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Showing posts from February, 2011

Korea’s Fiscal Management for Economic Development

The Republic of Korea (here within known as “Korea”) has nine provinces and seven administratively separate cities—Seoul, the capital, along with Busan, Daegu, Daejeon, Gwangju, Incheon and Ulsan. With 48.6 million people, Korea has one of the world’s highest population densities with the 81% of total population living in urban areas (CIA Factbook 2008). Major population centers are located in the northwest, southeast, and in the plains south of the Seoul-Incheon area.The country has seen extraordinary growth rates over its recent history and much of this has been produced due to major planned action by the public administration. This paper will describe the economic growth, fiscal policy and the planning models that the country has conducted. Furthermore, it will review the countries decentralization attempts and review its current fiscal policies as it strives to continue growth into the twenty-first century.
The market
Originally uploaded by heydee
Early economic development pla…

Rockefeller Foundation Invites Nominations for Jane Jacobs Medal

The Rockefeller Foundation has opened the public nominating process for the 2011 Jane Jacobs Medal. The medal is annually awarded to two living individuals whose creative vision for the urban environment has significantly contributed to the vibrancy and variety of New York City. The foundation seeks nominees for two different awards - one for lifetime leadership and one for new ideas and activism. Nominees should have opened our eyes to a new way of seeing and understanding New York City; generated new ways to think about the development and preservation of urban environments (specifically in New York City); and/or have demonstrated an innovative approach to how we think about neighborhoods and l solve the problems within them.Nominations may be made by anyone, and should be submitted through the Rockefeller Foundation Web site. The 2011 Jane Jacobs Medals will be awarded to the recipients at a reception in the fall of 2011. Visit the Rockefeller Foundation …

Conferencia de las Américas

Debate regional al ritmo de los conflictos locales
Por Lara Bersano
La XIII Conferencia de las Américas del Miami Herald, organizado conjuntamente con el Banco Mundial, la Universidad Internacional de la Florida y el Gobierno del Estado de la Florida, tuvo una de las mayores convocatorias en sus trece años de historia y un programa marcado por debates de fondo sobre los problemas que atraviesa la región. Desde el tema de Honduras hasta la situación de Haití, pasando por la criminalidad en México y la defensa del modelo Argentino de Crecimiento, el evento fue una de las cumbres políticas más importantes del año.La vicepresidente del Banco Mundial, Pamela Cox, el ex presidente Bill Clinton, el presidente Oscar Arias, Dan Restrepo, el enviado especial de Obama para Latinoamérica, el gobernador de Buenos Aires Daniel Scioli, el Jefe de Gobierno de Buenos Aires, Mauricio Macri, y una docena de imp…

Can Local Governments be used as agents for Growth?


Heidi Jane Smith
Florida International University
Prepared for delivery at the 2009
Congress of the Latin American Studies Association
Rio de Janeiro, Brazil June 11-14, 2009

Recent local economic development initiatives in Latin America are a consequence of the decentralization processes currently underway in the region. Specific efforts to promote these policies are driven by a complex set of political and economic factors facing local areas. Some Latin American countries, such as Mexico and Argentina, have started to offer incentives as a way to attract foreign investment. Others have provided promotional advertisements to retain or encourage manufacturing and/or foreign enterprises into their areas. Still others encourage small and medium enterprises to grow by creating a positive policy environment within which to work.

The key issue is h…

Fiscal Federalism in Latin America: From Entitlements to Markets, edited by Eduardo Wiesner

Public Budgeting & Finance, Volume 28, Issue 4, pages 111–113, Winter 2008 Heidi Jane SmithArticle first published online: 25 NOV 2008DOI: 10.1111/j.1540-5850.2008.00919.xBook Review
Fiscal Federalism in Latin America: From Entitlements to Markets, edited by Eduardo Wiesner. Baltimore and London: Inter-American Development Bank. Distributed by The Johns Hopkins University Press, 2003. 144pp. $16.95.

What is fiscal federalism and how does it apply to Latin America’s decentralization process and poverty reduction is the central question Eduardo Wiesner is addressing in this book published by the Inter-American Development Bank in 2003. While comparing current decentralization processes in Brazil, Ecuador, Bolivia, and Chile, Wiesner provides Latin American (LAC) governments with a new fiscal policy framework.

Fiscal Decentralization: Explaining Successful Local Economic Development in Latin America

Working Paper by

Heidi Jane M. Smith
Florida International University - Department of Public Administration

August 13, 2010

This study uses a statistical model to examine which institutional factors influence the number of businesses created in a local area. It uses a survey of mayors, city council members and executives from thirteen countries in Latin America to gauge whether they implement pro-business policies. The analysis considers fiscal, administrative and political autonomy as influential factors and controls for municipal environmental factors. The outcome shows that whereas political autonomy and business friendly policies at the local level are important in attracting new businesses to the municipality, administrative and fiscal autonomy are less influential. The importance of this research lies in the theoretical analysis, which evaluates whether mayors and other local authorities see themselves as agents of growth. Specifically, the following question…

Latin American Tax Policy Reviewed

Indeed, tax revenues in Latin America are low by international standards. The IDB reports within the region that tax revenues, excluding social contributions, were about 17 percent on average of GDP in 2005. Yet, there are very large discrepancies in tax burdens across the countries and within states (at the sub-national level). They range from the low burdens of countries endowed with nonrenewable resources like Mexico and Venezuela (about 10 percent of GDP), to high levels in countries like Brazil (36 percent of GDP).

Surprisingly, Brazil’s tax-to-GDP ratio, at 36 percent of GDP in 2004, is already closer to the OECD average than that of the other Latin American countries. It is one of the most progressive systems within the region. But in some countries, such as Peru or Mexico, government revenue is much lower, usually in a range of 10-20 percent of GDP. This reflects the inability of the government to bring more dynamic sectors of the economy into the tax net.

Within some countries…