VAT reform constituted the most important tax policy action China took during the global financial crisis in 2008-9. If … China had had a more typical tax structure, this specific policy instrument (as well as certain others) would not have been … available. Conversely, because of the idiosyncrasies of China’s current tax structure, some of the policy measures commonly …

Why are there so many crises in the world? Is it true that the global system is today riskier and more dangerous than … between the U.S. and China, and the European sovereign debt crisis illustrates how the complexity and tight coupling of system …

As trade flows expanded and trade agreements proliferated after World War II, governments-most notably the United …