The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has...

This forward-looking volume offers insights into the globalization of the Chinese economy and its accession to the WTO. The contributors provide updated accounts of recent developments in the Chinese economy and examines the implications of China's accession for the rest of the world