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The world's agenda of international cooperation has changed. The conventional concerns of foreign affairs, international trade, and development assistance, are increasingly sharing the political center stage with a new set of issues. These include trans-border concerns such as global financial stability and market efficiency, risk of global climate change, bio-diversity conservation, control of resurgent and new communicable diseases, food safety, cyber crime and e-commerce, control of drug trafficking, and international terrorism and weapons of mass destruction. Globalization and increasing porosity of national borders have been key driving forces that have led to growing interdependence and interlocking of the public domains--and therefore, public policy concerns--of countries, governments, private businesses, civil society, and people at large. Thus, new and different issues are now occupying top places on national policy agendas, and consequently, on the agendas of international negotiating forums. The policy approaches to global challenges are also changing. A proliferation and diversification of international cooperation efforts include focus on financing arrangements. Financing of international cooperation in most instances is a haphazard and non-transparent process and often seems to run parallel to international negotiations. There are many unfunded mandates and many-non-mandatory funds. To agree on and to achieve international economic goals, we need to understand how financing of international cooperation efforts actually works. Our understanding is hampered by two gaps: 1) lack of an integrated and cohesive theoretical framework; 2) lack of consolidated empirical and operational knowledge in the form of a comprehensive inventory of past, current and possible future (i.e. currently deliberated) financing mechanisms. This book reduces these two gaps and provides a guide to improve our ability to finance international cooperation.

Tabla de contenidos provista por Syndetics

• Foreword(p. xi)
• Prologue(p. xii)
• Acknowledgments(p. xvi)
• Contributors(p. xvii)
• Overview(p. 1)
• Why Revisit Public Finance Today?: What This Book Is About(p. 3)
• The Changes Under Way: Financing Global Challenges through International Cooperation behind and beyond Borders(p. 28)
• 1 The New National Public Finance: Taking the Outside World into Account(p. 71)
• Blending External and Domestic Policy Demands: The Rise of the Intermediary State(p. 73)
• Making Policy under Efficiency Pressures: Globalization, Public Spending, and Social Welfare(p. 109)
• Internalizing Cross-Border Spillovers: Policy Options for Addressing Long-Term Fiscal Challenges(p. 131)
• Managing Risks to National Economies: The Role of Macro Markets(p. 152)
• Combining Fiscal Sovereignty and Coordination: National Taxation in a Globalizing World(p. 167)
• Recognizing the Limits to Cooperation Behind National Borders: Financing the Control of Transnational Terrorism(p. 194)
• 2 The New International Public Finance: Relying on Public-Private Cooperation and Competition(p. 217)
• Exploring the Policy Space between Markets and States: Global Public-Private Partnerships(p. 219)
• Accommodating New Actors and New Purposes in International Cooperation: The Growing Diversification of Financing Mechanisms(p. 269)
• Making the Right Money Available at the Right Time for International Cooperation: New Financing Technologies(p. 281)
• Taking Self-Interest into Account: A Public Choice Analysis of International Cooperation(p. 304)
• 3 The New International Public Finance: Investing in Global Public Goods Provision Abroad(p. 325)
• Identifying High-Return Investments: A Methodology for Assessing When International Cooperation Pays-and for Whom(p. 327)
• Making International Cooperation Pay: Financing as a Strategic Incentive(p. 357)
• Compensating Countries for the Provision of Global Public Services: The Tool of Incremental Costs(p. 371)
• Creating New Markets: The Chicago Climate Exchange(p. 389)
• Using Markets More Effectively: Developing Country Access to Commodity Futures Markets(p. 417)
• Assessing Contractual and Statutory Approaches: Policy Proposals for Restructuring Unsustainable Sovereign Debt(p. 433)
• Placing the Emphasis on Regulation: Lessons from Public Finance in the European Union(p. 453)
• 4 The New International Public Finance: Enhancing Aid Efficiency(p. 469)
• Using Aid Instruments More Coherently: Grants and Loans(p. 471)
• Rectifying Capital Market Imperfections: The Continuing Rationales for Multilateral Lending(p. 486)
• Pulling Not Pushing Reforms: Delivering Aid through Challenge Grants(p. 510)
• Overcoming Coordination and Attribution Problems: Meeting the Challenge of Underfunded Regionalism(p. 529)
• Reducing the Costs of Holding Reserves: A New Perspective on Special Drawing Rights(p. 549)
• Creating Incentives for Private Sector Involvement in Poverty Reduction: Purchase Commitments for Agricultural Innovation(p. 564)
• Mitigating the Risks of Investing in Developing Countries: Currency-Related Guarantee Instruments for Infrastructure Projects(p. 585)
• Annexes
• Further Reading(p. 607)
• Glossary(p. 613)
• About the Contributors(p. 617)
• Index(p. 624)

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CHOICE Review

This edited volume considers how an increasingly globalized world will impact the conduct of public policy in individual countries. Papers consider policy approaches that could prove effective in an international environment; strategies for financing international public policy initiatives; and ways to achieve international cooperation in areas where there are interlocking national interests. The volume includes essays on the impact of internationalization on specific topics such as external and domestic policy demands; increasing pressures from interjurisdictional competition for efficient public policy; how to account for interjurisdictional spillovers; implications for macroeconomic policy; poverty reduction; and the role of the private sector in program delivery and taxation. This collection offers a useful mix of public policy theory and practical applications. It serves as a worthwhile guide to how policy areas (e.g., the environment, economic development, and international debt) should be addressed and provides practical ideas about how to achieve international public policy goals. Summing Up: Recommended. General readers; upper-division undergraduate through professional audiences. G. N. Tompkins University of Regina

Notas de autor provistas por Syndetics

Inge Kaul is at United Nations Development Programme. Pedro Conceição is at United Nations Development Programme.