Development Policy as Public Finance

Résumé du livre

This is a graduate text on the use of public economics in formulating development policy. How to raise and spend revenues in order to promote development in practice involves second-best considerations, which the analysis of the role of international trade, liberalization, and other economic reforms must take into account. Particular emphasis is placed on social cost-benefit analysis as a means to discipline public expenditure decisions. Summaries and exercises are included.