Principles of Public Policy Practice
Principles of Public Policy Practice was written with policy makers, concerned citizens, and students of public policy in mind. Striving to avoid technical language, the author introduces a new paradigm that starts from the commonality of human nature and
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ABOUT THE AUTHOR
Professor Lok Sang Ho, Director of the Center for Public Policy Studies and Professor of Economics, Lingnan University, has a long-standing interest in public policy. With a doctorate in economics from the University of Toronto, he started his career of policy research in the Ontario Ministry of Treasury and Economics as Economist and then as Research Officer at the Ontario Economic Council. Prior to his appointment at Lingnan University in 1995, Professor Ho was Senior Lecturer at the Chinese University of Hong Kong. Professor Ho remains affiliated with the Chinese University as an Honorary Research Fellow. He has sat in a number of government and public advisory bodies. The list includes the Central Policy Unit of the Hong Kong Special Administrative Region Government, the Pacific Economic Cooperation Council Hong Kong Committee, the Trade Policy Forum, and the committee of advisors for the Hong Kong Institute of Monetary Research of the Hong Kong Monetary Authority. Professor Ho has been President of Hong Kong Economic Council since 1999 and Managing Editor of the Pacific Economic Review since 1996.
PRINCIPLES OF PUBLIC POLICY PRACTICE
by
LokSangHo Center for Public Policy Studies Lingnan University, Hong Kong
Foreword by Yew-Kwang Ng
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SPRINGER SCIENCE+BUSINESS MEDIA, LLC
Library of Congress Cataloging-in-Publication Data Ho, Lok-sang. Principles of public policy practice / by Lok Sang Ho; foreword by Yew-Kwang Ng. p.cm. Includes bibliographical references (p.) and index. ISBN 978-1-4613-5622-6 ISBN 978-1-4615-1575-3 (eBook) DOI 10.1007/978-1-4615-1575-3 1. Public adminstrataion--Philosophy. 2. Economic Policy--Philosophy. 3. Risk management. JFI351.H592001 320' .6'01--dc21
00-048692
Copyright © 2001 by Springer Science+Business Media New York Originally published by Kluwer Academic Publishers in 2001 Softcover reprint of the hardcover lst edition 2001 AII rights reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, mechanical, photo-copying, recording, or otherwise, without the prior written permission of the publisher, Springer Science +Business Media, LLC.
Printed on acid-free paper.
To Alvin, Emily, and Irene Would I be wise; Would the World learn.
CONTENTS
Foreword Preface Acknowledgments
ix xv xvii 1
Chapter 1
Introduction
Part I Chapter 2 Chapter 3 Chapter 4
The Theory of Public Policy Design What Makes Good Public Policy Human Nature and Public Policy Institutional Foundations for a Just Society
7 9 19 37
Part 2 Chapter 5
Microeconomic Risk Management Health Care Delivery and Financing: In Search of an Ideal Model Legal Aid and Justice Bank Deposit Insurance Towards an Optimal Public Pension Scheme
57
Chapter 6 Chapter 7 Chapter 8
59 71 77 87
Part 3 Macroeconomic Risk Management Chapter 9 The Risks of Monetary Crises: Inflation Chapter 10 The Risks of Monetary Crises: Currency Crises and Interest Rate Gyrations Chapter 11 Savings Instruments, Bubbles, and Financial Crises Chapte
