Why did the figure 0.7% of national income for aid get chosen?
Research by the United Nations (UN) indicates that 0.7% of rich world GNI can provide enough resources to meet the UN Millennium Development Goals. The figure was already first committed to in a 1970 General Assembly Resolution. By supplying a percentage rather than a set amount, all countries can make a fair contribution relative to their wealth.
Related Questions
- Would like to know about how the simple Keynesian cross model may be solved for a unique equilibrium level of national income. And What impact a fall in interest rate would have on the equilibrium?
- How Did the National Action Plan Get Started and How Were Members of the Leadership Group Chosen?
- Where can I find specific formulas to figure double-taxed income and tax paid to other states?