Contents -- Acknowledgments -- Introduction -- I. Fiscal Systems in Developing and Developed Countries -- 1. Puzzling Tax Structures in Developing Countries: A Comparison of Two Alternative Explanations -- II. The Impact of Government Policy on Private Behavior -- 2. The Direct Substitution between Government and Private Consumption in East Asia -- 3. Measuring the Effectiveness of Fiscal Policy in Korea -- 4. Income Risk and the Benefits of Social Insurance: Evidence from Indonesia and the United States -- III. International Long-Run Sustainability Issues -- 5. Will China Eat Our Lunch or Take Us to Dinner? Simulating the Transition Paths of the United States, the European Union, Japan, and China -- 6. External Debt, Adjustment, and Growth -- IV. Sustainability: Country Issues -- 7. Australian Government Balance Sheet Management -- 8. Dealing with Contingent Liabilities: The Philippines -- 9. Reforming the Fiscal Management System in Korea -- 10. Population Aging, Fiscal Policies, and National Saving: Predictions for the Korean Economy -- 11. Sustainability, Debt Management, and Public Debt Policy in Japan -- 12. Policy Options for Financing Future Health and Long-Term Care Costs in Japan -- Contributors -- Author Index -- Subject Index.