Emerging Challenges in Urban Local Finance

Shyam Nath () and Yeti Nisha Madhoo
Additional contact information
Shyam Nath: Amrita Vishwa Vidyapeetham University
Yeti Nisha Madhoo: Amrita Vishwa Vidyapeetham University

Chapter Chapter 1 in Vanishing Borders of Urban Local Finance, 2022, pp 1-27 from Springer

Abstract: Abstract This chapter assembles the basic issues in urban local finance in a historical context and covers later developments that challenge the existence of local government as an important layer of governance. The emphasis is placed on how the absence of targeted local fiscal reforms and overwhelming significance of higher governments in intergovernmental fiscal operations undermine the autonomy of local governments. International developments, namely globalization and climate change are expected to provide new opportunities to expand the base of local government. However, ground-level developments do not meet the expectations. Functional decentralization in the form of autonomous boards in sectors like water and sewerage has contributed to the decline of fiscal decentralization. The focus of the chapter is to demonstrate the borderless nature of local government fiscal operations in an urban setting.

Keywords: Globalization; Climate change; Fiscal decentralization; Functional decentralization; Autonomous boards; Local fiscal behavior (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-19-5300-2_1

Ordering information: This item can be ordered from
http://www.springer.com/9789811953002

DOI: 10.1007/978-981-19-5300-2_1

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().