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Books > Business & Economics > Finance & accounting > Finance > Public finance > General

The Shadow Economy, Corruption and Governance (Hardcover): Michael Pickhardt, Edward Shinnick The Shadow Economy, Corruption and Governance (Hardcover)
Michael Pickhardt, Edward Shinnick
R2,304 Discovery Miles 23 040 Shipped within 7 - 12 working days

This book contributes to the current debates on the shadow economy and related issues of tax evasion and corruption. The approach taken here is one that will develop a better understanding of these related issues, which are increasingly seen as impediments to country competitiveness and economic growth. Economists and policymakers are increasingly focused on how the shadow economy operates. The contributors discuss how effective corporate governance may help to reduce both the occurrence and effects of illegal activities. The book begins by considering institutional governance and how issues such as economic growth and development can be better understood by gaining a deeper understanding of the decision-making process. The importance of collective persuasion and collective decision-making in an institutional context is illustrated. The remainder of the work details a series of empirical studies outlining the role of governance and institutional capacity in assessing economic performance, the role of political competition in reducing corruption and measures of, and influences on, corruption in different countries around the world. Institutions such as the WTO, World Bank and the IMF will find much to engage them in this book as will policy makers in government and research policy agencies. It will also hold great appeal to academics (postgraduate and above) in the fields of political economy, economic development and international economics.

Benefit-Cost Analysis (Hardcover): Richard O. Zerbe Benefit-Cost Analysis (Hardcover)
Richard O. Zerbe
R9,697 Discovery Miles 96 970 Shipped within 7 - 12 working days

Benefit-cost analysis is at heart a subject of practicality and usefulness. With this in mind, the editor has chosen the most relevant previously published articles for these volumes. Having explored the theoretical and ethical underpinnings of the subject, the book then addresses some major policy issues and debates. These include the institutional arrangements through which benefit-cost analyses would be most useful to the policy and decision process, the need for a set of principles and standards to unify benefit-cost analysis methods, the use of general equilibrium analysis and the proper treatment of uncertainty and risk. In his new introduction, the editor offers his own particular viewpoint and raises issues which will intrigue both academics and practitioners.

The Power and Independence of the Federal Reserve (Paperback): Peter Conti-Brown The Power and Independence of the Federal Reserve (Paperback)
Peter Conti-Brown; Afterword by Peter Conti-Brown
R514 R341 Discovery Miles 3 410 Save R173 (34%) Shipped within 7 - 12 working days

The independence of the Federal Reserve is considered a cornerstone of its identity, crucial for keeping monetary policy decisions free of electoral politics. But do we really understand what is meant by "Federal Reserve independence"? Using scores of examples from the Fed's rich history, The Power and Independence of the Federal Reserve shows that much common wisdom about the nation's central bank is inaccurate. Legal scholar and financial historian Peter Conti-Brown provides an in-depth look at the Fed's place in government, its internal governance structure, and its relationships to such individuals and groups as the president, Congress, economists, and bankers. Exploring how the Fed regulates the global economy and handles its own internal politics, and how the law does--and does not--define the Fed's power, Conti-Brown captures and clarifies the central bank's defining complexities. He examines the foundations of the Federal Reserve Act of 1913, which established a system of central banks, and the ways that subsequent generations have redefined the organization. Challenging the notion that the Fed Chair controls the organization as an all-powerful technocrat, he explains how institutions and individuals--within and outside of government--shape Fed policy. Conti-Brown demonstrates that the evolving mission of the Fed--including systemic risk regulation, wider bank supervision, and as a guardian against inflation and deflation--requires a reevaluation of the very way the nation's central bank is structured. Investigating how the Fed influences and is influenced by ideologies, personalities, law, and history, The Power and Independence of the Federal Reserve offers a uniquely clear and timely picture of one of the most important institutions in the United States and the world.

