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Public Finance & Debt in Development

  • NINT 5268 - Public Finance & Debt in Development (Spring 2008)

Section A/CRN 6413 (syllabus)
TBA
Thursday 8.00pm - 9.50pm

Fifty six developing country governments were in debt crises just in 1999-2003 and most are still working out from under them. An effective public sector is crucial, whatever development strategy is followed. This course proposes to study how public finance works and how it should work in developing countries. What principles should guide government budgeting? What processes should they follow? How should developing country governments decide what to spend money on, given limited resources and important development demands that fall on the public sector? How should they raise fiscal revenues efficiently and fairly? When should they borrow, from whom and on what terms? Why are they unusually vulnerable to debt crises? How should crises be resolved quickly and fairly? What is a sustainable public debt? How much can countries do for themselves and what support is offered by the “international community”? Is anything missing in the international financial architecture? Where does justice lie? These are questions that this course will tackle.

Concentration:Development