Government Austerity and Socioeconomic Sustainability
This short book integrates the imperatives of public debt sustainability with those of socioeconomic sustainability in the context of budget austerity measures. It is argued that poverty, inequality and unemployment problems should be integral aspects of
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P. K. Rao
Government Austerity and Socioeconomic Sustainability
SpringerBriefs in Economics
For further volumes: http://www.springer.com/series/8876
P. K. Rao
Government Austerity and Socioeconomic Sustainability
13
P. K. Rao International Development Consultant Princeton, NJ USA
ISSN 2191-5504 ISSN 2191-5512 (electronic) ISBN 978-3-319-04234-3 ISBN 978-3-319-04235-0 (eBook) DOI 10.1007/978-3-319-04235-0 Springer Cham Heidelberg New York Dordrecht London Library of Congress Control Number: 2014941755 © The Author(s) 2015 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. Exempted from this legal reservation are brief excerpts in connection with reviews or scholarly analysis or material supplied specifically for the purpose of being entered and executed on a computer system, for exclusive use by the purchaser of the work. Duplication of this publication or parts thereof is permitted only under the provisions of the Copyright Law of the Publisher’s location, in its current version, and permission for use must always be obtained from Springer. Permissions for use may be obtained through RightsLink at the Copyright Clearance Center. Violations are liable to prosecution under the respective Copyright Law. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. While the advice and information in this book are believed to be true and accurate at the date of publication, neither the authors nor the editors nor the publisher can accept any legal responsibility for any errors or omissions that may be made. The publisher makes no warranty, express or implied, with respect to the material contained herein. Printed on acid-free paper Springer is part of Springer Science+Business Media (www.springer.com)
Preface
This Special Monograph is intended to draw the attention of policymakers and public policy researchers to the pressing current problems of fiscal austerity, inclusive economic growth, and the imperatives for socioeconomic sustainability. Devising and maintaining a fair and equitable socioeconomic system remains a fundamental requirement for long-term sustainability of the economy. Much of the ongoing policy practice in many countries is deficient in addressing the required institutional and policy innovations, and is often tilted in favor of preconceived or simplistic notions rather than founded on comprehensive objective evaluation of alternatives that support all sections of
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