Public finance in emerging economies
Public finance in emerging economies
复制标题
新兴经济体的公共财政
DOI:
10.1007/s10797-023-09817-6
复制
发表时间:
2024
影响因子:
1
通讯作者:
Brockmeyer A
中科院分区:
文献类型:
--
作者:
Brockmeyer A
While over 80% of the world’s population live in low-and middle-income countries, research in public finance has for a long time been focused on high-income countries. In emerging markets, the design and implementation of fiscal policies must contend with various market failures, such as imperfect credit or financial markets, with government-induced distortions and with limits to the capacity of governments to implement optimal policies. At the same time, there are many opportunities for governments from emerging markets to use the latest advances in public finance to improve the design of public finance policies and for governments in rich countries to learn from the experiences in the rest of the world. In our interconnected world, the challenges faced by emerging economies are central to the future of the global economy. Whether and how emerging economies transition to cleaner energy sources is a key question for global warming. How medical systems in developing countries respond to the COVID-19 pandemic will shape the course of the epidemic. Similarly, as aging demographic structures in rich countries place pressure on retirement systems and on global value chains, there will likely be increased reliance on abundant labor in emerging economies. Our special ITAX issue features cutting-edge research that shed light on important new policies and economics developments in both high-and low-incomeMost of the work on this special issue was conducted when Anne Brockmeyer was an Associate Director at the Institute for Fiscal Studies, and was financially supported by UKAID from the UK government via the Centre for Tax Analysis in Developing Countries (TaxDev) and through Brockmeyer’s UKRI Future Leaders Fellowship (grant reference MR/V025058/1). The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of the World Bank, its Board of Executive Directors, or the governments that they represent.