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Public Finance and Economic Growth in Developing Countries - Lessons from Ethiopia's Reforms (Hardcover)
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Public Finance and Economic Growth in Developing Countries - Lessons from Ethiopia's Reforms (Hardcover)
Series: Routledge Studies in Development Economics
Expected to ship within 12 - 17 working days
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Public finance is crucial to a country's economic growth, yet
successful reform of public finances has been rare. Ethiopia is an
example of a country that undertook comprehensive reform of its
core financial systems, independent of the IMF and the World Bank,
and successfully transformed itself into one of the fastest-growing
economies in Africa. With Ethiopia's twelve-year reform as its
guiding case study, this book presents new analytical frameworks to
help governments develop better financial reforms. It shows in
detail how four core financial systems-budgeting, accounting,
planning, and financial information systems-can be reformed. One of
the principal findings presented is that governments must establish
basic public financial administration before moving to more
sophisticated public financial management. Other key findings
include the identification of four strategies of reform (recognize,
improve, change, and sustain), the centrality of ongoing learning
to the process of reform, and the importance of government
ownership of reform. This book will be of interest to researchers
and policymakers concerned with public finance, developmental
economics, and African studies.
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