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Books > Business & Economics > Economics > Political economy
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Incentives to Pander - How Politicians Use Corporate Welfare for Political Gain (Paperback)
Loot Price: R951
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Incentives to Pander - How Politicians Use Corporate Welfare for Political Gain (Paperback)
Series: Business and Public Policy
Expected to ship within 12 - 17 working days
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Policies targeting individual companies for economic development
incentives, such as tax holidays and abatements, are generally seen
as inefficient, economically costly, and distortionary. Despite
this evidence, politicians still choose to use these policies to
claim credit for attracting investment. Thus, while fiscal
incentives are economically inefficient, they pose an effective
pandering strategy for politicians. Using original surveys of
voters in the United States, Canada and the United Kingdom, as well
as data on incentive use by politicians in the US, Vietnam and
Russia, this book provides compelling evidence for the use of
fiscal incentives for political gain and shows how such pandering
appears to be associated with growing economic inequality. As
national and subnational governments surrender valuable tax revenue
to attract businesses in the vain hope of long-term economic
growth, they are left with fiscal shortfalls that have been filled
through regressive sales taxes, police fines and penalties, and
cuts to public education.
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