Chapter

Introduction

Takatoshi Ito and Andrew K. Rose

in Fiscal Policy and Management in East Asia

Published by University of Chicago Press

Published in print November 2007 | ISBN: 9780226386812
Published online February 2013 | e-ISBN: 9780226387062 | DOI: http://dx.doi.org/10.7208/chicago/9780226387062.003.0001
Introduction

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This book highlights the problems and challenges faced by East Asia's developing countries, as well as Japan and the United States, in managing fiscal policy. It explores taxation in developing countries, the relationship between public and private sector economic behavior, the direct substitution between government and private consumption in East Asia, the effectiveness of fiscal policy in Korea, income risk and the benefits of social insurance in Indonesia and the United States, and the transition paths of Japan, China, the United States, and the European Union. The book also discusses the link between external debts, economic growth, capital accumulation, and productivity. Moreover, it looks at balance sheet management in Australia, contingent liabilities in the Philippines, and the impact of population aging, fiscal policies, and national saving on the Korean economy. Finally, the book examines the Japanese experience regarding sustainability, debt management, and public debt policy, as well as policy options for financing future health and long-term care costs in Japan.

Keywords: fiscal policy; East Asia; private sector; debt management; external debts; Korea; Philippines; contingent liabilities; United States; social insurance

Chapter.  2168 words. 

Subjects: Business and Management

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