Handbook of Fiscal Federalism (Paperback): Ehtisham Ahmad, Giorgio Brosio Handbook of Fiscal Federalism (Paperback)
Ehtisham Ahmad, Giorgio Brosio
R1,233 Discovery Miles 12 330 Shipped within 7 - 12 working days

This major Handbook addresses fiscal relations between different levels of government under the general rubric of `fiscal federalism', providing a review of the latest literature as well as an invaluable guide for practitioners and policy makers seeking informed policy options. The contributors include leading lights in the field, many of whom have themselves made seminal contributions to the literature. Comprehensive and wide in coverage, the issues covered range from federal systems to other forms of intergovernmental relations, such as supra-national constructs - namely, the European Union - unitary states, regional systems, and more decentralized operations, including community level organizations. The political economy approach emphasizes the importance of institutional arrangements, including the legal, political and administrative aspects, and information flows to ensure that there are appropriate incentives and sanctions to generate good governance. This Handbook also devotes attention to emerging issues, such as environmental protection, the sharing of natural resources among levels of government, corruption and the impact of federalism and decentralization on national unity. It will be a vital reference tool for the area for many years to come.

Modern Money Theory - A Primer on Macroeconomics for Sovereign Monetary Systems (Paperback): L.Randall Wray Modern Money Theory - A Primer on Macroeconomics for Sovereign Monetary Systems (Paperback)
L.Randall Wray
R1,270 Discovery Miles 12 700 Shipped within 7 - 12 working days

In a challenge to conventional views on modern monetary and fiscal policy, this book presents a coherent analysis of how money is created, how it functions in global exchange rate regimes, and how the mystification of the nature of money has constrained governments, and prevented states from acting in the public interest.

Fiscal Federalism and Political Decentralization - Lessons from Spain, Germany and Canada (Hardcover, illustrated edition):... Fiscal Federalism and Political Decentralization - Lessons from Spain, Germany and Canada (Hardcover, illustrated edition)
Nuria Bosch, Jose M. Duran
R2,304 Discovery Miles 23 040 Shipped within 7 - 12 working days

This highly original book analyzes political decentralization and fiscal federalism in Canada and Germany, both traditional federal countries, and in Spain, a unitarian country engaged in the last two decades in a process of decentralization. The three key issues required for a well designed financing system are analyzed in depth herein, namely: tax assignment, equalization grants (i.e. redistribution of money from the wealthy regions or the national government to poorer regions) and the role of regional government in the administration of taxes. Fiscal Federalism and Political Decentralization will be of particular interest to academics and researchers of economics, public economics, public finance and public choice. It will also appeal to politicians and policy makers as well as organizations and agencies related to the economy and fiscal federalism.

Tax Reform in Russia (Hardcover): Jorge Martinez-Vazquez, Mark Rider, Sally Wallace Tax Reform in Russia (Hardcover)
Jorge Martinez-Vazquez, Mark Rider, Sally Wallace
R2,138 Discovery Miles 21 380 Shipped within 7 - 12 working days

The fall of the Soviet Union in 1991 brought enormous political, economic, and social challenges. Since 1991 fiscal reform has been a pillar of Russia's reform agenda. This book analyzes the effort to adopt a modern tax code where previously there were few recognizable taxes, establish an efficient tax administration where taxpayers had never paid taxes directly, and decentralize the system of governance where power had been centralized and dictatorial. Despite the remarkable achievements, many old and new challenges remain. The authors bring an analytical approach to fiscal reform in Russia, providing a detailed analysis of the tax system and estimates of tax compliance and evasion. The book offers a careful examination of the fiscal architecture of Russia and concludes with a presentation of remaining reform needs and options for Russia. Based on Russia's reform experience, the authors also draw lessons for fiscal reform in other developing and transitional countries. Given the dynamic nature of Russia's economic development, this book will prove a timely and informative resource for academics in economics, public finance, political science and public administration as well as for policy makers. Its lessons will also be useful for officials involved with finance in transition and developing countries.

Rewriting the Rules of the American Economy - An Agenda for Growth and Shared Prosperity (Paperback): Josephe Stiglitz Rewriting the Rules of the American Economy - An Agenda for Growth and Shared Prosperity (Paperback)
Josephe Stiglitz
R281 R234 Discovery Miles 2 340 Save R47 (17%) Shipped within 7 - 13 working days

Inequality is a choice. The United States bills itself as the land of opportunity, a place where anyone can achieve success and a better life through hard work and determination. But the facts tell a different story-the U.S. today lags behind most other developed nations in measures of inequality and economic mobility. For decades, wages have stagnated for the majority of workers while economic gains have disproportionately gone to the top one percent. Education, housing and health care-essential ingredients for individual success-are growing ever more expensive. Deeply rooted structural discrimination continues to hold down women and people of colour, and more than one-fifth of all American children now live in poverty. These trends are on track to become even worse in the future. Some economists claim that today's bleak conditions are inevitable consequences of market outcomes, globalisation and technological progress. If we want greater equality, they argue, we have to sacrifice growth. This is simply not true. American inequality is the result of misguided structural rules that actually constrict economic growth. We have stripped away worker protections and family support systems, created a tax system that rewards short-term gains over long-term investment, offered a de facto public safety net to too-big-to-fail financial institutions, and chosen monetary and fiscal policies that promote wealth over full employment.

