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Municipal Finance in Transitional Countries

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  • Harvey SCHWARTZ

Abstract

This paper looks at how municipalities are financed in transitional and nontraditional economies. Transitional economies are moving from a traditional, planned or regulated economy to a free market economy. Transitional economies are also undergoing economic liberation by letting market forces set prices. These economies undergo restructuring and privatization by moving from the public to the private ownership of resources. The transition process leads to private property rights which are the basic element of a free market economy. Transitional economies are found in Asia, Central and Eastern Europe, Africa and Central and South America.

Suggested Citation

  • Harvey SCHWARTZ, 2008. "Municipal Finance in Transitional Countries," Sosyoekonomi Journal, Sosyoekonomi Society, issue 2008-2.
  • Handle: RePEc:sos:sosjrn:080208
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    References listed on IDEAS

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    More about this item

    Keywords

    Municipal Public Finance; Traditional Countries.;

    JEL classification:

    • R51 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Finance in Urban and Rural Economies

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