81. The Private Sector in the Fight Against Global Poverty
- Author:
- Lael Brainard
- Publication Date:
- 08-2005
- Content Type:
- Working Paper
- Institution:
- The Brookings Institution
- Abstract:
- In recent weeks, aging rockers have reclaimed young fans by joining movie stars, faith-based groups, and leaders of developing nations in a global campaign to "Make Poverty History." World leaders have taken note: the push is on for a massive boost in official assistance flows and the cancellation of official debt. But as preparations move forward for the first heads of state stocktaking of the Millennium Development Goals at the United Nations in September, scant attention is being directed at the most powerful engine of growth and poverty alleviation: the private sector. This despite the fact that the past two decades have witnessed an enormous shift in resources away from the public sector to private hands, and private flows to developing countries are now more than twice the level of public flows.
- Topic:
- Development, Economics, International Trade and Finance, and Poverty
- Political Geography:
- United Nations