Cost-Benefit Analysis and Incentives in Evaluation - The Structural Funds of the European Union (Hardcover, illustrated... Cost-Benefit Analysis and Incentives in Evaluation - The Structural Funds of the European Union (Hardcover, illustrated edition)
Massimo Florio
R2,569 Discovery Miles 25 690 Shipped within 7 - 12 working days

This book provides an authoritative contribution to applied cost-benefit analysis (CBA) and other evaluation methods in the context of the regional policy of the European Union. Through the use of Structural Funds and other financial and regulatory mechanisms, the EU will help to promote thousands of infrastructure projects in the next decade. CBA will be a key ingredient in the investment decision process and the authors provide important insights from their international experiences in project appraisal and evaluation and point to some valuable lessons to be learnt for the future. Some key questions addressed by the expert contributors include: * How should a planner design incentives to stimulate evaluation efforts in project appraisal? * What can we learn from the evaluation experience at the European Commission, the European Investment Bank, The European Bank for Reconstruction and Development and the World Bank? * What is the appropriate shadow price of time for Trans-European networks in transport? * Is there a consensus on the value of the statistical life in environment projects? * Should we use one unique European social discount rate or several? Edited by Massimo Florio, a leading expert in CBA and author of the EC, Guide to Cost-Benefit Analysis of Investment Projects (2002), this book will be warmly welcomed by practitioners in investment planning and evaluation, students in public economics, planning, development and European studies, and academics and researchers of CBA and applied welfare economics.

The Politics and Economics of Regional Transfers - Decentralization, Interregional Redistribution and Income Convergence... The Politics and Economics of Regional Transfers - Decentralization, Interregional Redistribution and Income Convergence (Hardcover)
Fabio Padovano
R1,967 Discovery Miles 19 670 Shipped within 7 - 12 working days

Which programmes of income redistribution across jurisdictions are likely to be chosen in democratic countries and why? How does the degree of government centralization affect these choices? How does redistribution of income across regions interact with the migration of factors of production? Do these processes reinforce or do they obstruct each other, and why? This book tries to answer these questions and others related to the issue of income redistribution across states and regions. The book adopts a positive, public choice approach in the theoretical analysis and tests the predictions on evidence drawn from a highly centralized country (Italy) and a highly decentralized one (the United States). The Politics and Economics of Regional Transfers will be of great interest to scholars of economics, public finance and public choice. Students of economics, economic development, political economy, regional and local economics, public finance and public choice will also find it of interest, as will policy analysts.

Fiscal Sociology and the Theory of Public Finance - An Exploratory Essay (Hardcover): Richard E. Wagner Fiscal Sociology and the Theory of Public Finance - An Exploratory Essay (Hardcover)
Richard E. Wagner
R1,992 Discovery Miles 19 920 Shipped within 7 - 12 working days

This book advances a social-theoretic treatment of public finance, which contrasts with the typical treatment of government as an agent of intervention into a market economy. To start, Richard Wagner construes government not as an agent but as a polycentric process of interaction, just as is a market economy. The theory of markets and the theory of public finance are thus construed as complementary components of a broader endeavor of social theorizing, with both seeking to provide insight into the emergence of generally coordinated relationships within society. The author places analytical focus on emergent processes of development rather than on states of equilibrium, and with much of that development set in motion by conflict among people and their plans. Some of the book's defining characteristics include: * Budgets emerge through organizationally constituted political entrepreneurship * Government is construed as a process of interaction and participation and not as a unitary entity of intervention * Government and markets are incorporated into a unified theory of property which is traced to human nature and its requirements for both autonomy and solidarity. Richard Wagner's book will be of interest to researchers in public finance, public choice, Austrian economics, political science and public policy.

