Decentralization and Infrastructure in the Global Economy: From Gaps to Solutions

1st Edition

Jonas Frank, Jorge Martinez-Vazquez

Routledge
Published July 2, 2015
Reference - 462 Pages - 55 B/W Illustrations
ISBN 9781138909205 - CAT# Y186178
Series: Routledge Studies in the Modern World Economy

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Summary

The subnational dimension of infrastructure has emerged as one of the greatest challenges in contemporary public finance policy and management. Ensuring the efficient provision of infrastructure represents a challenge for all countries irrespective of their level of centralization or decentralization. This book proposes an innovative approach for the strengthening of decentralized public investment and infrastructure management.

Decentralization and Infrastructure in the Global Economy: From Gaps to Solutions covers the most important aspects of infrastructure investment in a decentralized setting. It discusses infrastructure gaps and the quality of subnational spending; how functional responsibilities, financing and equalization can be designed; sector-specific arrangements in high expenditure areas, such as health, education and roads; key steps of the public investment cycle and management; and analyses the political economy and corruption challenges that typically accompany decentralized infrastructure projects.

This book challenges some of the well-accepted principles of intergovernmental fiscal relations and will be useful to researchers and practitioners of public finance policy and management.

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