LATEST PUBLICATIONS
PIDS EPM 2020-2021
Reset and Rebuild for a Better Philippines in the Post-pandemic World
DLSU-AKI Working Paper Series 2021-11-079
Examining and Evaluating the Multidimensional Energy Poverty Index (MEPI) in the Philippine Household Context
DLSU-AKI Working Paper Series 2021-11-078
A Game Theoretic Study on CSR and Government Intervention for Sustainable Production
DLSU-AKI Working Paper Series 2021-11-077
Obstacles to Economic Freedom Affecting Micro, Small, and Medium Enterprises (MSMEs) in Southeast Asian Countries

LATEST AV MATERIALS
PIDS WB 2021-1104
Assessing the Philippines' Performance in Meeting the ASEAN Economic Community Vision 2025
PIDS WB 2021-1103
Examining The Health Impacts Of The COVID-19 Pandemic In The Philippines
ILS-AVP-01
ILS 30th Anniversary Video
PIDS WB 2021-1102
Evaluating the Pantawid Pamilyang Pilipino Program's Payment System
Publication Detail
AER 2007-03: How Relevant is Financing for Development?

Financing for development (FFD) is thought to be the answer on how to acquire the tremendous resources needed to attain the Millennium Development Goals (MDGs). FFD has become an overarching framework that weaves together major themes or what the official document calls “leading actions.” To wit: the mobilization of domestic financial resources (e.g, taxation), international trade, international private resources (e.g., foreign direct investments or FDI), international financial cooperation (mainly official development assistance or ODA), external debt, and systemic issues that will provide the coherence of the multilateral monetary, financial, and trading systems. However, the problem with blueprints such as the MDGS and FFDs is that their models and details do not exactly correspond to the complexity of development in a particular country. This brings us to the relevance of country growth diagnostics, as amplified by Hausmann, Rodrik, and Velasco (2004), among others. The key in growth diagnostics is to identify a particular economy’s binding constraint(s). In the context of country diagnostics, international mechanisms such as the FFD become a secondary matter, unless it turns out that the main binding constraint on sustained growth in the Philippines pertains to global rules.

Action for Economic Reforms
Authors Keywords
Sta Ana III, Filomeno; financial capital; millennium development goals (MDG); financial development;
Download PDF Number of Downloads
Published in 2007 and available in the AER website or Downloaded 430 times since November 25, 2011
×
Please let us know your reason for downloading this publication. May we also ask you to provide additional information that will help us serve you better? Rest assured that your answers will not be shared with any outside parties. It will take you only two minutes to complete the survey. Thank you.


To use as reference:
If others, (Please specify):
Name: (optional)
Email: (required, but will not display)
Age:
Gender:
If Prefer to self-describe, please specify:
Level of Education:
Occupation:
If employed either part-time or full-time, name of office:
If others, (Please specify):
Would you like to receive the SERP-P UPDATES e-newsletter? Yes No
Use the space below if you have any comment about this publication or SERP-P knowledge resources in general.