25 years of reform have transformed China from a centrally planned and closed system to a predominantly market-driven and open economy. China is emerging as the new powerhouse for the world economy. This book discusses the impact and significance of this transformation, presenting conclusions...

This book analyzes the dynamic macroeconomic effects of public capital in industrialized countries. The issue of whether public capital is productive has received a great deal of recent attention. Yet, existing empirical analyses have been limited to a small set of countries. This book presents...

1. Emerging Risks: An Overview; Thomas Walker, Dieter Gramlich, Kalima Vico, and Adele Dumont-Bergeron -- Part I. Ecological Risks -- 2. Climate Change: Macroeconomic Impact and Implications for Monetary Policy; Sandra Batten, Rhiannon Sowerbutts, and Misa Tanaka -- 3. Global Warming and Extreme...

1. Introduction : catch-up -- 2. Export-oriented growth : positive aspects -- 3. Institutionalizing an export-oriented regime -- 4. Trade pattern in the early phase of catch-up -- 5. The engine of catch-up : big conglomerates -- 6. Growth and equity -- 7. Experiences of East Asian NICs -- 8. The...

This book creates a common framework for not only identifying but discussing the key factors in establishing a strong global market and financial system and is a valuable reference for those interested in an in-depth understanding of the financial markets and global finance.