Financing sustainable development using a feasible Tobin tax

Cassimon, Danny (author)

This article attempts to present a strong case for the introduction of a specific type of Tobin tax as a powerful instrument in promoting sustainable development, both directly and indirectly. Indirectly, it could discourage financial speculation and currency crises with their devastating effects on countries; directly, as a tax whose proceeds TS could be used as an alternative source of sustainable development finance in order to promote the establishment of international public goods. The original Tobin tax proposal can be turned into a feasible instrument by engineering it as a two-tier tax (the so-called Spahn version of the Tobin tax), with the tax being collected through an international settlements system. A concrete scheme along these lines is proposed.

• Language: English
• Keywords: sustainable development, political economy, public goods, financing, Tobin tax, currency speculation
• Work type: Article
• Typology: 1.01 - Original Scientific Article
• Organization: FDV - Faculty of Social Sciences
• Year: 2001
• Number of pages: Str. 157-173, 188, 191
• Numbering: Vol. 4, no. 2
• PID: 20.500.12556/RUL-135767
• UDC: 336.5:502.131.1
• ISSN on article: 1408-6980
• COBISS.SI-ID: 20633181
• Publication date in RUL: 30.03.2022

Record is a part of a journal

• Title: Journal of international relations and development
• Shortened title: J. int. relat. & dev.
• Publisher: University of Ljubljana, Faculty of Social Sciences, Centre of International Relations
• ISSN: 1408-6980
• COBISS.SI-ID: 76065792

Secondary language

• Language: Slovenian
• Title: Financiranje trajnostnega razvoja z uporabo izvedljivega Tobinovega davka

Abstract

Članek skuša predstaviti prepričljiv argument za uvedbo specifične vrste Tobinovega davka kot močnega instrumenta za neposredno in posredno pospeševanje trajnostnega razvoja. Posredno lahko uvedba takšnega davka odvrne finančno špekuliranje in krize valut, ki imajo uničuj oče učinke na države. Neposredno pa bi uvedba tega davka pomenila alternativni vir financiranja trajnostnega razvoja, ki bi pospešil osnovanje mednarodnih javnih dobrin (international public goods). Originalni Tobinov predlog tovrstnega davka je mogoče spremeniti v izvedljiv instrument, če bi ga organizirali kot dvostebrni davek (tako imenovana Spahnova verzija Tobinovega davka), ki bi se stekal v sistem mednarodnih poravnav. Na osnovi teh zamisli avtor predlaga konkretno shemo Tobinovega davka.

• Keywords: trajnostni razvoj, politična ekonomija, javne dobrine, financiranje, Tobinov davek, valutne špekulacije