Democracy, decentralisation and deficits in Latin America
Kiichiro Fukasaku, Ricardo Hausmann, Organisation for Economic Co-operation and Development. Development Centre
Inter-American Development Bank, 1998 - Business & Economics - 215 pages
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.
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