The model required significant decentralization, and led to the "global name, local touch" idea.
这种模式需要进行重大的权力下放，从而产生了“世界品牌，当地特色”的理念。
Local government fiscal competition includes expenditure competition and tax competition, whose theoretical basis is fiscal decentralization theory.
地方财政竞争包括支出竞争和税收竞争，其理论基础是财政分权理论。
With the fiscal decentralization, local debt increasingly expands and debt defaults are not scarce in the world, some of which resulted in severe instability of macro-economy.
伴随着财政分权，世界范围内，地方公共债务的日渐膨胀以及拖欠或违约已不是个别现象，情况严重的甚至引发了一国宏观经济的不稳定。
On this basis, the paper sums up ten major principles on dealing with interrelation among local classified fiscal system through consulting the western Fiscal Decentralization theory.
在此基础上，通过借鉴西方财政分权理论的主要观点，归纳出处理地方分级财政体制间相互关系的十大原则。
Fiscal decentralization and local investment and financing system do not perfect …
财政分权与地方投融资体制不完善是问题的制度根源。
Local protectionism further undermines and even reverses benefits from decentralization compared with centralized national monopoly.
而地方保护主义会削弱甚至逆转地区竞争相对于国家垄断的效率优势。
Local protectionism further undermines and even reverses benefits from decentralization compared with centralized national monopoly.
而地方保护主义会削弱甚至逆转地区竞争相对于国家垄断的效率优势。
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