Professor Leslie Young presented China and India in the World Economy at an ISCR seminar.

There has been no shortage of villains in the financial crisis which began in Asia and has now encompassed all major emerging markets: bankers regulators hedge funds and the IMF have all been excoriated for incompetence and immorality. This paper argues that the problems which have emerged from...

Arab and Chinese Sovereign Wealth Funds are recapitalizing international banks crippled by the subprime crisis. This reflects long-term changes in the international economy that are leading globalization to self-destruct. This seminar highlights the cultural and historical drivers and their...

After describing the major events in the regional financial crisis I shall link them to structural problems in Asian finance. These structural problems arise from institutional limitations grounded in the culture and political economy of East Asia. The "East Asian Model" of political economy was...

The contrasting histories cultures and institutional structures of China and the US have drawn them into an ironic partnership: each outsources the most embarrassing parts of its political economy to the other. One outcome is a massive shift of intellectual property trademarks and profits to...