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The New Public Finance - Responding to Global Challenges (Paperback)
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The New Public Finance - Responding to Global Challenges (Paperback)
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The world's agenda of international cooperation has changed. The
conventional concerns of foreign affairs, international trade, and
development assistance, are increasingly sharing the political
center stage with a new set of issues. These include trans-border
concerns such as global financial stability and market efficiency,
risk of global climate change, bio-diversity conservation, control
of resurgent and new communicable diseases, food safety, cyber
crime and e-commerce, control of drug trafficking, and
international terrorism and weapons of mass destruction.
Globalization and increasing porosity of national borders have been
key driving forces that have led to growing interdependence and
interlocking of the public domains--and therefore, public policy
concerns--of countries, governments, private businesses, civil
society, and people at large. Thus, new and different issues are
now occupying top places on national policy agendas, and
consequently, on the agendas of international negotiating forums.
The policy approaches to global challenges are also changing. A
proliferation and diversification of international cooperation
efforts include focus on financing arrangements. Financing of
international cooperation in most instances is a haphazard and
non-transparent process and often seems to run parallel to
international negotiations. There are many unfunded mandates and
many-non-mandatory funds.
To agree on and to achieve international economic goals, we need
to understand how financing of international cooperation efforts
actually works. Our understanding is hampered by two gaps: 1) lack
of an integrated and cohesive theoretical framework; 2) lack of
consolidated empirical andoperational knowledge in the form of a
comprehensive inventory of past, current and possible future (i.e.
currently deliberated) financing mechanisms.
This book reduces these two gaps and provides a guide to improve
our ability to finance international cooperation.
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