Economics, Econometrics and Finance
8 years ago

Decentralization poses grave dangers to society, study finds.

The World Bank Research Observer
THE DANGERS OF DECENTRALIZATION
Rémy Prud’homme

Paper Summary

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The article "THE DANGERS OF DECENTRALIZATION" discusses the negative impacts of decentralizing decision-making power. The researchers found that decentralization can lead to inefficiencies, corruption, and unequal distribution of resources. They argue that while decentralization can promote local participation, it can also create challenges in coordination and accountability.