Democratic Governance and Economic Performance

Author: Dino Falaschetti
Publisher: Springer Science & Business Media
ISBN: 9780387787077
Format: PDF, Kindle
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Conventional wisdom warns that unaccountable political and business agents can enrich a few at the expense of many. But logically extending this wisdom implies that associated principals – voters, consumers, shareholders – will favor themselves over the greater good when ‘rules of the game’ instead create too much accountability. Democratic Governance and Economic Performance rigorously develops this hypothesis, and finds statistical evidence and case study illustrations that democratic institutions at various governance levels (e.g., federal, state, corporation) have facilitated opportunistic gains for electoral, consumer, and shareholder principals. To be sure, this conclusion does not dismiss the potential for democratic governance to productively reduce agency costs. Rather, it suggests that policy makers, lawyers, and managers can improve governance by weighing the agency benefits of increased accountability against the distributional costs of favoring principal stakeholders over more general economic opportunities. Carefully considering the fundamentals that give rise to this tradeoff should interest students and scholars working at the intersection of social science and the law, and can help professionals improve their own performance in policy, legal, and business settings.

Principled Agents

Author: Timothy Besley
Publisher: Oxford University Press on Demand
ISBN: 019927150X
Format: PDF, ePub, Mobi
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What is good government? Why do some governments fail? How do you implement political accountability in practice? What incentives do you need to put in place to ensure that politicians and public servants act in the public interest and not their own? These questions and many more are addressed in Timothy Besley's intriguing Lindahl lectures. Economic analyses of government usually divide into two broad camps. One which emphasizes government as a force for public good that can regulate markets, distribute resources and generally work towards improving the lives of its citizens. The other sees government as driven by private interests, susceptible to those with the power to influence its decisions and failing to incentivize its officials to act for the greater public good. This book adopts a middle way between the two extremes, the Publius approach, which recognizes the potential for government to act for the public good but also accepts the fact that things often go wrong. It shares the view that there are certain institutional preconditions for effective government but then proceed to examine exactly what those preconditions are. Timothy Besley emphasises that it is not just about designing an appropriate institutional framework but also about understanding the way incentives work and the process by which the political class is selected.

The New Public Service

Author: Janet V Denhardt
Publisher: Routledge
ISBN: 1315289474
Format: PDF, ePub
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This widely praised work provides a framework for the many voices calling for the reaffirmation of democratic values, citizenship, and service in the public interest. The expanded edition includes an all-new chapter that addresses the practical issues of applying these ideals in actual, real-life situations. "The New Public Service, Expanded Edition" is organized around a set of seven core principles: serve citizens, not customers; seek the public interest; value citizenship and public service above entrepreneurship; think strategically, act democratically; recognize that accountability isn't simple; serve, rather than steer; and value people, not just productivity. The book asks us to think carefully and critically about what public service is, why it is important, and what values ought to guide what we do and how we do it. It celebrates what is distinctive, important and meaningful about public service and considers how we might better live up to those ideals and values. All students and serious practitioners in public administration and public policy should read this book. While debates about public policy issues will surely continue, this compact, clearly written volume provides an important framework for public service based on and fully integrated with citizen discourse and the public interest.

Money Financial Intermediation and Governance

Author: Dino Falaschetti
Publisher: Edward Elgar Publishing
ISBN: 1848441347
Format: PDF, Kindle
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Dino Falaschetti and Michael Orlando unify the treatment of the many deeply related topics in money and banking in this wide-ranging book. By continually building on the assumption that economic actors are maximizers, they explain how monetary and financial services, as well as related governance mechanisms, influence economic performance. In this manner, Money, Financial Intermediation and Governance not only lets readers make sense of today s monetary authorities and financial markets, it lets them see through superficial complexities to the fundamental influences that will shape those organizations for years to come. Mastering this analytical process is important for scholars and professionals, as well as individuals who are interested in their own financial security. Successful readers will enjoy an enduring ability to productively anticipate, respond to, and even shape macroeconomic and related political developments. This book s greatest contribution may thus be to help readers enjoy the lasting advantages of becoming careful thinkers. This book is an ideal text for undergraduate, graduate and MBA students in courses on banking and financial markets as well as in macroeconomics. It is also a useful resource for researchers and professionals in the financial, legal and policy sectors.

Electoral Rules and Democratic Governance

Author: G. Bingham Powell
Publisher:
ISBN: 9781878147417
Format: PDF, ePub
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Electoral rules help to make democracy work. Small variations in them influence the type of democracy that develops. The field of political science has defined the study of why and how this happens. Political scientists have contributed to the world of electoral systems as scientists and as engineers. Taking stock of recent scientific research, this report shows that context modifies the effects of electoral rules on political outcomes in specific and systematic ways. It explores how electoral rules shape party systems, the inclusion of women and minorities, the depth and nature of political competition, and patterns of redistribution and regulation. It considers institutional innovations that could promote political equality. Finally, the report describes the diverse ways that political scientists are producing an impact on the world by sharing and applying their knowledge of the consequences of electoral rules and global trends in reform.

