Encouraging public investment in sustainable development
Encouraging public spending on development
Public spending plays a critical role in development. Through spending, governments preserve and promote national identity, supply infrastructure for development, influence both the course of economic growth and the distribution of its benefits, and provide social services to meet the basic needs of the population. Yet rapid growth in public spending unmatched by domestic revenue has led many developing countries into fiscal crisis, and in many cases spending has been ineffective in promoting growth and equity. Governments throughout the developing world face the need to trim expenditure and improve its allocation. The effectiveness of each item of spending is critical in determining its effect on development. Each major project should be carefully appraised, not only for economic viability (using cost-benefit or cost-effectiveness analysis), but also for technical, administrative, and financial feasibility. A distorted policy environment may cause even the best projects to fail. They need the support of appropriate pricing, trade and credit policies.
The Encyclopedia of World Problems and Human Potential is a unique, experimental research work of the Union of International Associations. It is currently published as a searchable online platform with profiles of world problems, action strategies, and human values that are interlinked in novel and innovative ways. These connections are based on a range of relationships such as broader and narrower scope, aggravation, relatedness and more. By concentrating on these links and relationships, the Encyclopedia is uniquely positioned to bring focus to the complex and expansive sphere of global issues and their interconnected nature.
The initial content for the Encyclopedia was seeded from UIA’s Yearbook of International Organizations. UIA’s decades of collected data on the enormous variety of association life provided a broad initial perspective on the myriad problems of humanity. Recognizing that international associations are generally confronting world problems and developing action strategies based on particular values, the initial content was based on the descriptions, aims, titles and profiles of international associations.
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