Abstract
The article by Remy Prud'homme in the August 1995 issue of the research observer presents his views on the dangers of decentralization from the viewpoints of redistribution, stabilization, and allocation (p. 201). The author found it quite appropriate that subnational governments should participate in redistribution, as done. The author suggests that subnational governments are best suited to perform some types of interregional redistribution. Some participation by subnational governments in stabilization policy is also sensible. Finally, the case for decentralization is fundamentally based on efficiency considerations, and the author sees no reason to accept the paradoxical proposition that central governments will be more efficient in providing such local services.
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