Challenges to Democratic Governance in Developing Countries

Author: Gedeon M. Mudacumura
Publisher: Springer Science & Business Media
ISBN: 3319031430
Format: PDF, ePub, Mobi
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​Despite the large amounts of human and financial resources invested to foster democratic governance in developing countries, statistics show that the majority of these countries have not yet achieved significant improvements in living standards. While some regions make strides towards improving the living conditions of their citizens, Sub-Saharan Africa, for instance, is still trapped in poverty with more than 40% of its 600 million people living below the internationally recognized absolute poverty line of one US dollar per day. Poor governance and corruption should be highlighted as the most important systemic factors contributing to poverty in developing countries. As a result the institutional foundations of these countries are weakened, public funds are misappropriated, and policies and programs aimed at reducing poverty and fostering sustainable economic growth are undermined. It is therefore not surprising that a 2008 Transparency International report found a direct link between corruption and the failure of the societal institutions designed to achieve the Millennium Development Goals in the majority of developing countries. This book investigates the problems of democratic governance, particularly as they relate to corruption, and also whether democracy should be based on universal principles or local context and historical factors. It also analyses the rule of law, in promoting democratic governance and curbing corruption and if governmental, non-governmental organizations, and civil societies are effective in promoting democratic governance and curbing corruption. This book will go beyond identifying the challenges and offer plausible solutions that could be adapted to various developing countries. It is premised on the importance of bridging theory and practice, which has been lacking in most local and international development publications, making of interest to scholars and policy-makers alike concerned with public administration in developing countries.​

Economic Sanctions vs Soft Power

Author: N. Anguelov
Publisher: Springer
ISBN: 113752376X
Format: PDF, Docs
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The book examines the industrial growth of sanctioned nations in terms of their ability to foster trade partnerships with countries that choose to evade or not comply with sanctions. When those "black knight" nations find strong local market competitive advantages in the absence of firms from sender nations, incentives develop to support local political status quos. For those reasons, the political resilience of rogue and repressive regimes is analyzed in terms of their economic incentives to remain repressive. The resilience is based on the fact that the local politicians are also the local businessmen. Through the growth of international production networks, their business opportunities augment and the rents associated with that growth also increase. As business opportunities grow in the absence of competition, so does the amount of rent extraction and protection. Rent protecting leads to strengthening economic and political leadership, because the wealth is used for creating further rents by providing economic benefits to the regime supporters. Economic Sanctions vs. Soft Power shows how the system of self-enforcing economic rents builds political rents and lowers opportunities for the development of viable political oppositions.

Utility and Production

Author: Pablo Coto-Millan
Publisher: Springer Science & Business Media
ISBN: 3662008106
Format: PDF, ePub
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Grateful acknowledgement is made to CICYT (Comision Intenninisterial de Ciencia y Tecnoiogia), National Plan R+D, Projects N-TXT96-2467 and N TXT98-1453 for its financial support. This text presents the economic theories on Utility and Production. In addition, such theories are used to explain the real problems of consumers and firms and several studies carried out by the author are displayed. Some collaboration by other professors of Economics is mentioned in the corresponding footnotes. The responsibility for errors and omissions, however, rests entirely upon tbe author. In chapters 1 and 4 of the book try to present the theory of Utility and Production. Chapter 3 presents new functional forms and two empirical applications, on demand functions and systems. In chapters 2 and 5, the main theorems and properties presented in chapters 1 and 4 are applied. Chapter 6 presents new functional forms and two empirical applications, on production and cost functions respectively.

Performance Accountability and Combating Corruption

Author: Anwar Shah
Publisher: World Bank Publications
ISBN: 0821369423
Format: PDF, ePub
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Performance based oversight and accountability can serve as an important antidote to government corruption, inefficiency, and waste. This volume provides an analytical framework and operational approaches needed for the implementation of results-based accountability. The volume makes a major contribution to the literature on public management and evaluation. Major subject areas covered in this book include: performance based accountability, e-government, network solutions to performance measurement and improvement; institutions of accountability in governance; legal and institutional framework to hold government to account; fighting corruption; external accountability; ensuring integrity of revenue administration; the role of supreme audit institutions on detecting fraud and corruption; and the role of parliamentary budget offices and public accounts committees.

Bulletin of the Atomic Scientists

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Publisher:
ISBN:
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The Bulletin of the Atomic Scientists is the premier public resource on scientific and technological developments that impact global security. Founded by Manhattan Project Scientists, the Bulletin's iconic "Doomsday Clock" stimulates solutions for a safer world.