In this work, European contributors reveal that there is a convincing case for public investment as an essential driver of convergence and growth in Europe. They offer new data, policy
evaluations, and national and regional perspectives on the fiscal conditions and growth potential of the New Member States of Central and Eastern Europe. The book concentrates on the effect of
public investment in the context of macroeconomic disequilibrium and the possibility of financing capital accumulation even under conditions of mounting public sector debt. Part 1 offers a
conceptual framework for public investment and growth, with a post-Keynesian perspective of public investment under disequilibrium. Part 2 details patterns and trends of public investment and
fiscal conditions in the EU's New Member States, especially in the areas of public sector accounts and convergence criteria. Part 3 investigates structural funds, employment growth in
manufacturing, and other infrastructure investment opportunities in the EU New Member States. It will be of interest to academics, students, practitioners, and policymakers in public finance
and European economics. Florio teaches public economics at the University of Milan, Italy. Annotation 穢2011 Book News, Inc., Portland, OR (booknews.com)
