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Economic Globalization and Local Public 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 discusses the links between globalization, urbanization, and local government finances in the light of the relevant theoretical and empirical literature. Pertinent issues in the Indian context are raised. Emerging challenges for fiscal decentralization and local government budgets consequent upon episodes of globalization, privatization, and revenue maximization (leviathan goal) are also analyzed. The chapter discusses implications of globalization-induced climate change for local governance. Emphasis is placed upon the significance of local fiscal policies in the presence of globalization, urban growth, and interjurisdictional fiscal competition.

Suggested Citation

  • Shyam Nath & Yeti Nisha Madhoo, 2022. "Economic Globalization and Local Public Finance," Springer Books, in: Vanishing Borders of Urban Local Finance, chapter 0, pages 67-102, Springer.
    • Handle: RePEc:spr:sprchp:978-981-19-5300-2_4
    DOI: 10.1007/978-981-19-5300-2_4
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