20th Century Public Expenditure (Global Perspective)

Author: (USA) Tanzi, (Germany) Schuknecht, translated by Hu Jiayong
Publisher:
Publish Date: 2005-11-01
Features: This book explores the changes in government fiscal functions in the 20th century. During this century, government spending in all industrialized countries has increased significantly. However, the authors find that over the past 35 years, the growth in government spending has not brought much additional social and economic benefits. This suggests that the public spending of industrialized countries could be much lower than the current level without sacrificing important social policy goals. To this end, the government needs to adjust its policies and look ahead to the future functions of the state—globalization demands and people's desire for a "lean" yet "generous" state.