000 01914nam a22001577a 4500
999 _c517714
_d517714
008 210727b ||||| |||| 00| 0 eng d
100 _aPark, Sungho and Maher, Craig S.
_928007
245 _aGovernment financial management and the Coronavirus pandemic: A comparative look at South Korea and the united states
260 _aAmerican Review of Public Administration
300 _a50(6-7), Aug-Oct, 2020: p.590-597
520 _aThe novel coronavirus (COVID-19) is an infectious respiratory illness afflicting people to a degree not seen since the flu pandemic of 1968 when approximately one million lives were lost worldwide. What makes COVID-19 distinct is the rate at which it spread throughout the world, stress-testing health care systems and stymieing global economies. To confront this unprecedented crisis, nearly every country has been developing a wide range of policy responses, including fiscal measures. This study aims to discuss government fiscal responses to the pandemic from a financial management perspective. The core question is, “How does each country’s financial management system support its fiscal responses to the crisis?” We are particularly interested in reexamining commonly accepted norms about fiscal federalism and the fiscal condition of national and local governments heading into this pandemic. This study takes a comparative approach to the question, focusing on South Korea and the United States. Our findings suggest that the ability to respond to this pandemic in a comprehensive and effective manner is challenged by each nation’s financial management system that generates variation in policy coordination and responsiveness. – Reproduced
650 _aCOVID-19, Government financial management, Fiscal federalism, South Korea, United States
_925732
773 _aAmerican Review of Public Administration
906 _aFINANCIAL MANAGEMENT
942 _cAR