<p>" <i>The Global Debt Crisis</i> is a brilliant advance on the central peril of modern democracy.Peterson and Nadler and their colleagues show, in lucid detail, that the American andEuropean debt crises grew from within our federal systems of layered sovereignty —andthat the way out requires strengthening, not weakening, our federal structures. Readerswill learn how federalism and financial markets can fortify democratic accountability atevery level and how centralizing debt can jeopardize both solvency and democracy. Thisis first-rate scholarship with political punch." —Christopher DeMuth, former president of the American Enterprise Institute</p>

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Debt crises have placed strains not only on the European Union's nascent federal system but also on the federal system in the United States. Old confrontations over fiscal responsibility are being renewed, often in a more virulent form, in places as far flung as Detroit, Michigan, and Valencia, Spain, to say nothing of Greece and Cyprus. Increasing the complexity of the issue has been public sector collective bargaining, now a component of most federal systems.

The attendant political controversies have become the debate of a generation. Paul Peterson and Daniel Nadler have assembled experts from both sides of the Atlantic to break down the structural flaws in federal systems of government that have led to economic and political turmoil. Proposed solutions offer ways to preserve and restore vibrant federal systems that meet the needs of communities struggling for survival in an increasingly unified global economy.

Contributors: Andrew G. Biggs (American Enterprise Institute); César Colino (National Distance Education University, Madrid); Eloísa del Pino (Instituto de Políticas y Bienes Públicos, Madrid); Henrik Enderlein (Hertie School of Governance, Berlin); Cory Koedel (University of Missouri); Carlos Xabel Lastra-Anadón (Harvard University); Daniel Nadler (Harvard University); Shawn Ni (University of Missouri); Amy Nugent (Government of Ontario, Canada); James Pearce (Mowat Centre, University of Toronto, Canada); Paul E. Peterson (Harvard University); Michael Podgursky (University of Missouri); Jason Richwine (Washington, D.C.); Jonathan Rodden (Stanford Uni versity); Daniel Shoag (Harvard University); Richard Simeon (University of Toronto, Canada); Camillo von Müller (University of St. Gallen, Switzerland, and Leuphana University, Germany); Daniel Ziblatt (Harvard University)

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Debt crises have placed strains not only on the European Union's nascent federal system but also on the federal system in the United States. Increasing the complexity of the issue has been public sector collective bargaining, now a component of most federal systems. This book deals with this topic.
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Produktdetaljer

ISBN
9780815704874
Publisert
2014-01-22
Utgiver
Bloomsbury Publishing Plc; Brookings Institution
Vekt
363 gr
Høyde
229 mm
Bredde
152 mm
Dybde
17 mm
Aldersnivå
P, 06
Språk
Product language
Engelsk
Format
Product format
Heftet
Antall sider
252

Om bidragsyterne

"Paul E. Peterson is the Henry Lee Shattuck Professor of Government and director of the Program on Education Policy and Governance at Harvard University and a senior fellow at the Hoover Institution. His many books include The Price of Federalism (Brookings). Daniel Nadler is a visiting scholar at the Federal Reserve and a Ph.D. candidate at Harvard University."