The Distributional Effects of Indirect Taxes - Models and Applications from New Zealand (Hardcover, illustrated edition): John... The Distributional Effects of Indirect Taxes - Models and Applications from New Zealand (Hardcover, illustrated edition)
John Creedy, Cath Sleeman
R2,138 Discovery Miles 21 380 Shipped within 7 - 12 working days

This book develops a number of analytical models and presents empirical analyses of the equity and efficiency effects of existing indirect taxes from New Zealand. Potential tax reforms including environmental taxes are also examined and the methods presented can easily be adapted to deal with other countries. Policy debates are inevitably influenced by value judgements, which are seldom made explicit either by governments or those engaging in public discussion. By concentrating on the empirical orders of magnitude, and by examining the implications of adopting alternative value judgements, the findings of this book contribute towards rational policy debate, rather than relying on guesswork and rhetoric. The equity and efficiency effects of indirect taxes are examined in detail, using the central concepts of welfare changes, the excess burden of taxation, and money metric utility measures. The indirect taxes examined include a carbon tax designed to reduce carbon dioxide emissions. The Distributional Effects of Indirect Taxes develops widely applicable models and will therefore appeal to economists interested in public economics, tax policy, inequality measurement, welfare economics and tax modelling. Economists in government departments and international agencies interested in public finance and inequality and poverty measurement will also find much to engage them in this book, as will policymakers concerned with indirect and environmental tax policy, inequality, and welfare economics.

Local Public Finance in Central and Eastern Europe (Hardcover): Zelijko Sevic Local Public Finance in Central and Eastern Europe (Hardcover)
Zelijko Sevic
R3,243 Discovery Miles 32 430 Shipped within 7 - 12 working days

This book explores the system of financing local governments in selected countries of Central and Eastern Europe. Using evidence from the last two decades, the authors, experts on their particular countries, describe the development of the current local government finance system in each nation, and the major challenges and policy options they face. The contributions in this book provide comprehensive coverage of a transitional Europe that encompasses both modern local public finance theory and specific applications in the target countries. The book is a recommended read not only for students of local government and local public finance, but also practitioners and all those who have to deal with the accountability and financial issues at local government level in Central and Eastern Europe.

Handbook of Fiscal Federalism (Hardcover): Ehtisham Ahmad, Giorgio Brosio Handbook of Fiscal Federalism (Hardcover)
Ehtisham Ahmad, Giorgio Brosio
R4,337 Discovery Miles 43 370 Shipped within 7 - 12 working days

This major Handbook addresses fiscal relations between different levels of government under the general rubric of `fiscal federalism', providing a review of the latest literature as well as an invaluable guide for practitioners and policy makers seeking informed policy options. The contributors include leading lights in the field, many of whom have themselves made seminal contributions to the literature. Comprehensive and wide in coverage, the issues covered range from federal systems to other forms of intergovernmental relations, such as supra-national constructs - namely, the European Union - unitary states, regional systems, and more decentralized operations, including community level organizations. The political economy approach emphasizes the importance of institutional arrangements, including the legal, political and administrative aspects, and information flows to ensure that there are appropriate incentives and sanctions to generate good governance. This Handbook also devotes attention to emerging issues, such as environmental protection, the sharing of natural resources among levels of government, corruption and the impact of federalism and decentralization on national unity. It will be a vital reference tool for the area for many years to come.

The Elgar Companion to Public Economics - Empirical Public Economics (Hardcover, New ed.): Attiat F Ott, Richard J. Cebula The Elgar Companion to Public Economics - Empirical Public Economics (Hardcover, New ed.)
Attiat F Ott, Richard J. Cebula
R4,095 Discovery Miles 40 950 Shipped within 7 - 12 working days

