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Includes bibliographical references and index.

Macro federalism: an introduction with principal reference to the Canadian experience / Thomas J. Courchene -- Globalization, the information revolution, and emerging imperatives for rethinking fiscal federalism / Anwar Shah -- Federalism and macroeconomic performance / Anwar Shah -- Regional income disparities and covergence: measurement and policy impact evolution / Raja Shankar and Anwar Shah -- Harmonizing taxation of interstate trade under a sub-national VAT: lessons from international experience / Mahesh C. Purohit -- Subnational borrowing, insolvency and regulation / Lili Liu and Michael Waibel -- A local perspective on fiscal federalism: practices, experiences, and lessons from industrial countries / Melville L. McMillan -- Decentralized governance in developing and transition countires: a comparative review / Sebastian Eckardt and Anwar Shah.

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