Institute for Social and Economic Change

Established in 1972 by Professor V K R V Rao, ISEC is an All-India Institute for Interdisciplinary Research and Training in the Social Sciences

Challenges of Fiscal Decentralization in Developing and Transitional Economies – An Asian Perspective – isec

Challenges of Fiscal Decentralization in Developing and Transitional Economies – An Asian Perspective

Abstract

The paper analyzes fiscal decentralization trends in three large Asian developing countries making a transition from plan to market economy. The analysis helps to identify the emerging challenges in achieving fiscal decentralization. The challenges arise from transition to market, and replacement of command and control systems with market- based policies, instruments and institutions. The approach to meet the challenges has to be holistic and should encompass all levels of government.

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