Attiat Ott and Richard Cebula have recognised the need to present, in an accessible and straightforward way, the voluminous literature in the public economics arena. Advances in econometric techniques and the spillover of knowledge from other disciplines made it difficult, not only for students but also for lecturers, to accurately find the information they need. This major Companion addresses a wealth of topics common to the study of both public economics and public choice including questions such as: How does one structure the whole spectrum of public finance in a manageable framework? What is Wagner's Law really about and what does empirical testing tell us? How binding is the budget constraint? How encompassing is a dictator's interest? How do veto powers of the executive, institutional structures and regimes affect public sector outcomes? Do voters behave rationally? Do conflicts yield benefits? Is war cost effective and does secession offer a viable exit option? The contributions, both theoretical and empirical, shed light on some contentious issues in the public economics literature and provide readers with insight into issues that are at the forefront of discussions about the public economy. The empirical analysis utilizes recent econometric techniques to validate or refute empirical findings based on older `vintage' econometrics. The diversity of coverage ranges from traditional models of the public economy to the incorporation of defence spending as a significant and often neglected function of the public sector. The contributors include many pioneers and leading lights in the field. The Elgar Companion to Public Economics will be required reading for academics and scholars at many levels in the fields of public economics and public choice but mainly graduate and above. The Companion will also be of value to scholars in the wider social sciences in general and political science in particular.

Competition in the Provision of Local Public Goods - Single Function Jurisdictions and Individual Choice (Hardcover,... Competition in the Provision of Local Public Goods - Single Function Jurisdictions and Individual Choice (Hardcover, illustrated edition)
Alexandra Petermann Reifschneider
R2,186 Discovery Miles 21 860 Shipped within 7 - 12 working days

The central purpose of this book is to analyse the optimal allocation of local public goods or services (for example garbage collection, police, fire brigades and medical services) in large urban agglomerations and the allocation consequences of increasing competition in the provision of them. Competition in the Provision of Local Public Goods uses two innovative aspects present in the concept of Functional Overlapping Competing Jurisdictions, which are de-localized membership and uni-functionality of jurisdictions. The book analyses the effect of these two aspects on competition among jurisdictions and the impact this probable increase in competition may have on the achievement of the optimal allocation of local public goods. The primary audience for this work is academics and researchers in the fields of urban and regional economics, location theory and public policy. An important secondary audience will be scholars of industrial organization, who can use the framework developed here for analyzing other problems related with the location of individuals in space.

Charging for Government - User charges and earmarked taxes in principle and practice (Hardcover): Richard E. Wagner Charging for Government - User charges and earmarked taxes in principle and practice (Hardcover)
Richard E. Wagner
R2,536 Discovery Miles 25 360 Shipped within 7 - 12 working days

Originally published in 1991, user charges and earmarked taxes are methods by which people pay directly for the services they recieve from government. As such they are frequently supported by those who oppose increased taxation, who argue that they are more like market transactions than traditional forms of taxation. This book explores the cogency of these arguments in the light of public choice analyses of political processes.

The Public Financing of Pharmaceuticals - An Economic Approach (Hardcover, illustrated edition): Jaume Puig-Junoy The Public Financing of Pharmaceuticals - An Economic Approach (Hardcover, illustrated edition)
Jaume Puig-Junoy
R2,279 Discovery Miles 22 790 Shipped within 7 - 12 working days

This book provides a complete approach to the economics of financing medicines and policy implications for the efficiency and equity of health systems. In all health systems with majority public financing, pharmaceutical reimbursement is one of the key factors in policies of change and transformation of health services in order to face the future with guarantees of financial sustainability. The initial chapters seek to answer questions about the efficiency with which the public sector intervenes in the pharmaceutical industry: Is the present system of drug patents efficient and fair? What would be the best way to control drug prices? Is it possible to encourage competition in this market for the patient's benefit? The remainder of the book provides evidence on the impact of instruments and policies aimed at rationalising and controlling pharmaceutical expenditure: What can we expect from the application of reference pricing systems? When, how and where should the user be made to share the cost of medicines? What economic and non-economic incentives should be applied to drug prescription? Jaume Puig-Junoy has performed an invaluable task in creating a cohesive, and analytically rigorous book of specially commissioned chapters on this pertinent topic. The Public Financing of Pharmaceuticals will appeal to academics and researchers involved in public finance, health policy, health economics, industrial organisation and the pharmaceutical markets in Europe and in the US, where there is increasing public interest in drug coverage. The book is also intended for a wide variety of professionals in the health industries and policymakers.

