This book examines how Japan should cope with fiscal challenges, as demands on the budget from an ageing society have necessitated the reigning in of public debt and the revamp of the pension and healthcare systems. It combines insights from academic research with the views of policymakers to...

A traditionally conservative country in financial matters, India enacted a series of reforms in response to its balance of payments crisis in the early 1990s. But since then only halting progress has been made, raising concerns about India’s rising fiscal deficit, inefficiencies in its...

The Benefits and Costs of Import Substitution in India was first published in 1975. In its basic economic plan, the government of India has fostered a policy of import substitution in virtually all industrial sectors. One industry in which the policy is followed is the automobile and ancillary...