Notification

23 million people in the Horn, East and Central Africa are facing facing severe levels of hunger. Donate now.

Available documents

No available documents


Oxfam Policy & Practice provides free access to Gender & Development and Development in Practice journal articles.

Download from publisher

Overview

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.

This article is hosted by our co-publisher Taylor & Francis.

Additional details

Author(s)

Publisher(s)

Editor(s)

DOI

10.1080/09614529754602

How to cite this resource

Citation styles vary so we recommend you check what is appropriate for your context.  You may choose to cite Oxfam resources as follows:

Author(s)/Editor(s). (Year of publication). Title and sub-title. Place of publication: name of publisher. DOI (where available). URL

Our FAQs page has some examples of this approach.

Related resources

Here are similar items you might be interested in.

Browse all resources