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The article formulates the author’s own conception of innovative transformation of the post-war economy of Ukraine for accelerated elimination of the consequences of the military invasion of the aggressor state on a global scale and modernization of the structural units of the national economy and regional economic complexes. It is substantiated that in the context of significant territorial heterogeneity of the sectoral structure of the economic complex, the choice of priorities for innovative transformation of the post-war economy should take into account the peculiarities of economic development of Ukraine’s regions. It is found that the determination of goal-setting for the innovative transformation of the post-war economy should include the identification of the main determinants (military, institutional-digital, resource-production and environmental, social, macro-cyclical and macro-fiscal, global), which currently determine the basic trends in the functioning of national and regional economic complexes. It is substantiated that the main principles of innovative transformation of the post-war economy of Ukraine and regional economic complexes are: 1) the principle of social responsibility; 2) the principle of dirigisme; 3) the principle of inclusiveness; 4) the principle of co-evolution; 5) the principle of convergence; 6) the principle of glocalization. It is proved that the defined set of basic principles for the implementation of transformation processes in the post-war period on an innovative basis determines the following main goals: 1) economic recovery and strengthening of economic self-sufficiency; 2) strengthening of the country’s defense capability and revival of the military-industrial complex; 3) building a welfare state; 4) clean environment. It is established that the main goals (goals of the first order) should be specified in the goals of the second order: territorial-sectoral, ecological-energetic, socio-demographic, and scientific-technical. It is substantiated that the determination of goal-setting for the innovative transformation of the post-war economy of Ukraine should fully take into account the regional specifics of production and infrastructure complex formation in order to ensure the most efficient use of the resource-production potential of territorial entities and the benefits and new opportunities resulting from the deepening of decentralization processes

The Independent Evaluation Group (IEG) assessed the effectiveness of Bank support for decentralization between fiscal 1990 and 2007 in 20 countries, seeking to inform the design and implementation of future support. Given the difficulties of measuring the results of decentralization, the evaluation used intermediate outcome indicators—such as strengthened legal and regulatory frameworks for intergovernmental relations, improved administrative capacity, and increased accountability of sub national governments and functionaries to higher levels of government and to citizens—to assess the results of Bank support in these 20 countries. To examine potential lessons at a sectoral level, the evaluation also assessed whether Bank support for decentralization improved intermediate outcomes for service delivery in the education sector in 6 of the 20 countries.

This article proposes an analysis of subnational entities based on the decentralization process, conceptualizing the impact of decentralized cooperation as a tool to rescue the competitiveness and efficiency of territories. In this sense, the article presents some reflections on the relocation of state power, incorporating existing asymmetries in a horizontal relationship with international, national, regional and local actors, and using multilateral tools that increase the direct channelling of resources without falling into the historical dependence on the national order. Thus, a theoretical discussion on territorial actors and their insertion in decentralized cooperation is addressed to analyze later decentralization from the perspective of the insertion of territorial entities in decentralized cooperation.

Leadership and Innovation in Subnational Government takes stock of promising innovations that began to appear in local government across the region of Latin America and the Caribbean during the 1990s. The purpose of this work—in contrast to many reports which document best practice—is to deepen our understanding of the genesis and evolution of change as local leaders cope with the challenges of governing in decentralized democracies. One of the most striking features exhibited by the cases in this volume is that local authorities have been change makers often without help from outside, from national or international agencies. The authors, Tim Campbell and Harald Fuhr, call these local enterprising risk takers an \"engine of change.\" Twenty specific cases of innovation have been documented in the study covering the core business areas of cities—finance, popular participation, service delivery, privatization, and personnel management. The book aims to show, in policy and practice, how to sustain this engine of change. One of the central messages of this work is that by supporting key steps in the process of innovation, donors can enjoy cost-effective impacts and help to achieve the next stages of reform in the region. But to do so, donors must focus on management and learning at the local level, building on the foundations of broad participation in public choice and working more actively to help local actors learn from each other.

There is increasing interest in fiscal decentralization in Peru as a mechanism to generate more involved decision-making at the subnational level. This is tempered with a continuing emphasis on overall fiscal stability. However, considerable work needs to be undertaken to define more clearly expenditure responsibilities and financing mechanisms that increase local accountability. In addition, a more transparent fiscal transfer system is needed, together with clarity in expenditure management at all levels of government. The paper suggests that a substantial work agenda is needed to extend the decentralization process with greater transparency.

