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Emerging Challenges in Urban Local Finance

In: Vanishing Borders of Urban Local Finance

Author

Listed:
  • Shyam Nath

    (Amrita Vishwa Vidyapeetham University)

  • Yeti Nisha Madhoo

    (Amrita Vishwa Vidyapeetham University)

Abstract

This chapter assembles the basic issues in urban local finance in a historical context and covers later developments that challenge the existence of local government as an important layer of governance. The emphasis is placed on how the absence of targeted local fiscal reforms and overwhelming significance of higher governments in intergovernmental fiscal operations undermine the autonomy of local governments. International developments, namely globalization and climate change are expected to provide new opportunities to expand the base of local government. However, ground-level developments do not meet the expectations. Functional decentralization in the form of autonomous boards in sectors like water and sewerage has contributed to the decline of fiscal decentralization. The focus of the chapter is to demonstrate the borderless nature of local government fiscal operations in an urban setting.

Suggested Citation

  • Shyam Nath & Yeti Nisha Madhoo, 2022. "Emerging Challenges in Urban Local Finance," Springer Books, in: Vanishing Borders of Urban Local Finance, chapter 0, pages 1-27, Springer.
  • Handle: RePEc:spr:sprchp:978-981-19-5300-2_1
    DOI: 10.1007/978-981-19-5300-2_1
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