Bibliographic Information

Democracy, decentralisation and deficits in Latin America

edited by Kiichiro Fukasaku and Ricardo Hausmann

Inter-American Development Bank : Development Centre of the Organisation for Economic Co-operation and Development, c1998

Other Title

Démocratie, décentralisation et déficits budgétaires en Amérique Latine

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Note

Also published in French under the title: Démocratie, décentralisation et déficits budgétaires en Amérique Latine

Includes bibliographical references

Description and Table of Contents

Description

Within the 1990s, Chile, Peru, Bolivia, and other Latin American countries have experimented with one form or another of political decentralization. This book considers the problems raised by these activities in Latin America and identifies the challenges yet to be encountered. Because political decentralization devolves financial responsibility to regional and local governments, it can potentially destabilize centrally established fiscal and budgetary goals. The problem, then, is how to reconcile greater institutional democratization with the fiscal rigor and responsibility 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 by the OECD Development Centre and the Inter-American Development Bank. The analyses of economists are confronted with the experiences of practitioners from Latin American countries, providing an examination of the risks and benefits decentralization holds for economic development.

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