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The Status Quo Dynamic : Innovative Financing and the Financial Transactions Tax (2008-2014) Initially proposed by James Tobin, the notion of a financial transactions tax was revived in the early 2000s in the area of development assistance. By making use of a globalized sector, it was seen as...

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Sparad:
Bibliografiska uppgifter
Huvudupphovsman: Touze, Vincent
Materialtyp: Article ou chapitre numérique
Språk:Français
Publicerad: 2014
Länkar:Accès Université d'Orléans et IFPM
Accès Université d'Orléans et IFPM
Beskrivning
Sammanfattning:The Status Quo Dynamic : Innovative Financing and the Financial Transactions Tax (2008-2014) Initially proposed by James Tobin, the notion of a financial transactions tax was revived in the early 2000s in the area of development assistance. By making use of a globalized sector, it was seen as a mechanism allowing for new, stable and lasting multilateral resources for poor countries – the very definition of “innovative financing”. In 2002- 2012, this instrument was the object of unprecedented French diplomatic mobilization in international bodies. Its ultimate results, however, consisted in a domestic tax and a European process that excluded development financing. Drawing upon field work, the present article examines the political and administrative dynamics that ushered what was long seen as a heterodox instrument into the realm of possibility, transformed a global question into a purely domestic one and, in the European case, deflected the instrument from the purpose initially assigned to it – development financing – in order to win support at the international level. ■