Fall 2010 - 60945 - PA188G - Topics in Global Policy Studies
Innovations in Public Spending Around the World
|Instructor(s):|| Gamkhar, Shama
|Day & Time:||Th 2:00 - 5:00 pm|
|Waitlist Information:||For LBJ Students: UT Waitlist Information|
This course covers innovations in paying for public services with an international perspective including: Public Private Partnerships; Carbon (environmental) Taxes in Europe and Municipal Bonds in Emerging Markets. Though the policy setting of these financing sources might be varied, the reasons for their growing importance as sources of public finance are the same. The factors that have stimulated the use of these forms of public finance are the relative paucity of funds generated by traditional sources of public financing in the face of rising public expenditure needs, financial liberalization and waning public willingness to pay for public services in traditional ways across the globe. The course will begin with an overview of the current global fiscal outlook along with the policy challenges where these funding streams will play a critical role. Following this, we will discuss each method of financing, considering the fiscal framework within which it is implemented; its strengths and weaknesses as a funding mechanism; evaluate cases where each method has been used. The emphasis will be on the use of these methods rather than the underlying theories of public finance or environmental economics associated with each area.
Class meets Aug 26 through September 23, 2010.