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   <subfield code="a">International perspective for a sound intergovernmental finance system in the Philippines</subfield>
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   <subfield code="a">pages 149-178</subfield>
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   <subfield code="a">Title was 'Philippine Review of Business and Economics' until 1979. Title changed to 'Philippine Review of Economics and Business' from 1980-2000, and again changed to 'Philippine Review of Economics' since 2001.</subfield>
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   <subfield code="a">Includes bibliographical references (pages 172-174)</subfield>
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   <subfield code="a">This paper describes briefly the different forms of equalization, principally focusing on the distinction between revenue equalization versus cost equalization. In addition, some international country case studies from Australia, Canada, Germany, and Switzerland are presented. Based on these country cases, suggestions are made as to how the Philippines can avoid pitfalls in the area of fiscal federalism and what lessons it can learn from other countries for the next 20 years. This will enable readers to decide how common or unique the Philippine experience is, and what achievements and failures can be observed in the Philippines in comparison with other developing countries.</subfield>
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   <subfield code="t">The Philippine Review of Economics</subfield>
   <subfield code="g">Vol. 49, no.1 (June 2012), p. 149-178.</subfield>
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