China, the United States, and India, decided on a more gradual phasing out extending beyond 2030. This paper estimates the … welfare loss of about 1.5 percent. Some of the major emitters, such as China and India, will experience minimal impacts to …

, selective adaptation, and industrial upgrading. This paper attempts to distill lessons from China's reform and opening up … process, and investigate the underlying reasons behind China's success in trade expansion and economic growth. From its … beginnings with home-grown and second-best institutions, China has embarked on a long journey of reform, experimentation, and …