Transformation of municipal Finance in the context of globalization
Research background: In the context of globalization, a steady trend towards the formation of “open” economies in the context of the international division of labor, the idea of states defending their national economic interests as the basis for their economic and political independence becomes part...
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2021-01-01
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Online Access: | https://www.shs-conferences.org/articles/shsconf/pdf/2021/03/shsconf_glob20_03019.pdf |
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doaj-7b7ee9625f3e49b09ddc9386507f20f02021-01-15T10:21:31ZengEDP SciencesSHS Web of Conferences2261-24242021-01-01920301910.1051/shsconf/20219203019shsconf_glob20_03019Transformation of municipal Finance in the context of globalizationMorunova Galina0Gorbushina SvetlanaKolesnikova Tatyana1Saint Petersburg state University of Economics, Faculty of Economics and Finance, Department of FinanceSt-Petersburg State University of Aerospace Instrumentation (SUAI), Institute of Entrepreneurship Technologies, Department of international entrepreneurshipResearch background: In the context of globalization, a steady trend towards the formation of “open” economies in the context of the international division of labor, the idea of states defending their national economic interests as the basis for their economic and political independence becomes particularly important. The basis for strengthening the economic base seems to be the formation of sustainable finances at all levels of government, especially at the municipal level, which is directly close to the needs of the population, as well as the active involvement of civil society in ensuring the independent and comprehensive development of territories. Purpose of the article: To study the transformation of municipal finances, turning them into the economic basis of “state-population” political exchange Methods: The research is based on J. Buchanan’s theory of constitutional economics about the “state-population” political exchange as a condition of social development. Findings & Value added: The research conducted by the authors allows them to conclude that due to the constitutional and legal status of the municipality, local government is the level where the real and most effective “state-population” political exchange takes place, acting as a driver of socio-economic transformations. Because of this, municipal finance becomes the economic basis for such an exchange and an indispensable condition for the harmonious sustainable development of territories, which gives special importance to the issues of their formation and evaluation of the effectiveness of public participation in the organization of their functioning.https://www.shs-conferences.org/articles/shsconf/pdf/2021/03/shsconf_glob20_03019.pdfglobalizationeconomic independencemunicipal finance“state-population” political exchangetheory of constitutional economy |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Morunova Galina Gorbushina Svetlana Kolesnikova Tatyana |
spellingShingle |
Morunova Galina Gorbushina Svetlana Kolesnikova Tatyana Transformation of municipal Finance in the context of globalization SHS Web of Conferences globalization economic independence municipal finance “state-population” political exchange theory of constitutional economy |
author_facet |
Morunova Galina Gorbushina Svetlana Kolesnikova Tatyana |
author_sort |
Morunova Galina |
title |
Transformation of municipal Finance in the context of globalization |
title_short |
Transformation of municipal Finance in the context of globalization |
title_full |
Transformation of municipal Finance in the context of globalization |
title_fullStr |
Transformation of municipal Finance in the context of globalization |
title_full_unstemmed |
Transformation of municipal Finance in the context of globalization |
title_sort |
transformation of municipal finance in the context of globalization |
publisher |
EDP Sciences |
series |
SHS Web of Conferences |
issn |
2261-2424 |
publishDate |
2021-01-01 |
description |
Research background: In the context of globalization, a steady trend towards the formation of “open” economies in the context of the international division of labor, the idea of states defending their national economic interests as the basis for their economic and political independence becomes particularly important. The basis for strengthening the economic base seems to be the formation of sustainable finances at all levels of government, especially at the municipal level, which is directly close to the needs of the population, as well as the active involvement of civil society in ensuring the independent and comprehensive development of territories.
Purpose of the article: To study the transformation of municipal finances, turning them into the economic basis of “state-population” political exchange
Methods: The research is based on J. Buchanan’s theory of constitutional economics about the “state-population” political exchange as a condition of social development.
Findings & Value added: The research conducted by the authors allows them to conclude that due to the constitutional and legal status of the municipality, local government is the level where the real and most effective “state-population” political exchange takes place, acting as a driver of socio-economic transformations. Because of this, municipal finance becomes the economic basis for such an exchange and an indispensable condition for the harmonious sustainable development of territories, which gives special importance to the issues of their formation and evaluation of the effectiveness of public participation in the organization of their functioning. |
topic |
globalization economic independence municipal finance “state-population” political exchange theory of constitutional economy |
url |
https://www.shs-conferences.org/articles/shsconf/pdf/2021/03/shsconf_glob20_03019.pdf |
work_keys_str_mv |
AT morunovagalina transformationofmunicipalfinanceinthecontextofglobalization AT gorbushinasvetlana transformationofmunicipalfinanceinthecontextofglobalization AT kolesnikovatatyana transformationofmunicipalfinanceinthecontextofglobalization |
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