Macro Federalism and Local Finance

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Anwar M. Shah
World Bank Publications, Jun 20, 2008 - Political Science - 360 pages
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The design of a federal system to deal with growth, stabilization, and regional and local development issues is the primary concern of this volume, edited by Anwar Shah. The book provides analytical tools to address issues arising from globalization, localization, and regional integration. It discusses tax harmonization issues associated with subnational value added tax administration. It provides a framework for fiscal discipline in a federal system. Lessons from international experiences from policies to deal with lagging regions are drawn. The book empirically examines the effect of fiscal decentralization on the overall size of the public sector. Finally, it draws lessons from industrial countries' experiences on local governance. This important new series represents a response to several independent evaluations in recent years that have argued that development practitioners and policy makers dealing with public sector reforms in developing countries and, indeed, anyone with a concern for effective public governance could benefit from a synthesis of newer perspectives on public sector reforms. This series distills current wisdom and presents tools of analysis for improving the efficiency, equity, and efficacy of the public sector. Leading public policy experts and practitioners have contributed to the series.
 

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Page xxii - GATT General Agreement on Tariffs and Trade GDP gross domestic product GN'P gross national product...
Page 62 - Each contracting party shall take such reasonable measures as may be available to it to ensure observance of the provisions of this Agreement by the regional and local governments and authorities within its territory.
Page xi - ... society, such as women, children, and minorities. In dealing with these concerns, the development assistance community in general and the World Bank in particular are continuously striving to learn lessons from practices around the world to achieve a better understanding of what works and what does not work in improving public sector governance, especially with respect to combating corruption and making services work for poor people.
Page 156 - Significant at the 5 percent level. * * * Significant at the 1 percent level.
Page 51 - Canada is directed by statute to "regulate credit and currency in the best interests of the economic life of the nation, to control and protect the external value of the national monetary unit and to mitigate by its influences fluctuations in the general level of production, trade, prices and employment, so far as may be possible within the scope of monetary action, and generally to promote the economic and financial welfare of the Dominion.
Page 51 - Committee shall maintain long run growth of the monetary and credit aggregates commensurate with the economy's long run potential to increase production so as to promote effectively the goals of maximum employment, stable prices and moderate longterm interest rates.
Page 71 - ... levels. Federalism is also and perhaps primarily the process of federalizing a political community, that is to say, the process by which a number of separate political communities enter into arrangements for working out solutions...
Page 79 - The argument put forward is that the impersonal forces of world markets, integrated over the postwar period more by private enterprise in finance, industry and trade than by the cooperative decisions of governments, are now more powerful than the states to whom ultimate political authority over society and economy is supposed to belong.
Page 211 - Any other matter not enumerated in List II or List III including any tax not mentioned in either of those Lists.
Page 63 - Lander is affected the exercise of the rights of the Federal Republic of Germany as a member state of the European Union shall be transferred by the Federation to a representative of the Lander designated by the Bundesrat.

About the author (2008)

Anwar Shah is Lead Economist and Program Leader, Public Sector Governance Program at the World Bank Institute, Washington, DC. He is a Member of the Executive Board of the International Institute of Public Finance, Munich, Germany, and a Fellow of the Institute for Public Economics, Edmonton, Alberta, Canada. Dr Shah is also affiliated as Honorary Professor with the Southwest University of Finance and Economics, Chengdu, China, and Central University of Finance and Economics, Beijing, China. He has previously served as a staff member with the Ministry of Finance, the Government of Canada, the Government of Alberta, and the U.S. Agency for International Development, and he is a lead author for the UN Intergovernmental Panel on Climate Change. Dr Shah was coordinator of the Global Dialogue on Fiscal Federalism conducted by the Forum of Federation in partnership with Governments in Federal Countries from 2005 to 2007. He has advised the governments of Australia, Argentina, Brazil, Canada, China, Germany, India, Indonesia, Mexico, Pakistan, Poland, South Africa, and Turkey on fiscal system reform issues. In the past, he taught graduate courses in natural resources and environmental economics at the University of Ottawa. He has published about two dozen books on governance and fiscal system reform themes and numerous articles in professional journals. His most recent edited books include The Practice of Fiscal Federalism and Macro Federalism and Local Finance.

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