Within the New Consensus Macroeconomics, monetary policy is upgraded while fiscal policy is downgraded. This new monetary policy has been the main instrument of policy under the guise of inflation targeting, an approach pursued by a number of central banks worldwide. This book raises problems...

This book explores what happened in the transition economies of China, Vietnam and Myanmar from both macro and micro perspectives, and questions whether the governments of these countries are capable of implementing effective reform and transformation

Since the economic crisis of 1997, there have been significant social policy reforms in East Asia. Using the concept of the developmental welfare state, this book seeks to answer whether the welfare reforms in East Asia have extended social rights while maintaining its developmental credentials....