New development: Where there's a will, there's a way—acting beyond cutbacks

Abstract

A sustainable solution to the recent financial crisis requires a sea-change in governments' thinking, rather than just cutting expenses. Governments need to re-examine the managerial and cultural factors that lie beyond the crisis: the way budgets are prepared, the (lack of) strategic management, the limited room left for innovation, and excessive reliance on public entities for the solution of social problems.

Keywords:

• Cutback management
• financial sustainability
• incremental budgeting
• innovation
• participation