This short book integrates the imperatives of public debt
sustainability with those of socioeconomic sustainability in the
context of budget austerity measures. It is argued that poverty,
inequality and unemployment problems should be integral aspects of
policy frameworks for austerity and fiscal stability. The economics
of austerity in much of economic analysis remains narrowly focused
and lopsided, since the implications on the role of human capital
and loss of prosperity base are usually ignored. This book argues
that various misapplications of policies of government austerity
can be avoided if greater attention is accorded to the imperatives
of maintaining the win-win approaches for socioeconomic resilience
and sustainability in conjunction with debt sustainability and/or
fiscal stability.
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