The American Economy from Roosevelt to Trump (Paperback, 1st ed. 2018): Vittorio Valli The American Economy from Roosevelt to Trump (Paperback, 1st ed. 2018)
Vittorio Valli
R457 R352 Discovery Miles 3 520 Save R105 (23%) Shipped within 7 - 11 working days

`This is essential reading for anybody interested in global history.' -Professor Ugo Panizza, The Graduate Institute of Geneva, Switzerland This illuminating book offers a compact survey and new interpretation of trends and policies in the US economy from the end of the nineteenth century to the initial period of the Trump administration. Valli maps three stages in this period of US economic history: first, the economic and demographic consequences of the frontier; second, the Fordist model of growth; and third, the attempt to build an economic empire through economic and financial globalization, military and political power and rapid technological progress. Examining pivotal moments from the Wall Street Crash and the World Wars to the recent Great Recession, Obamacare and Trump's electoral promises and first controversial decisions, this book is essential reading for all those interested in American economic power and its future.

The New Democratic Federalism For Europe - Functional, Overlapping and Competing Jurisdictions (Paperback, New edition): Bruno... The New Democratic Federalism For Europe - Functional, Overlapping and Competing Jurisdictions (Paperback, New edition)
Bruno S. Frey; Edited by Reiner Eichenberger
R576 Discovery Miles 5 760 Shipped within 7 - 12 working days

This innovative book proposes a new institutional arrangement for government to fulfil the needs of its citizens as well as possible. Existing aspects of federalism and direct democracy in Europe are strengthened, and as a result future developments arising in the region are coped with better. In this book Bruno Frey and Reiner Eichenberger propose a new model of federalism which includes new types of governmental units established by citizens from below. These units are called functional, overlapping and competing jurisdictions as they extend over task-specific areas and therefore overlap. They also provide competitive governance via direct and representative democratic institutions, and as jurisdictions they have independent power over taxation policy. This new model is more responsive to citizens' preferences and adjusts more dynamically to provide public services efficiently. The authors suggest that this new system should be allowed to develop in Europe to safeguard diversity and ensure that decentralization emerges effectively. It would also allow for the flexible integration of East European transition economies into the European Union and may also combine with traditional modes of government in developing countries. This book will be warmly welcomed by economists, political scientists and sociologists interested in the future of the European Union, by all those studying federal systems of government, and by those interested in the prospects for improving democratic institutions throughout the world.

Modernizing Civil Services (Hardcover): Tony Butcher, Andrew Massey Modernizing Civil Services (Hardcover)
Tony Butcher, Andrew Massey
R2,190 Discovery Miles 21 900 Shipped within 7 - 12 working days

Civil services in Western liberal democracies have undergone significant changes since the early 1980s, so much so that many of the traditional assumptions underpinning their role and operating practices have been fundamentally questioned. This volume explores a number of themes inherent in this transformation process and the significant problems encountered in modernizing civil services. The commitment to modernizing public services has been a constant trend of Western governments and has encompassed many approaches under a variety of labels, such as new public management and reinventing government. As a result of such developments, the public services of many countries have been transformed, with civil services being singled out for particular attention. This book critically examines the application of the modernization agenda in the old Commonwealth, the USA and Western Europe, including the institutions of the EU. Particular attention is given to developments in the British civil service, including the implications of devolved government, human rights legislation, and the Blair government's attempts to improve the policy process. For students and academics of public administration, public policy and comparative politics, this book will provide unrivalled coverage of one of the most critical issues in contemporary public management and policy.

The Political Economy of the Voluntary Sector - A Reappraisal of the Comparative Institutional Advantage of Voluntary... The Political Economy of the Voluntary Sector - A Reappraisal of the Comparative Institutional Advantage of Voluntary Organizations (Hardcover)
Brian E. Dollery, Joe L. Wallis
R1,971 Discovery Miles 19 710 Shipped within 7 - 12 working days

In this book, the authors outline how policymakers in advanced countries have moved away from exclusive reliance on the public sector in social service delivery, towards a more multi-faceted approach that seeks to combine the strengths of public agencies, private firms and voluntary organizations. This development raises interesting and complex questions concerning the comparative advantages of these respective groups in the delivery of goods and services. The Political Economy of the Voluntary Sector adopts a comparative institutions approach to assess the strengths and weaknesses of the government, market and voluntary sectors as alternative instruments for implementing social and economic policies. The authors examine existing market failure, government failure and supply-side models of non-profit organizations before proposing a new leadership theory of the voluntary sector. They then explore the interface between the voluntary sector and the development of social capital. The book culminates in an investigation of appropriate public policy approaches towards the voluntary sector. This book will be warmly welcomed by academics, students, and researchers working on alternative methods of public policy program delivery, primarily from the disciplines of economics, political science and public administration. Practitioners drawn from the public and voluntary sectors, as well as public policymakers in governments from around the world, will also find this accessible book of great interest.

