n IMFO : Official Journal of the Institute of Municipal Finance Officers - Financing Cities : Fiscal Responsibility and Urban Infrastructure in Brazil, China, India, Poland and South Africa, George E. Peterson and Patricia Clarke Annez (Eds.) : book review

Volume 9, Issue 2
  • ISSN : 1607-520X



Urbanization is not a side effect of economic growth ; it is an integral part of the process. While creating tremendous economic opportunities, urbanization also makes demands for infrastructure investment that can unbalance government budgets and stymie growth at the macro level. How can the goal of increasing public investment in urban infrastructure be reconciled with the need for prudent fiscal management?

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