This volume provides a splendid and wide-ranging collection of
studies analyzing the political-economy of decentralization in
Latin-America. It's a fascinating story with numerous and profound
insights into how fiscal decentralization actually works in the
context of a variety of fiscal institutions and in a setting with a
high degree of inequality in the distribution of income and
territorial disparities.' - Wallace E. Oates, University of
Maryland, College Park US'The volume on Decentralization and Reform
in Latin America is an important addition to the growing literature
on decentralization. Some of the issues in the implementation and
effectiveness of decentralization are similar all over the world,
but there are issues of particular salience to Latin America, a
region where decentralization reforms have come sometimes in the
wake of major political reforms. This volume pays special attention
to the complexity of issues (both relating to equity and
efficiency) arising in the context of vertical fiscal imbalance and
inter-governmental transfers, in the delivery of social services or
investment spending, in the sharing of rent from natural resources
among social and regional groups and in macro-fiscal stabilization.
I expect the volume to receive widespread attention.' - Pranab
Bhardan, University of California, Berkeley, US 'Giorgio Brosio and
Juan Pablo Jimenez have made a remarkable job in preparing the best
comprehensive treatment of comparative decentralization experiences
in Latin America. It will be essential reading for analysts of
fiscal and local government issues in the region and a very useful
tool for Latin Americanists in general.' - Jose Antonio Ocampo,
Professor, Columbia University. Former Executive Secretary of the
Economic Commission for Latin America and the Caribbean and Finance
Minister of Colombia Decentralisation and Reform in Latin America
analyzes the process of intergovernmental reform in Latin America
in the last two decades and presents a number of emerging issues.
These include the impacts of decentralization and the response of
countries in the region to challenge such as social cohesion,
interregional and interpersonal disparities, the assignment of
social and infrastructure expenditure, macrofinancial shocks,
fiscal rules and the sharing of natural resources revenue. The main
aim of the book is to assess the effective working of decentralized
arrangements and institutions, with a view of suggesting
corrections and reforms where the system is not working according
to expectations. Policymakers, researchers and academics with an
interest in subjects related to public policy, fiscal rules,
intergovernmental relations, governance and decentralization will
find this book invaluable. Contributors include: J.R. Afonso, E.
Ahmad, V. Almeida, G. Arballo, G. Brosio, K. Castro, O. Cetrangolo,
S. Dain, L. de Mello, A. Faveret, R. Gargarella, A. Goldschmit,
J.C. Gomez Sabaini, V. Grembi, J.P. Jimenez, A. Manoel, J.
Martinez-Vasquez, F. Rezende, C. Sepulveda, T. Ter-Minassian, J.
Veloso
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