Latin Aspirations x Fiscal Realities (Tanzi)

Democratic Aspirations and Fiscal Realities in Latin America by Vito Tanzi, paper drafted at the quest of the OAS, April/2009. He concluded: “The democratization of Latin America requires a democratization of its fiscal policy. For many countries this can only come from structural changes and not from raising the levels of taxes and public spending”. (see PDF attached). Tanzi addressed the following subjects: regulatory safety net; Washington Consensus and democratization; digression on political and economic changes; fiscal resources and social deficits; can the democratic deficit be reduced?