poverty alleviation; flux de capitaux; investissement étranger; politique financière; rôle des pays développés; croissance économique; création d'emploi; lutte contre la pauvreté; corriente de capitales; inversiones extranjeras; política financiera; papel de los países desarrollados; crecimiento económico; creación de empleos; lucha contra la pobreza (search for similar items in EconPapers)
Pages: 27 pages
Date: 2004
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published in Working paper series, World Commission on the Social Dimension of Globalization

Downloads: (external link)
http://www.ilo.org/public/libdoc/ilo/2004/104B09_239_engl.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ilo:ilowps:993701163402676

Access Statistics for this paper

More papers in ILO Working Papers from International Labour Organization Contact information at EDIRC.
Bibliographic data for series maintained by Vesa Sivunen ().