First Japan, and more recently the People's Republic of China, have pursued exportoriented growth strategies. While other Asian countries have done likewise, the cases of Japan and the People's Republic of China are of particular interest because their economies are so large and the size of the...

To analyze the role of the trade and payments regime in economic development the National Bureau of Economic Research undertook a major research project on this issue. In this article a brief report on some of the findings pertaining to the effect of exchange rates, i. e. devaluation under...

Though recent economic growth in India has increased productivity and living standards significantly, the need for more growth and more reform remains. Rapid growth of unskilled labor-intensive manufacturing combined with growth of productivity in agriculture is necessary to enable a more...