Fiscal Policy in Focus - Responsibilities and Limitations of Governments

The book argues that inclusive and sustainable development requires the State to act as an active enabler and regulator. A complementary public-private relationship is indispensable for promoting social welfare. The subject matter also discusses the strengths and limitations of tax-expenditure policies.

List of contents

1. Some Important Definitions and Two Divergent Views 2. Role of the State, Notion of Efficiency, Types of Economic Policy 3. How Fiscal Policy Works 4. Market Failure and Government Failure 5. Size of the Public Sector, Costs of Taxation 6. Fiscal policy in a Globalized World 7. Closer look at Public Debt 8. Government Actions for Sustainable Long Run Growth 9. Conclusion

About the author

Soumyen Sikdar retired as Professor of Economics at the Indian Institute of Management Calcutta, India. He has also taught at Calcutta University, Burdwan University and Presidency University, India. As Faculty/Researcher, he has visited the Indira Gandhi Institute of Development Research (India), Osaka University (Japan) and Aarhus University (Denmark). His research interests include macroeconomics of open economies, India and globalisation and public policy.

Product details

• Authors: Soumyen Sikdar, Sikdar Soumyen
• Publisher: Taylor & Francis Ltd.
• Languages: English
• Product format: Hardback
• Released: 10.04.2025
• EAN: 9781032955421
• ISBN: 978-1-0-3295542-1
• No. of pages: 108
• Series: Routledge Focus on Management and Society
• Subjects: Natural sciences, medicine, IT, technology > Natural sciences (general); Social sciences, law, business > Political science > Political science and political administration; Sociology, Business & Economics / General, BUSINESS & ECONOMICS / Economics / General, BUSINESS & ECONOMICS / Government & Business, BUSINESS & ECONOMICS / Development / Economic Development, Development Studies, Development economics & emerging economies, Development economics and emerging economies