Ｆｉｓｃａｌ Ｐｏｌｉｃｉｅｓ Ａｍｉｄ ｔｈｅ Ｇｌｏｂａｌ Ｄｏｗｎｔｕｒｎ

In the time when the role of the market is strongly emphasized， most people trust the capability of market mecha-nisms to allocate resources. Today，market liberalization has become the mainstream of trend and a lot of people seem to oppose the excessive government intervention. Many States are benefiting from the economic globalization， and this makes some people feel that the govern-ment and its related agencies are losing their force and influence.