This study is a comprehensive review of fiscal federalism in the
Russian Federation. It presents a strong case for greater
decentralization. By succinctly surveying the literature on fiscal
decentralization and clearly spelling out the main concepts, the
volume sets the stage for the subsequent description of the fiscal
system in Russia and its evolution through a succession of reforms
guided by a desire on the part of Russian policymakers to craft a
workable system of fiscal federalism. The authors not only describe
the state of fiscal federalism in Russia at its key turning points,
but they also provide insightful critical assessments of the
reforms introduced at each stage. The book is rich with examples,
which makes it an easy and exciting reading. The book's analysis of
the history gives perspective to the authors' assessment of the
current state of Russia's federalism. The authors make a strong
case for greater decentralization in Russia based not only on the
traditional economic benefits of fiscal federalism but also on the
political benefits from local government competition. The richness
of detail and the careful tracing of the reforms over the past
nearly two decades also mean that this study will be an invaluable
guide to both current observers with academic and policy interest
in the recent fiscal federalism reforms as well as Russia's fiscal
evolution since the early 1990s and its current fiscal challenges.
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