China is undergoing its long-awaited industrial revolution. There is no shortage of commentary and opinion on this … fundamental mechanisms behind China's rapid industrialization. This article reviews the New Stage Theory of economic development …, despite sharp differences in political and institutional conditions. One of the key conclusions exemplified by China …

The Belt and Road initiative, recently embarked on by China, aims to improve cross-border infrastructure in order to … reduce transportation costs across a massive geographical area between China and Europe. The authors estimate how much trade … true for eastern Europe and Central Asia and, to a lesser extent, south-east Asia. In contrast, if China were to seek to …