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    The Tobin Tax: another lost opportunity?

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    Author(s)
    Johnson, Robert
    Editor(s)
    Eade, Deborah
    Publication date
    1997-05-01
    Subject
    Approach and methodology
    Economics
    Keywords
    Development methods
    Finance
    Development in Practice Journal
    DiP
    
    Metadata
    Show full item record
    Publisher(s)
    Oxfam GB
    Routledge
    Journal
    Development in Practice
    URI
    http://hdl.handle.net/10546/130260
    DOI
    10.1080/09614529754602
    Document type
    Journal article
    Language
    English
    Description
    The United Nations Development Programme (UNDP) has promoted the so-called 'Tobin Tax' as a major mechanism for generating a substantial increase in global resources for tackling human-development priorities. Such a levy, on largely speculative and unproductive international transactions, may be capable of generating over US$300 billion per year: several times higher than existing levels of bilateral aid. However, given the muted dialogue at the 1995 World Summit for Social Development, and in order to secure the necessary support of leading developed countries and global financial institutions, it may be inevitable that the Tobin Tax, if adopted, would ultimately serve the interests of the wealthier economies. There is, therefore, an urgent need for the development sector to engage in debate about how, and how much of, such funds would be directed to priority human-development purposes.<p>This article is hosted by our co-publisher Taylor & Francis.</p>
    Pages
    8
    ISSN
    0961-4524
    EISSN
    1364-9213
    ae974a485f413a2113503eed53cd6c53
    10.1080/09614529754602
    Scopus Count
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