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World Bank. 2007. Global Development Finance 2007 Volume I. Washington DC: World Bank.
Uploaded on Tuesday 21 Feb 2012
Financial flows for developing countries
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.