Development Policy As Public Finance [Paperback]

This is a graduate text on the use of public economics in formulating development policy. How to raise and spend revenues in order to promote development in practice involves second-best considerations, which the analysis of the role of international trade, liberalization, and other economic reforms must take into account. Particular emphasis is placed on social cost-benefit analysis as a means to discipline public expenditure decisions. Summaries and exercises are included.

1. International Trade: Theory
2. International Trade: Practice
3. International Trade: Liberalization
4. Taxation
5. Tax Reform
6. Seigniorage and Debt
7. Other Dynamic Pitfalls
8. An Introduction to Social-Cost Benefit Analysis
9. Shadow Prices: A General Equilibrium Approach
10. Time: The Social Discount Rate
11. Space: Transportation Costs
12. Risk and Uncertainty
13. Large Projects
14. Land Reform and Tenancy
15. Small-Scale Credit
Appendix. A Primer in Duality Theory

Clive Bell is Professor of Economics at Heidelberg University. Having obtained his D.Phil. from the University of Sussex in 1976, he has since held positions at the World Bank (1974-85), Johns Hopkins University (1985-6), Vanderbilt University (1986-95), and Regensburg University (1991-4).