The New Public Finance




	This week, the United Nations Development Programme launched an extraordinary book entitled The New Public Finance, which shares this long-term perspective. Instead of going for quick fix solutions it looks at the real costs of failure, bad planning and of national rather than international efforts to help the developing world. It recommends structures and solutions based around a timescale of generations rather than the relatively short life spans of most governments. The authors claim, that in time, it could unlock an astonishing $7 trillion for development. It is radical and would take decades to implement. And this is one of its most important features. It goes against the usual schemes coming out of the United Nations - and indeed out of most governments - to reshape society through grandiose five year plans, all designed to assist the inevitable March of Progress. Today Programme, BBC Radio 4 "Thought for the Day" Martin Palmer February 1, 2006 Available at: http://www.bbc.co.uk/religion/programmes/thought/documents/t20060201.shtml Angesichts grassierender Globalpobleme wie Armut, Kriege und Umweltzerstörung sucht die Uno verzweifelt nach Lösungen. Das Entwicklungshilfswerk der Staatenorganisation schlägt jetzt ein neues Finanzsystem vor, um die Krisenherde zu beseitigen... Mit dem jüngst veröffentlichten Buch "Die neuen öffentlichen Finanzen - Antworten auf die globalen Herausforderungen" will das Uno-Entwicklungshilfswerk United Nations Development Programm (UNDP) Lösungen für die größten weltweiten Probleme aufzeigen. "Internationale Kooperation läuft heute noch so wie in den fünfziger Jahren. Die Möglichkeiten der modernen Finanzmärkte werden bei weitem nicht ausgenutzt", sagte die Herausgeberin und UNDP-Direktorin Inge Kaul im Gespräch mit SPIEGEL ONLINE. Die bisherigen Strategien sind demnach nicht effizient und zu teuer. Die Uno-Organisation schlägt mehrere Instrumente vor, um globale Krisen mit Hilfe der Marktwirtschaft und moderner Finanztechniken zu lösen. Laut Kaul läge der Wohlstandsgewinn für die Welt im Idealfall bei jährlich bis zu sieben Billionen Dollar. "Die Summe kommt zu Stande durch Einsparungen und Zuwächse beim Wohlstand", erklärt Kaul. Spiegel Online "Uno will die Welt um Billionen reicher machen" Mehr Markt January 31, 2006 Available at: http://www.spiegel.de/wirtschaft/0,1518,398401,00.html The most potent threats to life on earth - global warming, health pandemics, poverty and armed conflict - could be ended by moves that would unlock $7 trillion - $7,000,000,000,000 (£3.9trn) - of previously untapped wealth, the United Nations claims today. The Independent "UN Unveils Plan to Release Untapped Wealth of...$7 trillion (and Solve the World's Problems at a Stroke)" Philip Thornton January 30, 2006 Available at: http://news.independent.co.uk/world/politics/article341967.ece "The New Public Finance: Responding to Global Challenges" presents how, through using creative, incentive-based tools, governments could respond in a more affordable and sustainable way to international challenges such as avian flu, terrorism, and climate change. The widespread adoption of these approaches could break the cycle of under-funded and inadequate responses to global problems, and foster a new, less crisis-prone globalized world. More affordable, sustainable crisis response would ensure that existing and future development aid could be used more effectively, improving the prospect of reaching the Millennium Development Goals (MDGs) of halving poverty by 2015, and of sustaining development beyond the target date. U.S. Newswire "'Landmark' Book offers Financial Tools to Manage Global Risks" January 30, 2006 Available at: http://releases.usnewswire.com/GetRelease.asp?id=60012 We can be in control of globalisation, economist Inge Kaul states in a new book that is to be presented in Davos today. Information met with her in Copenhagen. "I bring good news," Inge Kaul says...(...) In the book she brings a set of recommendations as to how the world is to implement financial methods and improved risk management by investing in insurances that will bring down the vulnerability of single persons - and at the same time lead to grand-scale economic achievements. Information "Globaliseringens overkvinde" Lotte Lund January 28, 2005 2005 has been claimed to be a year of disasters and we might end up seeing 2006 in the same light. The world seems to be trapped in a web of crises and insecurity, fear of terror, hurricanes, hunger, climate changes, and downward going house-prices. Today, we will present a view on why things have gone so wrong and what's left for us to do about it. (...) Decisions makers are spinning from one crisis to the other - without exactly knowing how to manoeuvre in a globalized world. However, according to the UNDP, it doesn't have to be so difficult and expensive - both in terms of human costs and money. Danmarks Radio, Orientering "Hjørnet: Underforsyning af Globale Offentlige Goder er et Globalt Problem" Kirsten Larsen January 27, 2006 Available at: http://www.dr.dk/P1/orientering/indslag/2006/01/27/185903.htm

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