Fiscal crisis and fiscal reform in developing countries
探讨发展中国家在应对宏观经济不稳定时，如何平衡传统稳定政策与经济自由化措施，并解决财政赤字、公共服务供给及税收不足等问题。
In recent years, policy-makers in developing countries have responded to crisis of macroeconomic instability with two sets of measures: conventional stabilisation policies and policies of economic liberalisation. The fiscal implications of this double agenda are set out, following three lines of enquiry. First, how can policies be kept consistent, when some liberalisation measures have large adverse fiscal consequences? Second, can a fiscal deficit be reduced without damaging the provision of public services vital for growth and poverty alleviation? Finally, since lack of tax revenue is usually the binding constraint on government intervention, how can this most easily be relaxed? Copyright 2000 by Oxford University Press.