Browse by title

You are looking at 1 - 10 of 311 items :

  • Asian Development x
  • All accessible content x
Clear All
This content is available to you

Subhash C. Jain and Ben L. Kedia

This content is available to you

Subhash C. Jain and Ben L. Kedia

The introductory chapter outlines the purpose of the book. As India gained independence, it faced the problem of economic development as well as a number of social and political problems which had to be addressed right away. Overall, India in the last 70 years of its independence has done remarkably well although it failed to realize its full potential in economic growth. This book argues that with free market policies and strong leadership, India could advance economically, thus benefiting all sections of the society.

This content is available to you

Preface

Achieving Fiscal Sustainability

Edited by Naoyuki Yoshino and Peter J. Morgan

This content is available to you

Peter J. Morgan and Long Q. Trinh

Sustainable and inclusive growth in emerging Asian economies requires continued high levels of public sector investment in areas such as infrastructure, education, health, and social services. These responsibilities, especially with regard to infrastructure investment, need to be devolved increasingly to the regional government level. However, growth of sources of revenue and financing for local governments has not necessarily kept pace, forcing them, in some cases, to increase borrowing or cut spending below needed levels. This chapter reviews alternative models of the relationship between central and local governments, and provides an overview and assessment of different financing mechanisms for local governments, including tax revenues, central government transfers, bank loans, and bond issuance, with a focus on the context of emerging Asian economies. The chapter also reviews financing mechanisms for local governments and mechanisms for maintaining fiscal stability and sustainability at both the central and local government levels. Based upon the evidence on the decentralization process in Asia, it proposes some policy implications for improving central–local government relations and fiscal sustainability.

This content is available to you

Sabrina C.Y. Luk and Peter W. Preston

This content is available to you

Jacques Silber and Guanghua Wan

This content is available to you

Edited by Jacques Silber and Guanghua Wan

This content is available to you

Sabrina C.Y. Luk and Peter W. Preston

This content is available to you

Edited by Jacques Silber and Guanghua Wan

This content is available to you

Sabrina C.Y. Luk and Peter W. Preston