Economic vulnerability is approached from micro- and macroeconomic perspectives. While the microeconomic perspective is concerned with the impact of shocks on the well-being of individual households, the macroeconomic perspective focuses on the impact of these shocks on economic growth. This...

The article reviews the experiences of major countries in the Asian and Pacific region in taxing the output of the services sector and discusses the rationale for taxing services. The methods of taxing services and the special problems involved in extending indirect taxes on consumption of...