| Description |
1 online resource : illustrations |
| Contents |
The puzzle of relentlessly and alarmingly growing debt -- Fiscal polarization, international exposure, and sustained debt accumulation -- Evolving social coalitions, intense polarization, and moderate exposure : Italy -- Fiscal discord and accord in open economies : Belgium versus Ireland -- Fiscal discord in closed economies : Greece and Japan -- Variations on three themes : social coalitions, fiscal polarization, and international exposure |
| Summary |
Why do rich countries flirt with fiscal disaster? Why did affluent countries - like Belgium, Greece, Italy or Japan - persistently accumulate so much debt between the 1970s and the 2000s, in times of peace and prosperity, that they became vulnerable and exposed themselves to the risk of default? In the past three decades, an extensive scholarly consensus emerged around the view that the answer is fiscal indiscipline, the lack of sufficient concern for budgetary constraints from policy makers as they try to please voters. Zsófia Barta argues that explaining why some countries accumulate substantial amounts of debt for decades hinges on understanding the conditions required to allow policy makers to successfully put into place painful adjustment measures |
| Bibliography |
Includes bibliographical references and index |
| Notes |
This work is licensed under a Creative Commons license https://creativecommons.org/licenses/by-nc-nd/4.0/legalcode |
|
English |
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Online resource; title from PDF title page (Site, viewed 01/21/2021) |
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Print version record |
| Subject |
Debts, Public -- Developed countries
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POLITICAL SCIENCE -- International Relations -- General.
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Debts, Public
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International economic relations
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| SUBJECT |
Developed countries -- Foreign economic relations
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| Subject |
Developed countries
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| Form |
Electronic book
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| LC no. |
2017056805 |
| ISBN |
9780472123469 |
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0472123467 |
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9780472900923 |
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0472900927 |
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0472130641 |
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9780472130641 |
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