The world economy is near a critical crossroads, as a rising China, the greatest-ever beneficiary of US-led capitalism, dreams to replace America's supremacy as a new hegemonic power with a non-liberal world order. This third volume of the trilogy on reformulating the 'flying-geese' theory...

1. At the crossroads of long-term development -- 2. The development of a dual economy -- 3. The lewis turning point -- 4. The demographic dividend -- 5. Growing old before getting rich -- 6. The risk of a middle income trap -- 7. The new engine of economic growth -- 8. Macroeconomic policies in...

1. Introduction, themes and structure of the book -- 2. Foundations for growth -- 3. The growth experience -- 4. Structural change -- 5. Monetary, financial and fiscal aspects -- 6. Development indicators and welfare -- 7. Trade, trade policy and growth -- 8. International finance and growth --...

The book explores the implications of both the extension of the market into key parts of the Chinese economy and the integration of China into the global economy. The main focus of the book is on the role and nature of China's financial system and its ability to transform enterprise and...

Recent acceleration of the Indian economic growth rate from 6 to 8 per cent has sparked worldwide speculation that India is about to catch up with China and become another Asian miracle economy. Economic Reform in China and India examines this prospect, reviewing the development strategies...