Democracy, Decentralisation and Deficits in Latin America [electronic resource] /
Organisation for Economic Co-operation and Development.
IDB.
Hausmann, RicardoContributor
Fukasaku, KiichiroContributor
Inter-American Development BankContributor
Paris : OECD Publishing,
1998.
What is the impact of political decentralisation in Latin America? This book considers the problems raised by political decentralisation in the region and identifies the challenges ahead. Political decentralisation tends to devolve a certain amount of financial responsibility to the sub-national levels of government, hence potentially destabilising centrally established fiscal and budgetary targets. The question is, thus, a particularly timely one which seeks to reconcile enhanced democratisation with the fiscal rigour demanded by the international marketplace. This book brings together papers presented at the eighth annual meeting of the "International Forum on Latin American Perspectives", sponsored jointly by the OECD Development Centre and the Inter-American Development Bank. The analyses of economic experts are confronted with the real-life experiences of practitioners from a number of Latin American countries, providing the reader with a stimulating exposé of the risks and benefits to economic development of the new decentralising trend. Of particular interest are the so-called "ten commandments" suggested by Ricardo Hausmann as a set of rules which should govern fiscal management in decentralised democracies. Discussion of these and other propositions makes for a lively, yet soundly based contribution to this very important debate.
Preface by Jean Bonvin and Enrique V. Eglesias -- Opening Remarks by Jean Bonvin -- Part 1. Democracy, Decentralisation, and Fiscal Performance -- Fiscal Institutions for Decentralising Democracies: Which Way to Go? by Ricardo Hausmann -- Fiscal Performance in Latin America: What Needs to be Explained? by Michael Gavin and Ricardo Hausmann -- Electoral Institutions and the Budget Process by Mark Hallerberg and Jurgen von Hagen -- Fiscal Decentralisation and Government Size in Latin America by Ernesto Stein -- Fiscal Decentralisation and Macroeconomic Stability: The Experience of Large Developing and Transition Economies by Kiichiro Fukasaku and Luiz R. de Mello, Jr. -- Fiscal Federalism in OECD Member Countries by Jon Blondal -- Part 2. Practitioners' Views -- Argentina by Andrew Powell -- Brazil by Marcelo Piancastelli de Siqueira -- Chile by Carlos Ominami -- Columbia by Rudolf Hommes -- Germany by Harald Rehm -- Mexico by Ariel Buira -- Portugal by Jorge Braga de Macedo -- Bolivia by Gonzalo Sanchez de Losada
What is the impact of political decentralisation in Latin America? This book considers the problems raised by political decentralisation in the region and identifies the challenges ahead. Political decentralisation tends to devolve a certain amount of financial responsibility to the sub-national levels of government, hence potentially destabilising centrally established fiscal and budgetary targets. The question is, thus, a particularly timely one which seeks to reconcile enhanced democratisation with the fiscal rigour demanded by the international marketplace. This book brings together papers presented at the eighth annual meeting of the "International Forum on Latin American Perspectives", sponsored jointly by the OECD Development Centre and the Inter-American Development Bank. The analyses of economic experts are confronted with the real-life experiences of practitioners from a number of Latin American countries, providing the reader with a stimulating exposé of the risks and benefits to economic development of the new decentralising trend. Of particular interest are the so-called "ten commandments" suggested by Ricardo Hausmann as a set of rules which should govern fiscal management in decentralised democracies. Discussion of these and other propositions makes for a lively, yet soundly based contribution to this very important debate.
Bibliographic Level Mode of Issuance: Monograph
Development
Intergovernmental fiscal relations
Decentralization in government
Fiscal policy
Budget deficits
Public Finance
Political Science
Law, Politics & Government
Development Centre Seminars