China’s economic reforms have resulted in spectacular growth and poverty reduction. However, China’s institutions look ill-suited to achieve such a result, and they indeed suffer from serious shortcomings. To solve "China puzzle" this paper analyses China’s institution - a regionally...

This article adopts the point of view that China’s development policies can only be appreciated if they are considered by applying perspectives from institutional economics. This requires attention to be given to the historical, political and cultural context in which its economic development...

Outlines how Clem Tisdell came to discover tourism economics and charts the basic route that he followed in developing that interest. This article is developed by first considering his early years (1939 to 1960), that is the period prior to his commencement of postgraduate studies at the...

General background is provided on the potential of tourism growth to contribute to economic development, paying particular attention to the experience of Sri Lanka. An overview of trends in inbound tourism to Sri Lanka is presented with particular consideration being given to its number of...

Our paper is an attempt to define the contours of the right macroeconomic strategy for China. In a nutshell, we believe that the package includes a decrease in saving, with a focus on private saving, an increase in the supply of services, in particular health services, and an appreciation of the...

Taking into account Kuznet’s hypothesis, considers the general relationship between the evolution and extension of market systems and the incidence of poverty and economic inequality. It suggests that a re-evaluation of the Kuznet’s curve is needed because income inequality has been rising...

China has experienced outstanding economic growth in recent decades, but not without environmental problems and costs. Environmental costs have included increased air and water pollution, loss of natural vegetation cover and deforestation, soil erosion and a decline in the fertility of the soil...

After economic globalisation is defined, the factors that have favoured it in recent times are outlined and the process is placed in a historical context. Measures of the recent expansion in economic globalisation are given, such as trends in the proportion of global GDP traded internationally,...

Recent trends in the growth of cities particularly in developing countries (and especially in India and China) are identified. Beneficial and negative sharing mechanisms influencing the growth of cities are examined. Economic benefits of agglomeration arise not so much from the type of economic...

This article provides an overview of beneficial sharing mechanisms that stimulate the growth of cities and negative sharing mechanisms and spillovers which retard their growth. The economic benefits and drawbacks of a city location are considered for businesses, employees and consumers. It is...