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This paper proposes a new perspective for studying decentralization by considering it as the unbundling of public goods … provision. We define centralization as the bundled provision of public goods from different tiers (national, sub-national or … local) by one single provider held accountable by the voters via elections. We define decentralization as the unbundled …
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We study two aspects of globalization. It allows a decision-maker to go beyond his own local experience and to learn from other decision-makers in addressing common problems. This improves the identification and diffusion of best practices. It also provides extra information to `markets' that...
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The member states of the European Union have given up sovereignty in quite a number of policy areas and subjected themselves to joint decisionmaking at the European level. Policy instruments are no longer available nationally in many policy areas, including monetary policy, trade policy, the...
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The Great Recession renewed calls for a return of state activism in support of the European economy. The widespread nationalization of ailing companies and the growing activism of national development banks led many to celebrate the reappearance of industrial policy. By reviewing the evolution...
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