In developing countries the twin tasks of building more dispersed and democratic governments and opening economies to freer markets and greater private ownership have been attempted in tandem-and have proved a difficult undertaking. A reduction in barriers to the movement of capital and goods...

This book examines the influence of local public services on the economics of cities. The relationship between economic development and urbanization is indisputable; less clear, however, are the ways in which cities directly contribute to economic growth and employment creation. Current economic...

This paper provides an overview of an idea that has been percolating in Indonesia for several years, the creation of a long-term bond market for the subnational governments. The revised law PP 30 sets out the parameters for long-term borrowing by regional governments in which long-term loans...