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Public Spending in the 20th Century: A Global Perspective
by Vito Tanzi ; Ludger Schuknecht
Binding: Paperback, 291 pages
Publisher: Cambridge University Press
Weight: 1.1 pound
Dimension: H: 0.94 x L: 8.98 x W: 5.91 inches
ISBN 10: 0521664101
ISBN 13: 9780521664103
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Book Description:
This book discusses the changing role of government finance in the twentieth century. It documents the enormous increase in government spending throughout the 1900s across all industrialized countries. However, the authors find that the growth of the welfare state over the past thirty five years has not brought about much additional social and economic welfare. This suggests that public spending in industrialized countries could be much smaller than today without sacrificing important policy objectives. For this to happen, governments need to refocus their role on setting the rules of the game, and the study provides a blueprint of institutional and expenditure policy reform.

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