ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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No Panacea for all Federations

No Panacea for all Federations Federalism and Fiscal Adjustment by R J May; Oxford at the Clarendon Press, London; 1969; pp viii + 192; 55s. THE book under review emerges from a thesis for the degree of D Phil submitted to the University of Oxford by the author. The book is divided into two parts: part one consists of three chapters dealing with broad principles of, and issues involved in, a federal set-up. The topics discussed cover federalism as a political system, interdependence and the federal bargaining process, and the dynamics of inequality. Part two has six chapters covering principles governing the fiscal relationships between the federal and the federating units in 12 countries with a federal structure of administration. For the purpose of narration four countries Australia, Canada, United States and Switzerland are grouped together under the title 'The Classic Federations: Established Models', and other countries covering Germany, India, Malaya and Malaysia, Rhodesia and Nyasaland, Nigeria, French West Africa, West Indies, and Yugoslavia, are classified as The Newer Federations: Learning from Success and Failure'. Finally, the author sums up his approach to finance, inequality, and the stability of federal systems. The book contains a statistical index and also a general index of contents.

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