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This book draws on experiences in developing countries to bridge the gap between the conventional textbook treatment of fiscal decentralization and the actual practice of subnational government finance. The extensive literature about the theory and practice is surveyed and longstanding problems and new questions are addressed. It focuses on the key choices that must be made in decentralizing, on how economic and political factors shape the choices that countries make, and on how, by paying more attention to the need for a more comprehensive approach and the critical connections between different components of decentralization reform, everyone involved might get more for their money.
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Phar Lap's rise to greatness in 1930 triggered extraordinary excitement across Australia but it also spooked bookmakers, who faced ruin if the wonder horse won the Melbourne Cup. Rumours were swirling: would Phar Lap be stopped, whatever the cost? They Shot Phar Lap, Didn't They? starts with a scene straight out of a Raymond Chandler whodunit, as two shadowy figures, one armed with a shotgun, try to assassinate Phar Lap on a quiet suburban backstreet. With his life in peril, the champion is spirited away to a secret location, while one of the city's most famous detectives leads the hunt for the culprits. On Cup Day, an hour before the jump, Phar Lap's whereabouts remain a mystery to the public. Finally, he arrives at the track, a huge crowd cheering him on. The police have been told to 'have their men along the rails' because the perpetrators of Saturday's attack intend to strike again. But was the 'shooting' all that it seemed? Only one thing is certain--after all he'd been through, it would take a phenomenal performance for Phar Lap to win this Cup...
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This handbook evaluates the persistent problems in the fiscal systems of state and local governments and what can be done to solve them. Each chapter provides a description of the discipline area, examines major developments in policy practices and research, and opines on future prospects.
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