The intergovernmental fiscal issue is highly relevant given the
worldwide movement toward more decentralized governance in both
industrial and developing countries. Over the course of five
decades Japan has developed a robust system of decentralized
governance. This book investigates fiscal decentralization and
local finance in Japan with a view to understanding how the process
of decentralization has unfolded there and what the rest of the
world can learn. The author sheds light on the drives leading up to
a need for decentralization reform over the last decade and
evaluates so-called 'Trinity Reform' implemented by the Koizumi
administration during 2004-2006. Finally, the book considers the
decentralization process in Asian developing countries and
discusses what lessons might be drawn from Japanese experiences.
This excellent study of an important subject area will be
particularly useful for all those studying intergovernmental fiscal
relations, public finance and public sector economics. It will also
be of interest to specialist international organizations and policy
makers who are involved in intergovernmental issues.
General
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