Sustainable Development Goals and Income Inequality
Show Less

Sustainable Development Goals and Income Inequality

Edited by Peter A.G. van Bergeijk and Rolph van der Hoeven

This timely book documents and analyses the seriousness of growing national inequality in different regions around the world. It argues that the treatment of inequality in the Sustainable Development Goals (SDGs) is wholly insufficient due to their failure to recognise the growing difference between the income of work and the income of capital and the super rich, and the strain this places on a country’s social fabric.
Show Summary Details
You do not have access to this content

Chapter 4: From billions to trillions: towards reform of development finance and the global reserve system

Rob Vos


The financial commitments to 2030 Agenda for Sustainable Development do not seem to live up to the ambitions of the SDGs. Rob Vos proposes reviving the old idea of using international liquidity, the IMF’s special drawing right, to leverage new development financing. This would strengthen the international financial safety net to deal with balance-of-payments crises and reduce the need for developing countries to take out ‘self-insurance’ against external shocks by accumulating vast amounts of their own reserves. This will take the international community some way in providing the global public good of global financial stability, while eliminating the deflationary bias on global economic growth implied by the present international monetary system. At the same time, using idle SDRs to leverage new development finance could yield as much as US$1 trillion in new development finance for the provisioning of other global public goods (like a stable climate and/or improved public health).

You are not authenticated to view the full text of this chapter or article.

Elgaronline requires a subscription or purchase to access the full text of books or journals. Please login through your library system or with your personal username and password on the homepage.

Non-subscribers can freely search the site, view abstracts/ extracts and download selected front matter and introductory chapters for personal use.

Your library may not have purchased all subject areas. If you are authenticated and think you should have access to this title, please contact your librarian.

Further information

or login to access all content.