With all that is at stake in reforming the government of the nation’s largest state, with responsibility for the welfare of 38 million Californians, we know very little about how to make a constitutional convention work. How large should the convention be? Should delegates be elected or...

Fourteen years after the demise of the last serious attempt to revise California’s much maligned Constitution, the effort has been renewed again. California Forward, a foundation funded bipartisan coalition, has proposed a slate of structural reforms that could be adopted as either legislative...

Purpose – World Trade Organization (WTO) accession marked a new beginning for China's economic, legal and institutional reforms and rapid integration with the rest of the world. The purpose of this paper is to review China's post‐WTO transition experience, synthesize and update studies on...

Purpose – The purpose of this paper is to review the importance of mass shared beliefs in shaping economies, markets, nations, and business strategies. Design/methodology/approach – The paper takes the form of an opinion column. Findings – The paper reveals that it is important to factor...

Purpose – The purpose of this paper is to measure the contribution of capital formation, labor, and technological progress to the growth of the Vietnamese economy, the impact of economic reforms ( doi moi ) since the end of 1986, and the rates of returns to capital and labor....

Purpose – The purpose of this paper is to analyse regulatory reform in the wake of the financial crisis of 2007‐2008. Design/methodology/approach – The paper proposes a framework for regulatory reform that begins with the observation that financial manias and panics cannot be legislated...

Purpose – The purpose of this paper is to provide an overview of the major provisions of the Dodd‐Frank Wall Street Reform and Consumer Protection Act passed by the US Congress and signed into law by President Obama on July 21, 2010. Design/methodology/approach – This does not offer any...

Purpose – The purpose of this paper is to evaluate recent financial system reforms in the USA by placing them in the context of major structural trends currently underway in the markets, due to technology and globalization of trading. Design/methodology/approach – The paper describes trends...

Purpose – The purpose of this paper is to study the efficiency of capital allocation, across levels of ownership, in the aftermath of pro‐market reforms in India. Design/methodology/approach – The paper measures investment efficiency using the accelerator principle and examines the effect...

Purpose – This paper aims to review the state-owned enterprise (SOE) reform in China and analyzes the role of the Chinese Government in the progress of the SOE reform. It provides suggestions to better guide the direction of further reforms of the SOEs in China. Design/methodology/approach –...