Global finance hurts the poor

A new report by Oxfam America analyses the impact of North-South private capital flows on growth, inequality and poverty. 'Global Finance Hurts the Poor' argues private capital flows have contributed to a worldwide decline in growth since the 1970s, creating inequality and poverty. Capital flows should be made less volatile to reduce their cost and boost their volume. The report concludes global finance can have a positive impact if well regulated and capital controls remain an optioReviewed by FG, 15/07/2003.Reviewed by FG, 15/07/2003.n.

Global Finance Hurts the Poor

Reforming the Global Financial Architecture: issues and institutions, Third World Network/ UNCTAD book (order online)

ATTAC

This text may be freely used providing the source is credited.

This page is: <http://brettonwoodsproject.org/art.shtml?x=16184>

Published: 17 September 2002 , last edited: 27 May 2010

Viewings since posted: 4171

Articles: 3795

Advanced article search
Search newswire and resources

Recent briefings & reports

Climate Investment Funds Monitor 7: April 2013 25 April 2013

Working paper: The private sector and climate change adaptation: International Finance Corporation investments under the Pilot Program for Climate Resilience 24 April 2013

The UK's role in the World Bank and IMF: Department for International Development and HM Treasury 13 March 2013

World Bank on jobs: a "significant departure" or "business as usual"? 13 February 2013

The World Bank and industrial policy: Hands off or hands on? 6 December 2012

Climate Investment Funds Monitor 6: October 2012 26 October 2012