Over the past few decades, a clear trend has emerged worldwide toward the devolution of spending and, to a lesser extent, revenue-raising responsibilities to state and local levels of government. One view is that the decentralization of spending responsibilities can entail substantial gains in terms of distributed equity and macroeconomic management. The papers in this volume, edited by Teresa Ter-Minassian, examine the validity of these views in light of theoretical considerations, as well as the experience of a number of countries.
- ISBN13 9781557756633
- Publish Date 30 November 1999
- Publish Status Active
- Out of Print 8 December 2016
- Publish Country US
- Imprint International Monetary Fund (IMF)
- Format Paperback
- Pages 701
- Language English