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Uploaded on Tuesday 21 Feb 2012 by GRID-Arendal

Financial flows for developing countries

Year: 2008 Author: Hugo Ahlenius, UNEP/GRID-Arendal
With increased globalization and a smaller world, money flows more easily and the flows have increased. Where aid once represented a majority of the funds from high income countries to developing countries, this has now been surpassed by investments and worker’s remittances, and these flows show no sign of slowing down – maybe pausing for an occasional downturn in the global economy. The question is when this will start show as a significant decrease in poverty.
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