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Books > Business & Economics > Economics > International economics > International trade
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Development Policy as Public Finance (Hardcover, New)
Loot Price: R2,592
Discovery Miles 25 920
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Development Policy as Public Finance (Hardcover, New)
Expected to ship within 10 - 15 working days
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This work is written out of a conviction that development economics
needs to draw more heavily and systematically on recent advances in
knowledge made in public economics - especially where the
formulation and analysis of development policy are concerned. The
central questions - how to raise and spend revenues well, in the
sense of promoting development - are surely normative; but whether
something is done "well" must also be judged in relation to what is
actually feasible. With unrestricted lump-sum transfers ruled out
in practice, the design of policy is inherently concerned with
considerations of the second-best. This awkward fact besets the
analysis of interventions in all areas of economic activity, from
international trade to small-scale finance. Debates over whether
and how to promote particular sectors or activities at the expense
of others, when viewed from this perspective, draw attention away
from the humdrum, but decidedly more important goal of raising
revenue efficiently and with due regard for equity.
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