Review
"This monograph will be very useful to students, economists, central bankers and government officials interested in the issue of public finance in small developing countries. Written by a practitioner, the monograph blends both theory and practice to provide an informative and empirically rigorous approach to the subject."-Andrew S. Downes Professor of Economics and University Director Sir Arthur Lewis Institute of Social and Economic Studies University of the West Indies, Cave Hill Campus, Barbados
Book Description
The sound management of public finances is, in Williams' view, the most important factor in attaining the twin objectives of economic growth and improvement in the standard of living in small open developing economies. While looking at the challenges of public finance management in small states, with a focus on Barbados, this book suggests strategies of fiscal and microeconomic management for small economies that will permit them to ensure macroeconomic stability while promoting economic growth and development.