A proposal for a new universal development commitment

Jonathan Glennie, Nilima Gulrajani, Andy Sumner and Myles Wickstead

No wp-2019-119, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Most Organization for Economic Co-operation and Development countries have accepted, in principle at least, the 50-year-old commitment of contributing 0.7 per cent of gross national income to supporting the development of countries in the Global South. But what if all countries made a universal development commitment, meaning a scaled contribution? We propose a new universal and scaled financial commitment to development, informed by but not necessarily identical to official development assistance.

Keywords: Global inequality; Poverty alleviation; Growth; Aid; Official development assistance (search for similar items in EconPapers)
Date: 2019
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