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"While decentralization of education in DMCs has largely been driven by fiscal constraints, it has also been motivated … higher education. To varying degrees, DMCs have adopted some elements of decentralization in their education systems. These … schools, decentralization of school functions, and reforms to the incentive structure of schools and their teachers. However …
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Expanding trade with East Asia’s "Big Three" economic giants - the People's Republic of China (PRC), Japan, and the Republic of Korea - offers a new potential source of growth for ASEAN in the post-global-crisis period. In fact, ASEAN has been actively pursuing trade liberalization with the...
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Viet Nam has experienced spectacular economic growth over the past decade, in part the result of massive foreign direct investment (FDI) inflows. Although much has been written on the impacts of FDI in developing countries, previous studies have generally ignored macroeconomic consequences in...
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Fragility that periodically erupts into a full-blown financial crisis appears to be an integral feature of market-based financial systems in spite of the emergence of sophisticated risk management tools and regulatory systems. If anything, the increased frequency of modern crises underscores how...
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