wider_0204 - World Institute for Development Economics...

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World Institute for Development Economics Research United Nations University T he interaction between formal government legislation and policies with the ‘informal’ efforts and livelihoods of people is crucial to the understanding of development and to the design of policy to reduce poverty. The task of collating and interpreting the vast experience of attempts to link formal with informal sectors is incomplete. What lessons can be drawn from these experiences of successes as well as failures? How do they alter our conceptualizations of the formal and the informal? And, most importantly, what are the implications for policymakers addressing the challenge of development and poverty reduction? The EGDI-WIDER conferenc e addressed these questions in the context of experiences at different times and in different regions of the world, and across a range of topics such as land titling, common property management, employment, small and medium enterprises, gender relations and women’s legal rights. Over 120 experts including participants from the UN, Nordic and other development agencies, as well as researchers and policymakers from many countries attended the conference in Helsinki, 17–18 September 2004. Conference papers are available at: www.wider.unu.edu New Sources of Development Finance: Funding the Millennium Development Goals by A. B. Atkinson EGDI-WIDER Conference on Linking the Informal and Formal Sectors Martti Lintunen Tackling the relationship between the formal and informal sectors M obilizing additional finance to meet the challenges of the Millennium Development Goals (MDGs) is an urgent priority. Developing countries are themselves mobilizing resources to meet the MDG targets by 2015, but they will fall short without additional external flows. This led the UN General Assembly to call for ‘a rigorous analysis of the advantages, disadvantages and other implications of proposals for developing new and innovative sources of funding, both public and private, for dedication to social development and poverty eradication programmes’. The UN Department of Economic and Social Affairs in turn requested WIDER to commission the study of Innovative Sources. The results of this project have just been published as New Sources of Development Finance , edited by A. B. Atkinson, who led the project. The findings were presented at the United Nations in November 2004. The Funding Challenge The project started from the assumption that, in order to achieve the MDGs, around an additional $50 billion per year needs to be mobilized. This could be achieved by a doubling of Official Development Assistance (ODA). Welcome steps have been made in that direction, but this takes time, and time is of the essence. For this reason alone, it is necessary to consider new sources. The report examines seven such sources, shown in the Box on page 3.
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wider_0204 - World Institute for Development Economics...

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