No abstract.

América Latina se está descentralizando. Cada vez más recursos y un mayor poder de decisión están pasando desde los gobiernos centrales hacia el nivel local. Este naciente panorama político, administrativo y fiscal genera nuevos retos y oportunidades para los gobiernos subnacionales, y...

Since 1989, the Bank has given increasing support to Mexico's National Solidarity Program (PRONASOL) in projects for education, health, transportation, and regional development. Despite the Bank's growing association with PRONASOL, given its magnitude and complexity, it is easy to underestimate...

The City (or Council) Manager--a career professional who handles budget, personnel, and implementation, leaving political matters to elected officials--has been adopted in more than a score of cities in LAC. City managers are found in more than 2,000 U.S. cities, making it the most widely used...

This book is about inventing successes and good practices of governments that are "closer to the people." Numerous examples throughout Latin America indicate-often despite macroeconomic instability, high inflation, and strong top-down regulation-that subnational actors have repeatedly achieved...

América Latina se está descentralizando. Cada vez más recursos y un mayor poder de decisión están pasando desde los gobiernos centrales hacia el nivel local. Este naciente panorama político, administrativo y fiscal genera nuevos retos y oportunidades para los gobiernos subnacionales, y...

This paper presents a model of equilibrium in a capital market for linear shares of risky firms andin a market for managerial labor in which market participants function as both investors and managers. The model yields interesting and relevant equilibrium conditions that integrate earlier...