Book section
Intertemporal Syndromes: Redistribution from the Future to the Present.
- Abstract:
-
This chapter focuses on a particular type of policy failure, namely the sacrifice of future income for present gain. All societies and their governments face a trade-off between present and future consumption. Choices become sufficiently erroneous to be seen as a 'syndrome' if governments prioritize current spending to such an extent that future consumption is actually lower than current consumption. Africa's intertemporal syndromes fall into two groups, unsustainable booms in public spending...
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Authors
Contributors
+ Ndulu, B
Role:
Editor
+ O'Connell, S
Role:
Editor
+ Bates, R
Role:
Editor
+ Soludo, C
Role:
Editor
Bibliographic Details
- Publisher:
- Cambridge University Press
- Host title:
- The Political Economy of Economic Growth in Africa, 1960-2000
- Place of publication:
- Cambridge
- Publication date:
- 2007-01-01
- ISBN:
- 978-0521878487
Item Description
- Language:
- English
- UUID:
-
uuid:ad7a5a73-13be-4c6a-b707-b2a1f6d16fd6
- Local pid:
- oai:economics.ouls.ox.ac.uk:14319
- Deposit date:
- 2011-08-16
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Terms of use
- Copyright date:
- 2007
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