The world economy is near a critical crossroads, as a rising China, the greatest-ever beneficiary of US-led capitalism, dreams to replace America's supremacy as a new hegemonic power with a non-liberal world order. This third volume of the trilogy on reformulating the 'flying-geese' theory...

When any resource-scarce country reaches a stage of growth where resource-intensive heavy industry becomes a leading growth sector (and lifestyles turn increasingly energyconsuming), it is compelled to seek out resources overseas by making investments in project-specific infrastructure (and even...

A number of studies have recently explored China’s growing - yet still nascent - manufacturing investments in sub-Saharan Africa, which the World Bank hopes to see further expanded so as to ignite industrialization. These studies have looked mainly at the Africa-side situation (i.e., what is...

In its quest for oil and minerals, China has developed increasingly close economic relations with Africa through investment and aid. The World Bank recently called upon China to transplant labor-intensive factories onto the continent. This raises the question of whether such an industrial...