| Abstrakt: |
This article examines the contribution to the economic well being of cities made by policies that subsidize nonprofit international organizations (NIOs). The methods used entail a formal cost benefit analysis of Montreal International, a joint venture of the Canadian federal, the Quebec provincial, and the Montreal local governments. The case explores a wide set of theoretical and policy issues. Among those issues are the inability of: 1) economic impact statements to clarify the need for subsidies, 2) intangibles to justify subsidies, and 3) a subsidy policy to generate real growth. The article raises policy questions about the wisdom of subsidizing NIOs. [ABSTRACT FROM AUTHOR] |
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