Product Description: This book establishes a theoretical framework that analyzes the enormous effects of fiscal deficits. It provides a comprehensive assessment and discusses the corresponding policy implications. The book is divided into four parts. Part I introduces the issues and discusses the academic and practical value of the topic...read more

Product Description: The authors of this work argue strongly that the decentralization that has taken place in China over the past two decades threatens to undermine the future of reform and perhaps even the state itself. They contend that reform has undermined state capacity in China, and that the state's fiscal revenues, as a percentage of GNP, have declined and will continue to decline into the foreseeable future, thereby weakening China's ability to mobilize resources for modernization...read more

Product Description: The authors of this work argue strongly that the decentralization that has taken place in China over the past two decades threatens to undermine the future of reform and perhaps even the state itself. They contend that reform has undermined state capacity in China, and that the state's fiscal revenues, as a percentage of GNP, have declined and will continue to decline into the foreseeable future, thereby weakening China's ability to mobilize resources for modernization...read more

Product Description: First Published in 1999. Routledge is an imprint of Taylor & Francis, an informa company.

Product Description: This book examines how China's decentralization process has affected and will affect the country's macroeconomic performance and the market function. With an innovative application of game theory, the author develops an analytical framework that can explain the behaviour of the central and local governments under alternative institutional environments...read more

Product Description: The People's Republic of China has experienced many economic reforms in the last decade, but further improvements to the fiscal system are needed. This book examines the existing reforms and suggests ways in which other reforms could be implemented.