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By Richard Miller Bird, Robert D. Ebel, Christine I. Wallich

Emphasizes the significance of designing a well-functioning intergovernmental economic procedure for reaching the reform ambitions of economies in transition. This learn explores the problems fascinated about remodeling intergovernmental family in Albania, Bulgaria, Hungary, Poland, Romania, the Russian Federation, and Ukraine, the place large political and monetary decentralization is now underway. the quantity specializes in the weather of decentralization within the transitional economies that distinguish them from these within the remainder of the realm. The booklet exhibits that during the transition from a command to a industry economic system, designing a well-functioning intergovernmental economic procedure is a prerequisite for reaching different reform goals: macroeconomic balance, inner most zone improvement, and a social security web for these damage by way of the transition. The learn extra demonstrates broader analytical framework than is conventionally eager about the examine of intergovernmental finance is required for studying financial concerns in those economies.

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Additional info for Decentralization of the socialist state: intergovernmental finance in transition economies

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Each discussion touches first on the traditional public finance areas of expenditure assignment, revenue assignment, and intergovernmental transfers. Then, those aspects that are outside the traditional framework of analysis in this field, including privatization, stabilization, and the social safety net, are addressed, with different emphasis in each country according to the importance of the issues in shaping the emerging intergovernmental and subnational fiscal structure. <><><><><><><><><><><><> The analysis focuses on the period since 1989, the year in which major political change began in most of Eastern Europe, with the decentralization movements following almost immediately.

Kornia (1992) sets out the former socialist system in considerable detail. It is revealing that this lengthy study hardly refers to the existence of subnational state administrations, noting only that they are tightly controlled in all respects by the central bureaucracy. Subnational governments were essentially deconcentrated units (or branch offices) of the central government and had little or no financial autonomy. R. (and Czechoslovakia) that were formally called federations. Policymaking was controlled and centralized, and local government had virtually no independent tax or expenditure powersits budget was seen only as the handmaiden of the central plan.

In addition, in the transition economies, intergovernmental finances can also influence the achievement of macroeconomic stability, the provision of a social safety net, and privatization. And in countries with a limited tradition of self-government, developing effective political and fiscal institutions at the subnational level may be critical to building a nation. Systemic linkages In most countries even systematic discussion of decentralization and subnational finances requires only brief reference to such issues as stabilization, income distribution, and privatization.

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