Interest in the possible emergence of an East Asian trading bloc is certainly warranted. However, in the absence of any well-developed theory of regional bloc formation, most economists have studied the question by examining aggregate trade statistics. We argue that these studies provide only a...

China's Township and Village Enterprises (TVEs) have performed remarkably well during the post-1979 period. However, agreement on their organizational and behavioral characteristics and the reasons for their success remains elusive. For some, TVEs are simply private enterprises in disguise and...

This paper investigates the effects of the reforms in China's financial sector on enterprise performance. Particular attention is paid to the effect of the increased role played by banks as a result of the major reorganization of the banking system which occurred in 1984. It is argued that,...