Description
| Product ID: | 9781108454889 |
| Product Form: | Paperback / softback |
| Country of Manufacture: | GB |
| Title: | Democracies in Peril |
| Subtitle: | Taxation and Redistribution in Globalizing Economies |
| Authors: | Author: Ida Bastiaens, Nita Rudra |
| Page Count: | 342 |
| Subjects: | Development economics and emerging economies, Development economics & emerging economies, Political economy, Public finance and taxation, Political economy, Public finance, Developing countries |
| Description: | Select Guide Rating Why are developing country democracies struggling to take advantage of globalization when free trade is supposed to benefit all participants? This book makes a significant contribution to political science by revealing how and why these democracies are struggling to generate much-needed public revenues in the face of trade liberalization. Globalization is triggering a ''revenue shock'' in developing economies. International trade taxes - once the primary source of government revenue - have been cut drastically in response to trade liberalization. Bastiaens and Rudra make the novel argument that regime type is a major determinant of revenue-raising capacity once free trade policies have been adopted. Specifically, policymakers in democracies confront greater challenges than their authoritarian counterparts when implementing tax reforms to offset liberalization''s revenue shocks. The repercussions are significant: while the poor bear the brunt of this revenue shortfall in democracies, authoritarian regimes are better-off overall. Paradoxically, then, citizens of democracies suffer precisely because their freer political culture constrains governmental ability to tax and redistribute under globalization. This important contribution on the battle between open societies and the ability of governments to help their people prosper under globalization is essential reading for students and scholars of political economy, development studies and comparative politics. |
| Imprint Name: | Cambridge University Press |
| Publisher Name: | Cambridge University Press |
| Country of Publication: | GB |
| Publishing Date: | 2018-06-25 |
