Fiscal Theory and Practice in China: Insights from the 8th Edition of Public Finance190
The 8th edition of Public Finance, published by China's leading academic publisher Peking University Press, presents a comprehensive analysis of fiscal theory and practice in China. The book explores the latest developments in fiscal policy and administration, offering valuable insights for scholars, policymakers, and practitioners.
The book is divided into three main parts. Part I provides a theoretical foundation for fiscal policy, covering topics such as the role of government in the economy, the principles of taxation and public expenditure, and the fiscal instruments at the disposal of governments. Part II examines the fiscal system in China, with a focus on the structure of taxation and public expenditure, as well as the legal framework governing fiscal operations. Part III discusses the challenges and prospects for fiscal policy in China, including issues such as fiscal sustainability, tax reform, and the role of fiscal policy in promoting economic growth and social development.
One of the key themes that emerges from the book is the growing importance of fiscal policy in China. As the country's economy has grown and matured, the government has increasingly relied on fiscal policy to manage economic fluctuations, promote social equity, and achieve its broader policy goals. The book documents the significant expansion of the fiscal sector in China over the past few decades, with government spending and revenues as a share of GDP both reaching record highs.
Another important theme discussed in the book is the need for fiscal reform in China. The country's fiscal system is facing a number of challenges, including rising fiscal deficits, an inefficient tax system, and a lack of transparency and accountability in public expenditure. The book argues that fiscal reform is essential to ensure the long-term sustainability of China's fiscal system and to meet the challenges of a rapidly changing economy.
The 8th edition of Public Finance is an invaluable resource for anyone seeking to understand fiscal theory and practice in China. The book provides a comprehensive overview of the latest developments in fiscal policy and administration, and it offers valuable insights into the challenges and prospects for fiscal policy in China. The book is a must-read for scholars, policymakers, and practitioners working in the field of public finance in China.
Key Features of the 8th Edition of Public Finance* Comprehensive coverage of fiscal theory and practice in China
* Up-to-date analysis of the latest developments in fiscal policy and administration
* In-depth discussion of the challenges and prospects for fiscal policy in China
* Written by leading experts in the field of public finance in China
2024-10-21
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