'Decentralization and Local Democracy in the World' constitutes a global reference on decentralization by presenting the contemporary situation of local governments in all regions of the world. The report analyzes local authorities in each continent under three main themes: the evolution of territorial structures; responsibilities and power, management and finances; and local democracy. An additional chapter is dedicated to the governance of large metropolises, where rapid growth presents major challenges, in particular in the fast-developing countries of the South. This report also offers a comparative overview of the different realities concerning the state of decentralization, and how the basic indispensable mechansims for local democracy do, or do not exist in come countries. Relationships between the state and local authorities are evolving toward innovative forms of cooperation. In this context, the role of local authorities in the development of global policies is increasingly recognized. The first Global Observatory on Local Democracy and Decentralization (GOLD) Report is one of the main products of United Cities and Local Governments (UCLG). The GOLD Report is the first of what will be a triennial publication. UCLG represents and defends the interests of local governments on the world stage, regardless of the size of the communities they serve. Headquartered in Barcelona, the organization's stated mission is: To be the united voice and world advocate of democratic local self-government, promoting its values, objectives and interests, through cooperation between local governments, and within the wider international community.

The financial systems of the Latin America and the Caribbean region (LAC) are at a crucial juncture. After a history of recurrent instability and crisis (a trademark of the region), they now seem well poised for rapid expansion. Since the last wave of financial crises that swept through the region in the late 1990s and early 2000s, financial systems in LAC have continued to gain in soundness, depth, and diversity. The size of banking systems has increased, albeit from a low base; local currency bond markets have greatly developed, both in volumes and in reach over the yield curve; stock markets have expanded; and derivative markets particularly currency derivatives have grown and multiplied. Institutional investors have become more important relative to banks, making the financial system more complex and diversified. Importantly, much progress has been made in financial inclusion, particularly through the expansion of payments, savings, and credit services to lower income households and microenterprises. As evidence of their new soundness and resiliency, financial systems in the region, except in some Caribbean countries, weathered the recent global financial crisis remarkably well. The progress in financial development in LAC no doubt reflects substantial improvements in the enabling environment, lower macroeconomic volatility, more independent and better-anchored currencies, increased financial liberalization, lower currency mismatches and foreign debt exposures, enhanced effectiveness of regulation and supervision, and notable improvements in the underlying market infrastructures (for example, trading, payments, custody, clearing, and settlement). This regional flagship report aims at providing such a stocktaking and forward looking assessment of the region's financial development. Rather than going into detail about sector-specific issues, the report focuses on the main architectural issues, overall perspectives, and interconnections. The value added of the report thus hinges on its holistic view of the development process, its broad coverage of the financial services industry (not just banking), its emphasis on benchmarking, its systemic perspective, and its explicit effort to incorporate the lessons from the recent global financial crisis.

The purpose of this report is to provide diagnoses and policy recommendation in public expenditure management in Peru. The introductory chapter of the book provides a synthesis of Peru’s public expenditure reform agenda from the Bank’s perspective. Chapter II-IV examine the core functions of the public expenditure management. Chapters V-VIII explore selected themes such as the decentralization of public administration and the social sectors; civil service reform; governance and corruption; and mining and fiscal environmental issues.The report does not attempt to provide full coverage of all areas affected by public expenditure. The book deliberately focuses on social sectors spending and leaves aside infrastructure and other sectors that have been the subject for more specific sector studies in previous years.

The past decade has witnessed major shift thinking about water, including how water infrastructure development strategies can help advance sustainable development and the global fight against poverty. This reflects, in part, greater attention now being paid to governance reforms promoting integrated water resource management (IWRM), the efficient and wise use of water, and expanding access to water and energy services. In addition, the increased emphasis on developing and implementing anti-corruption strategies increases confidence that water infrastructure can be developed efficiently and equitably. There is also growing appreciation of the strong linkages between water, environment and energy security and climate change - impacting on decisions about the development and management of water infrastructure, especially in water-stressed regions, and of the central role that public, private sector and civil society partnerships can play in encouraging innovation, tackling challenges, promoting transparency and accountability and creating synergy. Communication is the thread that links these concerns and underpins achievements in sustainability and governance reform in water. Not only to ensure that up-front strategic assessments mobilize all viable options to meet the challenges unique to each situation, but also to better integrate governance and anti-corruption reforms and sustainability into all stages of planning and the project cycle of infrastructure. Wider acceptance of multi-stakeholder dialogue is a trend which characterizes beneficial change. This LHWP is notable for its progressive learning approach as it moved through its implementation phases and is an example of the shift s that are occurring globally in approaches to dam planning and management as they have become more inclusive. It is also a key example of the critical importance of political will in tackling corruption in a large water infrastructure project.