Growth Strategies and Dynamics
Insights from country experiences
Mohamed A. El-Erian & A. Michael Spence
Volume 9, Number 1, 2008, pages 57 - 96
The paper examines the challenges that developing countries face in accelerating and sustaining growth. The cases of China and India are examined to illustrate a more general phenomenon which might be called model uncertainty. As a developing economy grows, its market and regulatory institutions cha ... Read more
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A Dynamic Theory of China–U.S. Trade
Making sense of the imbalances
Amar Bhidé & Edmund Phelps
Volume 8, Number 3, 2007, pages 7 - 25
China's trade surplus with the U.S. is now more than a quarter of the U.S. trade deficit and, with China growing faster than the U.S., raises questions about its future course. Some media commentators term the chronic trade surplus "mercantilist" but offer no persuasive motive for it. Academics taki ... Read more
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Does China Still Need Hong Kong?
Friedrich Wu
Volume 8, Number 2, 2007, pages 271 - 275
As the Hong Kong Special Administrative Region reaches the 10th anniversary of the territory’s reunion with its sovereign in China this year, it faces several looming competitive challenges from its ambitious and aggressive “sister” cities on the mainland. Going forward, without a credible counter-m ... Read more
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Can China Learn from Sweden?
Arne Bigsten
Volume 8, Number 2, 2007, pages 17 - 40
China is undergoing a very rapid process of structural and institutional transformation, which has led to dramatic increases in income levels. During this process, the country is facing a series of development challenges that need to be dealt with in order to sustain growth. The question posed in th ... Read more
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What Could Brake China’s Rapid Ascent in the World Economy?
Friedrich Wu
Volume 7, Number 3, 2006, pages 63 - 87
There has been much hype about China’s rapid ascent in the world economy. For instance, economists from Goldman Sachs and the OECD have predicted that the Chinese economy will overtake the Japanese and the US economies well before the mid–21st century. However, these optimistic, straight-line projec ... Read more
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Understanding China’s Economic Transformation
Are there lessons here for the developing world?
Daniel W. Bromley & Yang Yao
Volume 7, Number 2, 2006, pages 73 - 95
Economic change is a process of continual adjustment to new circumstances. Economies are always in the process of becoming. Good economic policy entails pragmatic adjustment so that economic dystrophy is avoided. The experience of economic (institutional) reform in China since 1978 is drawn on—and e ... Read more
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Corporate China Goes Global
Friedrich Wu
Volume 6, Number 4, 2005, pages 171 - 181
Recent high-profile international acquisitions and take-over bids by Chinese companies have attracted much media limelight and raised intense interest in China’s rising outward foreign direct investment (FDI). This paper delineates the macro trends of China’s outward FDI based on the most currently ... Read more
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Trade in the Chinese 21st Century
Howard Davies
Volume 6, Number 1, 2005, pages 1 - 13
In this article Sir Howard Davies, Director of the London School of Economics
and Political Science, offers some thoughts, first, on the political framework
within which trade policy is determined, then about the way in which the
globalization debate has developed, and finally some suggestions on ... Read more
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The Quest for Development
What role does history play?
Areendam Chanda & Louis Putterman
Volume 5, Number 2, 2004, pages 1 - 31
It may be no coincidence that those countries that grew most rapidly in the late
twentieth century—including South Korea, China, and, of late, India—were
relatively developed civilizations when Western Europe began its overseas
expansion five centuries ago. In this article the authors explore the ... Read more
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China’s Capital Market
Better than a casino
Stephen Green
Volume 4, Number 4, 2003, pages 37 - 54
Throughout the 1990s, China’s stock market was developed as a tool of industrial
policy. It was used to supply capital to state-owned enterprises (SOEs) that
remained controlled by the state and whose performance usually declined after
listing. Secondary market trading was poorly regulated, again ... Read more
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Continuities and Discontinuities in Global Development
Lessons from new East/West comparisons
Kenneth Pomeranz
Volume 3, Number 4, 2002, pages 73 - 86
Much literature normalises a ‘North Atlantic’ pattern of development, and sees a
regionally specific ‘East Asian’ path emerging relatively recently. However,
development patterns in core regions of Europe and East Asia were surprisingly
similar until almost 1800; Europe’s subsequent divergence wa ... Read more
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Why Did the Protected Areas Fail the Giant Panda?
The economics of conserving endangered species in developing countries
Timothy M. Swanson & Andreas Kontoleon
Volume 1, Number 4, 2000, pages 135 - 148
Most biodiversity lies within the developing world, and much of it is under threat because of forces for change within these countries. In order to be effective, biodiversity conservation must be viewed as a development opportunity, rather than as a constraint on development. This implies manageme ... Read more
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