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Mark Baldassare When Government Fails (Paperback) (US IMPORT)

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Book Title
When Government Fails
Title
When Government Fails
Subtitle
The Orange County Bankruptcy
ISBN-10
0520214862
EAN
9780520214866
ISBN
9780520214866
Genre
Society & Culture
Topic
Social Sciences
Release Date
01/06/1998
Release Year
1998
Country/Region of Manufacture
US
Item Length
152mm
Publication Year
1998
Type
Textbook
Format
Paperback
Language
English
Publication Name
When Government Fails: the Orange County Bankruptcy
Item Height
229 mm
Author
Mark Baldassare
Publisher
University of California Press
Subject
Finance
Item Weight
454 g
Item Width
152 mm
Number of Pages
320 Pages

關於產品

Product Information

When Orange County, California, filed for Chapter 9 protection on December 6, 1994, it became the largest municipality in United States history to declare bankruptcy. In the first comprehensive analysis of this momentous fiscal crisis, Mark Baldassare uncovers the many twists and turns from the dark days in December 1994 to the financial recovery of June 1996. Utilizing a wealth of primary materials from the county government and Merrill Lynch, as well as interviews with key officials and players in this drama, Mark Baldassare untangles the causes of this $1.64 billion fiasco. He finds three factors critical to understanding the bankruptcy: one, the political fragmentation of the numerous local governments in the area; two, the fiscal conservatism underlying voters' feelings about their tax dollars; three, the financial austerity in state government and in meeting rising state expenditures. Baldassare finds that these forces help to explain how a county known for its affluence and conservative politics could have allowed its cities' school, water, transportation, and sanitation agencies to be held hostage to this failed investment pool. Meticulously examining the events that led up to the bankruptcy, the local officials' response to the fiscal emergency, and the road to fiscal recovery?as well as the governmental reforms engendered by the crisis?When Government Fails is a dramatic and instructive economic morality tale. Eminently readable, it underlines the dangers inherent in a freewheeling bull economy and the imperatives of local and state governments to protect fiscal assets. As Baldassare shows, Orange County need not?and should not?happen again.

Product Identifiers

Publisher
University of California Press
ISBN-13
9780520214866
eBay Product ID (ePID)
94492653

Product Key Features

Number of Pages
320 Pages
Language
English
Publication Name
When Government Fails: the Orange County Bankruptcy
Publication Year
1998
Subject
Finance
Type
Textbook
Author
Mark Baldassare
Format
Paperback

Dimensions

Item Height
229 mm
Item Weight
454 g
Item Width
152 mm

Additional Product Features

Country/Region of Manufacture
United States
Title_Author
Mark Baldassare
LeafCats
378

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