Fiscal Decentralization in Asia Revisited
نویسنده
چکیده
There has been growing interest in fiscal decentralization in many developed and developing nations. There seem to be both (i) economic and (ii) political motives behind. Fiscal decentralization can be a way to cope with restructuring public sectors: it is expected to improving efficiency of public sector. Also, delegating power to a lower level government will make public policy more accountable and suitable to regional preferences as it is closer to people. It is, therefore, regarded as an institutional arrangement of promoting and ensuring democracy. Such a view is especially influential in transition economies. With these economic and political motives for decentralization, fiscal decentralization has been world wide phenomenon in the last few decades, while its extents and economic consequences differ substantially among nations.
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