Goal Eight of the Millennium Development Goals does not have detailed enough targets to define the objectives and actions that are needed in the area of global finance, including the problems of debt, capital flows and a healthy system of financing for development. The emerging paradigm calls for developing countries to take a pragmatic approach to globalisation and liberalisation and to integrating their domestic economies with the global economy in the areas of finance, trade and investment. However, the financial system as a whole -increasingly characterised by the absence of regulations, transparency or a fair set of rules for resolving the conflicts between debtor and creditor countries - requires an overhaul, says this article on the website www.socialwatch.org.