ENGLISH

Government Austerity and Socioeconomic Sustainability

By P.K. Rao (auth.)

Book information

Publisher
Springer International Publishing
Year
2015
ISBN
978-3-319-04234-3, 978-3-319-04235-0
DOI
10.1007/978-3-319-04235-0
Language
english
Format
PDF
Filesize
718 kB (734869 bytes)
Series
SpringerBriefs in Economics
Edition
1
Pages
44\49
Time added
2014-11-10 20:00:00
Public Finance & Economics; Economic Policy; Polit

Description

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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