Helping Countries Develop: The Role of Fiscal Policy

Author: Mr. Benedict J. Clements, Mr. Sanjeev Gupta, and Ms. Gabriela Inchauste

Publication date: September 2004

ISBN: 9781589063181

$40.00

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Economics- Macroeconomics , Public Finance , BOOK , country , user payment , per capita income , francophone country , recipient country , exchange rate , hazard function , Health care spending , Africa , Western Hemisphere , Sub-Saharan Africa , Global , Asia and Pacific , Fiscal consolidation

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Summary

Fiscal policy can foster growth and human development through a number of different channels. These include the macroeconomic (for example, through the influence of the budget deficit on growth) as well as the microeconomic (through its influence on the efficiency of resource use). But how precisely do these channels work in developing countries? What kinds of tax and expenditure policies should developing countries implement to help them meet the Millennium Development Goals? And how can international aid be made more effective? Drawing on both theory and country experience, this book brings together IMF research on the various ways fiscal policy can be used to help spur economic development.