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Industrial policy is tainted with bad reputation among policymakers and academics and is often viewed as the road to perdition for developing economies. Yet the success of the Asian Miracles with industrial policy stands as an uncomfortable story that many ignore or claim it cannot be...
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Only a few European economies and Korea and Taiwan Province of China reached high-income status during 1970-2010. Malaysia’s real income per capita increased to 26 percent of the U.S. level in 2010 from 20 percent in 1970. Despite relatively strong growth and a substantial improvement in...
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We examine the impact of real exchange rate fluctuations on sectoral and regional employment in China from 1980 to 2008 …. In contrast to theoretical predictions, employment in both the tradable and non-tradable sectors contracts following a … with employment data at the region-sector level. The results of this paper have important implications for China''s labor …
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employment and reducing duality are likely to be considerable in the medium term …
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decline given population aging. This paper’s measure of the “employment gap” also suggests that labor market slack remains and … employment. In addition, given the continued downward pressure on the LFPR, labor supply measures will be an essential component …
Persistent link: https://www.econbiz.de/10014412024
A universal testing and isolation policy is the most viable way to vanquish a pandemic. Its implementation requires: (i) an epidemiological rather than clinical approach to testing, sacrificing accuracy for scalability, convenience and speed; and (ii) state intervention to ramp up production,...
Persistent link: https://www.econbiz.de/10012252486