The Political Economy of the Public Budgets in the Americas

cover
Editor(s)
Diego Sánchez-Ancochea, Iwan Morgan
ISBN
9781900039949
Publisher
Institute of Latin American Studies
Published
2008
Format
Paperback
Subject Areas
Comparative, Economics, Politics, ISA Series
Price
£20.00
BUY NOW

Description

This volume draws together the work of political economy specialists from Latin America, the United States and Europe. Its innovative approach provides a multi-disciplinary comparison of fiscal and tax policies in Latin America and the United States. The contributors identify the common budgetary problems of the nations of the Americas in terms of their status as ‘small fiscal states’ that have failed to generate adequate tax resources to fund the responsibilities of modern government. They also consider the differing effect of capital inflows on the autonomy of the public sector in the United States and Latin America. While the former has been able to operate large budgetary and trade deficits without adverse reaction from global financial markets, the latter has experienced the ‘disciplining’ effect of these external forces to maintain low public deficits. The volume therefore offers a timely assessment of hemispheric fiscal developments on the eve of the greatest crisis for the world economy since the depression of the 1930s.


Iwan Morgan is Professor of United States Studies and Deputy Director of the Institute for the Study of the Americas. Diego Sánchez-Ancochea is University Lecturer in the Political Economy of Latin America at the University of Oxford.

Contents

Chapter 1. Introduction: The Political Economy of the Budgets in Comparative Perspective (Diego Sánchez-Ancochea and Iwan Morgan) 

SECTION I. PUBLIC BUDGETS: INTERNAL AND EXTERNAL DETERMINANTS 

Chapter 2. Fiscal Credibility, Public Good and the Budget: the Struggle over Federal Taxing and Spending in the Argentine During the Late Twentieth Century (Colin M. Lewis and Andrew H. Mitchell)) 

Chapter 3. Fiscal Sustainability and Deficit Politics in the United States (Dennis S. Ippolito) 

Chapter 4. The Public Budget and the U.S. Current Account Deficit (Iwan Morgan) 

Chapter 5. Foreign Exchange, Interest and the Dynamics of Public Debt in Latin America (Carlos E. Schonerwald da Silva and Matías Vernengo) 

Chapter 6. Fiscal Policy and Equity: The Dilemmas Facing Brazil’s Labour Government (Edmund Amann and Werner Baer) 

SECTION II. TAX REFORMS AND OTHER POLICY ISSUES 

Chapter 7. The Struggle for Tax Reform in Central America (Manuel R. Agosin, Roberto Machado, and Aaron Schneider) 

Chapter 8. Socio-economic Change and Fiscal Challenges in Central America: Globalization, Democratization, and the Politics of Reform (Aaron Schneider) 

Chapter 9. Equity, Growth and Balanced Budgets: Tax Policy in the United States (Dennis S. Ippolito) 

Chapter 10. Public Budgets and Income Inequality in Latin America: A Comparative Perspective (Diego Sánchez-Ancochea)

MA IN REFUGEE PROTECTION (DISTANCE)

Young girl gazing over rubble

The Refugee Law Initiative is pioneering a distance learning course on refugee and migration studies to play its part in addressing the problems caused by the escalating global refugee crisis.

READ MORE

MAKE DO AND MEND

Section of original Ministry of Infromation 'Keep Calm and Carry On' poster

A new project hosted by the Institute of English Studies will analyse and digitise primary resources from the Ministry of Information located at Senate House during World War II.

FIND OUT MORE

SPOTLIGHT ON...

In Protest: 150 Poems for Human Rights

In Protest: 150 Poems for Human Rights

Helle Abelvik-Lawson Anthony Hett and Laila Sumpton

VIEW ALL PUBLICATIONS