First published in 1961, this reissue is based upon the proceedings of a working party conference held at Exeter in September 1959 and deals with the experiences of older federations, the constraints of the traditional social order, the stark economic needs of the contemporary economic situation, and the political ambitions of the newly-independent countries.
1. Introduction 2. Political Implications of Federalism in New States 3. The Nature and Basis of Economic Growth 4. The Role of Fiscal and Monetary Policy 5. Intergovernmental Financial Revelations in New Federations 6. Epilogue