Overview
- Synthesizes the limitations of austerity measures and suggests holistic approaches
- Offers directions for maintaining flexibility in debt reduction and fiscal stability
- Suggests rational alternatives for productivity-raising and damage-reducing austerity measures
- Includes supplementary material: sn.pub/extras
Part of the book series: SpringerBriefs in Economics (BRIEFSECONOMICS)
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About this book
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 policy frameworks for austerity and fiscal stability. The economics of austerity in much of economic analysis remains narrowly focused and lopsided, since the implications on the role of human capital and loss of prosperity base are usually ignored. This book argues that various misapplications of policies of government austerity can be avoided if greater attention is accorded to the imperatives of maintaining the win-win approaches for socioeconomic resilience and sustainability in conjunction with debt sustainability and/or fiscal stability.
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Keywords
Table of contents (5 chapters)
Authors and Affiliations
Bibliographic Information
Book Title: Government Austerity and Socioeconomic Sustainability
Authors: P.K. Rao
Series Title: SpringerBriefs in Economics
DOI: https://doi.org/10.1007/978-3-319-04235-0
Publisher: Springer Cham
eBook Packages: Business and Economics, Economics and Finance (R0)
Copyright Information: The Author(s) 2015
Softcover ISBN: 978-3-319-04234-3Published: 08 July 2014
eBook ISBN: 978-3-319-04235-0Published: 24 June 2014
Series ISSN: 2191-5504
Series E-ISSN: 2191-5512
Edition Number: 1
Number of Pages: VII, 44
Topics: Public Economics, Economic Policy, International Political Economy