Government Austerity and Socioeconomic Sustainability

1. Front Matter

   Pages i-vii

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2. Introduction

   • P. K. Rao

   Pages 1-4

3. Poverty, Inequality and Unemployment: Socioeconomic Policy and Rawlsian Justice

   • P. K. Rao

   Pages 5-15

4. Economics of Austerity

   • P. K. Rao

   Pages 17-24

5. Government Austerity in Practice

   • P. K. Rao

   Pages 25-34

6. Debt Sustainability and Innovative Approaches for Socioeconomic Sustainability

   • P. K. Rao

   Pages 35-44

This short book integrates the imperatives of public debt sustainability with those of socioeconomic sustainability in the context of budget austerity measures. It is argued that poverty, inequality and unemployment problems should be integral aspects of policy frameworks for austerity and fiscal stability. The economics of austerity in much of economic analysis remains narrowly focused and lopsided, since the implications on the role of human capital and loss of prosperity base are usually ignored. This book argues that various misapplications of policies of government austerity can be avoided if greater attention is accorded to the imperatives of maintaining the win-win approaches for socioeconomic resilience and sustainability in conjunction with debt sustainability and/or fiscal stability.

• Fiscal Stability
• Government Austerity
• Inclusive Economic Development
• Public Debt Sustainability
• Unemployment

• International Development Consultant, International Development Consultant, Princeton, USA

  P.K. Rao

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