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Visible Hands: Taking Responsibility for Social Development
From Chapter 2: Who Pays? Financing Social Development...
If governments are to achieve more equitable development, they will have to resolve the debt crisis and reorient development assistance. They will also need to adopt new approaches to taxation and pensions and find ways of generating more resources locally.
More wealth has been generated over the past few decades than ever before. But the world does not yet have ways to channel enough of this into social development. Five years after Copenhagen, there is an even greater contrast between available resources and manifest need.
Most of the damage has been concentrated in developing and transition countries. There is less of a problem in the industrialized countries whose governments have generally sustained their social spending. The United States has been able to do this because its economy has been growing strongly. And the governments of Western Europe and Japan have given priority to social programmes. This contrast between resources available for social provision in industrial and developing countries threatens to widen disparities between rich and poor still further. An important goal for the years ahead must be to reverse this destructive trend.
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