Describes the experiences of Australia, New Zealand, Pakistan, Thailand, and the Philippines in promoting economic development and maintaining monetary stability. Deals with Australia's federal-state relationship, public finance, and monetary policy. Reports on New Zealand's economic policy, 1959-1960 Financial plan, 1958-1959 budget, and policies applied to eras of war, depression, recovery, and prosperity. Covers Pakistan's economy, 1959-1960 expenditure program, and development policies. Deals with Thailand's developmental policies and describes the Philippines economic problems, fiscal planning, government expenditures, and tax policy. [TAIC]