Global public goods and development:The new challenges confronting public finance
The list of global policy issues is long and growing longer.It includes a diverse set of concerns,including advancing international peace and security; fighting transnational terrorism; creating global communication and transportation systems;controlling global communicable diseases;aver and mitigating the risks of climate change; building an international financial architecture and fostering listing mechanisms to prevent intellectual piracy,money laundering, and drug trafficking;advancing the universalization of basic human rights and democracy;and reducing poverty and other forms of human deprivation
These concerns require new policy approaches and new financing technology,presenting a challenge to public finance
traditional public finance has two distinguishing characteristics.Lt is largely state centered, on the assumption that public policy outcomes ate state produced.This narrow perspective is now widening, both in practice and,to some extent,in theory,as new public finance 1 becomes more widely established and studied,And,especially important here, traditional public finance theory assumes a single economy,excluding from the analysis most of the outside world external exigencies as well as opportunities. a recent survey of public finance and economics textbooks covering 170 titles found that few mention global or regional public goods or global equity concerns such as reducing world poverty(sidikou-sow 2005).
Global public goods and development:The new challenges confronting public finance
The list of global policy issues is long and growing longer.It includes a diverse set of concerns,including advancing international peace and security; fighting transnational terrorism; creating global communication and transportation systems;controlling global communicable diseases;aver and mitigating the risks of climate change; building an international financial architecture and fostering listing mechanisms to prevent intellectual piracy,money laundering, and drug trafficking;advancing the universalization of basic human rights and democracy;and reducing poverty and other forms of human deprivation
These concerns require new policy approaches and new financing technology,presenting a challenge to public finance
traditional public finance has two distinguishing characteristics.Lt is largely state centered, on the assumption that public policy outcomes ate state produced.This narrow perspective is now widening, both in practice and,to some extent,in theory,as new public finance 1 becomes more widely established and studied,And,especially important here, traditional public finance theory assumes a single economy,excluding from the analysis most of the outside world external exigencies as well as opportunities. a recent survey of public finance and economics textbooks covering 170 titles found that few mention global or regional public goods or global equity concerns such as reducing world poverty(sidikou-sow 2005).
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