Economic Globalization and Local Public Finance

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

Chapter Chapter 4 in Vanishing Borders of Urban Local Finance, 2022, pp 67-102 from Springer

Abstract: Abstract This chapter discusses the links between globalization, urbanization, and local government finances in the light of the relevant theoretical and empirical literature. Pertinent issues in the Indian context are raised. Emerging challenges for fiscal decentralization and local government budgets consequent upon episodes of globalization, privatization, and revenue maximization (leviathan goal) are also analyzed. The chapter discusses implications of globalization-induced climate change for local governance. Emphasis is placed upon the significance of local fiscal policies in the presence of globalization, urban growth, and interjurisdictional fiscal competition.

Keywords: Globalization; Urbanization; Privatization; Decentralization; Local fiscal policy (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-19-5300-2_4

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DOI: 10.1007/978-981-19-5300-2_4

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