The paper reviews and draws lessons from the experience of fast growing economies including a sub-set of these termed High Growth Economies (HGEs) with a decadal rate of over 7 per cent. It then reviews the history of the Indian growth acceleration following the reforms of the 1990s and its...

Revenue reforms can contribute to more inclusive, green, and sustainable growth in China. Relative to OECD economies, fiscal policy in China is less redistributive. Options for promoting more inclusive growth include improving the progressivity of labor taxes (individual income tax and social...

Chapter 1 Taking the New Normal as New Challenges -- Chapter 2 Understanding and Adapting to the New Normal -- Chapter 3 The Upcoming New Normal -- Chapter 4 The Prospect of Global Economy under the New Normal -- Chapter 5 The New Normal of Chinese Economy and Global Competition Reform --...

1. Introduction -- 2. Current Debates and Theoretical Arguments -- 3. Characteristics of Korean Economic Growth -- 4. The Traditional Korean Political Economic Model -- 5. Change and Continuity of the Korean Developmental Model -- 6. Politics of Evolution -- 7. Conclusion.

1. The Source and Evolution of Growth -- 2. Modern Growth Theory Arguments -- 3. Growth Prototypes and Economic Policy -- 4. Economic Policy Formation and Decision Making -- 5. The Determinants of Economic Policy Formation -- 6. Targets, Instruments and Policy Implementation -- 7. Institutional...

1. Introduction -- 2. Theory and Policy -- 3. The Greek Economy as a Member of the Eurozone -- 4. The Political Economy of Integrated Growth and Development in the Greek Economy -- 5. The Greek Economy in the World -- 6. The Great Macro-Social Trends -- 7. The Great Macroeconomic Trends -- 8....

This book aims to explain the secret to China’s rapid growth over the last 40 years from the viewpoint of a firsthand witness. Zheng Xinli was enrolled as a graduate student of economics 40 years ago, at a time when very few Chinese people could enroll in higher-level education, let alone...

Part I Macroeconomic Policy, Growth and Poverty -- 1. Macroeconomic Policy, Economic Growth and Poverty Reduction in Bangladesh: An Overview -- 2. Inflation and Household Welfare: Evidence from Bangladesh -- 3. Labor Market Dynamics, Inflation and Wage Adjustments in Bangladesh -- 4. Impact of...

This study aims to identify policies that influence the development of financial institutions as measured across three dimensions: depth, efficiency, and stability. Applying the concept of the financial possibility frontier, developed by Beck & Feyen (2013) and formalized by Barajas et al...

This paper explores how monetary policy affects the real economy and its efficacy in promoting financial stability in a large low income country. This paper shows that monetary policy modestly impacts real economic activity and inflation via the bank lending and financial accelerator channels....