The industrial structure in Jiangsu Province realizes the transformation from ' secondary industry-primary industry-tertiary industry to " tertiary industry-secondary industry-primary industry. However, the effectiveness of this model of industry-dominate industrial structure and the role of...

We extend the Global Projection Model (GPM) to include a separate block for China. China plays an important role in shaping global economic outcomes, given its sheer size and trade integration with other key economies, its demand for commodities, and its policies. Also, the Chinese economy has...

As China becomes a global economic power, Latin American companies will need to adopt winning strategies to succeed in an increasingly competitive landscape. This paper explains the main implications that the shifting power equation will have on Latin America’s economies, analysing the myths...

China’s economic transformation cannot be fully explained by focusing on a single variable; rather, it is a result of multiple institutional factors. Since the introduction of market-oriented reforms in 1978, a combination of formal and informal institutional changes as well as top-down and...

China is undergoing its long-awaited industrial revolution. There is no shortage of commentary and opinion on this dramatic period, but few have attempted to provide a coherent, in-depth, politicaleconomic framework that explains the fundamental mechanisms behind China’s rapid...

The process of "redefining" capitalism or reinterpreting capitalism ideologies in a modern context can reveal the virtues of classical economics and the ways they can help solve contemporary global problems. In Redefining Capitalism in Global Economic Development, Kui-Wai Li helps us reconsider...

Prior to the early part of the 19th century, China’s economy had long been superior to that of the West’s. The Chinese’s ability to utilize science and technology had been instrumental in leading their enormous population to economic prosperity and for a while, superiority. During the 18th...

The People's Republic of China, commonly referred to as China, was formally established on October 1, 1949 under the rule of the Communist Party, and led by Mao Zedong. China, being one of the world's oldest civilizations, has a long and illustrious history that dates back well before 1949....

This paper considers two approaches to examining potential bias in China's CPI: (i) inferring true changes in cost of living from consumer behavior; and (ii) creating alternative price indices to compare with official indices. For (i), our semi-parametric estimates agree with the recent finding...