Deng Xiaoping’s economic strategy is widely regarded as a complete anathema to Mao’s, but this study strongly argues that without the material foundations laid by Mao, it would have been very difficult for Deng to launch his reform and open-door policy. Deng basically shared Mao’s...

Based on a small, open-economy IS-LM prototype model, this paper examines the sources of macroeconomic instabilities in Hong Kong and Singapore operating under two different currency board arrangements. The empirical findings suggest that in general, both external and internal factors contribute...

China is particularly dependent upon her agricultural surplus for financing her ambitious industrialization programme, but the performance of the agricultural sector of the economy has been extremely unstable throughout the twentieth century. Professor Kueh provides a scholarly and authoritative...

This book brings together distinguished contributors to create an essential reference volume on the future of China in the 1990s. The editors and contributors identify the main trends in the economy, cover the important topics carefully and comprehensively, and provide thought-provoking analysis...