This second volume of essays in honour of Vito Tanzi focuses on the importance of fiscal policy on the wholesale economic reforms that are sweeping the advanced, less developed and formally communist countries. Issues analyzed include the role of fiscal and budgetary policies in the process of reform, the impact of privatization on the exchequer and the dilemmas for social policy in times of fiscal austerity. Also considered is the economic paradox of post-socialism and post-dirigisme, namely that an efficient and harmonic move to a decontrolled, liberal market economy involves active state...