Having generated not only growth performance, but also serious imbalances that make it unsustainable in the future, “the Chinese model” has entered into a complex and profound adjustment process, designed to restore its vitality and sustainability, so that the Chinese economy doesn’t...

Cluster policy has become a method of choice for policymakers in many countries. Promoting strong localized industries is an appealing perspective for practitioners, as it can be seen as a way to anchor economic activity in regions in an era of globalization. If cluster policy is successful, it...

Rosenstein-Rodan (1943) and others posit that rapid development requires a 'big push' -- the coordinated rapid growth of diverse complementary industries, and suggests a role for government in providing such coordination. We argue that Japan's zaibatsu, or pyramidal business groups, provided...

Since the mid-2000s, the center of gravity of China's economic growth has shifted from the coastline to the inland and the gap in GDP per capita between the two areas has narrowed. This macroeconomic catch-up reflects, with a time lag, the convergence process which has been at work in...

Since the early phase of the country modernization, the center of gravity of China’s economy has been alternately located in the coastal area (Blue China) and in inland area (Yellow China). Such a shift is now taking place in China’s economic geography: the interior regions are catching up...

The current trend of rising inequalities in industrial development between East and West China has resulted from a combination of nature and nurture. Given the natural tendency for firms to agglomerate in a developing, market economy, and the numerous geographical and historical factors that...