International Finance and Development Edited by Jose Antonio Ocampo, Jan Kregel and Stephany Griffith-Jones

Publisher: Third World Network (Published in association with the United Nations)

ISBN-10: 1842778625

ISBN-13: 978-1842778623

About the Book

International Finance and Development offers a comprehensive survey of the major financing issues influencing economic development since the historic Monterrey Consensus of the International Conference on Financing for Development in 2002. As most recent international private capital flows have been unlikely to significantly enhance new productive investments in the developing countries, it is necessary to design appropriate mechanisms to ensure they contribute to development. However, recent trends in official development financing offer some grounds for optimism, although much more needs to be done. External debt problems of many developing countries, especially the least developed countries seem likely to continue to constrain their prospects for development.The final part on systemic issues highlights new concerns and the modest progress in ensuring that the international monetary and financial system better serves economic growth and development throughout the world, especially in the developing countries.

About the Editors

José Antonio Ocampo is Under-Secretary-General for Economic and Social Affairs while Jan Kregel was Chief of the Policy Analysis and Development Branch of the Financing for Development Office in the Department of Economic and Social Affairs (DESA) in the United Nations Secretariat. Stephany Griffith-Jones is Professorial Fellow at the Institute of Development Studies at the University of Sussex, and worked at DESA in 2005.


Chapter I: International Private Capital Flows
Chapter II: Official Development Financing
Chapter III: External Debt
Chapter IV: Systemic Issues