Monetary Union in South America - Lessons from EMU (Hardcover, illustrated edition): Philip Arestis, Luiz Fernando de Paula Monetary Union in South America - Lessons from EMU (Hardcover, illustrated edition)
Philip Arestis, Luiz Fernando de Paula
R1,971 Discovery Miles 19 710 Shipped within 7 - 12 working days

The integration process of `The Common Market of the South' (MERCOSUR) has been characterized by serious economic turbulence, including the devaluation of the Brazilian currency and the severe Argentinean monetary crisis. As a response to these difficulties, the adoption of monetary union has emerged as one possible solution to the financial uncertainty which has plagued this region. Whereas some believe MERCOSUR should become a free trade area, others are convinced that nothing less than full monetary union can bring stability to the region and ease the financial fragility of the member countries. This book discusses the future of MERCOSUR, focusing on monetary union and macroeconomic policy co-ordination, and addresses a number of important questions including: * is it possible, or even desirable, to achieve monetary integration? * what would the pre-conditions be for establishing such a union? * what would the convergence criteria be for joining the monetary union? * what are the expected economic consequences for the member countries? These questions are all addressed with particular reference to the experience of EMU and the lessons which can be learnt by MERCOSUR countries, in terms of the difficult transitions they may have to face. The book brings together a host of distinguished British, Argentinean and Brazilian economists to elucidate the critical policy issues surrounding the merits of monetary union in South America. Financial economists, international monetary economists, international relations experts, academics and practitioners interested in the issues surrounding economic and monetary union will all value the perceptive insights found in this volume.

Restructuring Local Government Finance in Developing Countries - Lessons from South Africa (Hardcover): Roy W. Bahl, Paul Smoke Restructuring Local Government Finance in Developing Countries - Lessons from South Africa (Hardcover)
Roy W. Bahl, Paul Smoke
R2,425 Discovery Miles 24 250 Shipped within 7 - 12 working days

Examining cutting-edge issues of international relevance in the ongoing redesign of the South African local government fiscal system, the contributors to this volume analyze the major changes that have taken place since the demise of apartheid. The 1996 Constitution and subsequent legislation dramatically redefined the public sector, mandating the development of democratic local governments empowered to provide a wide variety of key public services. However, the definition and implementation of new local functions and the supporting democratic decision-making and managerial capabilities are emerging more slowly than expected. Some difficult choices and challenges commonly faced by developing countries must be dealt with before the system can evolve to more effectively meet the substantial role envisioned for local governments. The contributors outline these choices and challenges, consider options for meeting them, and review the implications of different decisions. Their analyses also highlight the interrelationships among the elements of the local fiscal structure, and emphasize the often-ignored challenge of how to define an appropriate fiscal decentralization implementation strategy in an environment where local governments are extremely diverse in terms of needs, resources and capacities. Though the research, much of it based on newly collected data, is specific to South Africa, the approach provides a model for other countries facing similar fiscal decentralization policy challenges. Applied public finance and policy academics, policymakers in developing countries, researchers and program managers in international development organizations, and students interested in local government finance in developing countries will find this timely and comprehensive volume a valuable addition to their libraries.

Prosperity and Public Spending - Transformational growth and the role of government (Paperback): Edward Nell Prosperity and Public Spending - Transformational growth and the role of government (Paperback)
Edward Nell
R797 Discovery Miles 7 970 Shipped within 7 - 12 working days

In a dramatic and well-argued challenge to the prevailing wisdom, Prosperity and Public Spending, first published in 1988, contends that the failure of Keynesian economics has been due to its timidity. Far from contracting, the government must expand its powers and activities, in order to achieve and maintain economic prosperity. The need for such expansion arises from the fact that the system has developed from a craft-based economy to a mass-production network with sophisticated international finance. This "transformational growth" brings about irreversible and sometimes devastating changes, requiring government action. Professor Nell argues that a lack of government action in the decade prior to the book's initial publication was responsible for the stagnation of the economy and he asserts that this could only be overcome by a determined policy intervention and the political will to achieve dominance over private capital.

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