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Private Markets for Public Goods - Raising the Stakes in Economic Reform (Paperback) Loot Price: R633
Discovery Miles 6 330
Private Markets for Public Goods - Raising the Stakes in Economic Reform (Paperback): Carol L. Graham

Private Markets for Public Goods - Raising the Stakes in Economic Reform (Paperback)

Carol L. Graham

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Loot Price R633 Discovery Miles 6 330 | Repayment Terms: R59 pm x 12*

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This book studies the effects of incorporating market incentives into the public goods arena. Carol Graham examines the effects of market-based strategies on the performance of public institutions, the political sustainability of market reforms, and equity. In so doing, she examines a variety of reform experiences in the realms of education, health, social security, and state- owned enterprises and across a range of country and income contexts, with case studies drawn from Latin America, Africa, and Eastern Europe.

The studies show that the incorporation of new market incentives, such as vouchers in education and private social security systems, can have positive effects on the performance of public institutions. The effects on equity are less clear, however, and in many cases efficiency gains entail short-term equity losses. The poorest sectors are usually least equipped to take advantage of new incentives and may be marginalized from the reforms and lose access to essential services. Yet in the long-term, negative equity effects are usually counter-balanced by the benefits of enhancing the performance of public institutions. As this book makes clear, the issues explored have relevance for advanced industrial societies as well as for developing economies.

General

Imprint: Brookings Institution Press
Country of origin: United States
Release date: June 1998
First published: June 1998
Authors: Carol L. Graham
Dimensions: 229 x 152 x 28mm (L x W x T)
Format: Paperback
Pages: 398
ISBN-13: 978-0-8157-3229-7
Categories: Books > Business & Economics > Economics > Development economics
Books > Business & Economics > Business & management > Ownership & organization of enterprises > Privatization
Books > Business & Economics > Finance & accounting > Finance > Public finance > General
Books > Money & Finance > Public finance > General
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LSN: 0-8157-3229-5
Barcode: 9780815732297

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