Paths Toward the Modern Fiscal State

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Paths Toward the Modern Fiscal State

He, Wenkai

2013, 2013-04-04, 2013-03-31

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Wenkai He shows why England and Japan, facing crises in public finance, developed the tools and institutions of a modern fiscal state, while China, facing similar circumstances, did not. He's explanation for China's failure at a critical moment illuminates one of the most important but least understood transformations of the modern world.

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