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Multi-level Governance$
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Ian Bache and Matthew Flinders

Print publication date: 2004

Print ISBN-13: 9780199259250

Published to Oxford Scholarship Online: April 2004

DOI: 10.1093/0199259259.001.0001

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Multi-level Governance and Economic Policy

Multi-level Governance and Economic Policy

Chapter:
(p.179) 11 Multi-level Governance and Economic Policy
Source:
Multi-level Governance
Author(s):

JONATHAN PERRATON

PETER WELLS

Publisher:
Oxford University Press
DOI:10.1093/0199259259.003.0011

Jonathon Perraton and Peter Wells explore the relevance of multi‐level governance for understanding economic policy‐making. They note that three general trends can be seen in this policy area in the last 50 years. First, the ceding of power to supranational institutions in the field of economic policy‐making. Second, the creation of subnational regional infrastructures that can often have economic policy‐making capacities. And, third, the adoption of new policy instruments by national governments that commonly involve partnership arrangements with the private sector. Perraton and Wells explore the relevance of multi‐level governance in relation to these trends and its relationship to approaches that are grounded in economics, notably fiscal federalism.

Keywords:   economic policy, fiscal federalism, governance, multi‐level governance, partnership, policy instruments

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