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This paper extends the North, Wallis, and Weingast (2009) framework for understanding the problems of development. Our approach distinguishes two development problems that are normally conflated. Most approaches to development focus on the second problem, namely, the transition of societies from...
Persistent link: https://www.econbiz.de/10013016711
, with the initiation of the 'Strategic Emerging Industries' program. China's state-dominated banking system is seen as … corporate sector and GDP growth in China, (2) this relationship is non-linear in terms of Chinese regions and credit …
Persistent link: https://www.econbiz.de/10014329440
, with the initiation of the 'Strategic Emerging Industries' program. China's state-dominated banking system is seen as … corporate sector and GDP growth in China, (2) this relationship is non-linear in terms of Chinese regions and credit …
Persistent link: https://www.econbiz.de/10014327490
manufacturing sector of China and India. We first provide a comparison between India and China using a broad international … perspective. We find that China has increased its labor productivity to a level above that of India, but due to a somewhat higher … compensation level, China is still somewhat at a disadvantage in terms of unit labor cost in manufacturing relative to India. In …
Persistent link: https://www.econbiz.de/10003781188
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced …
Persistent link: https://www.econbiz.de/10010231008
Korea's experience implies that the People's Republic of China's potential growth rates are likely to slow in the coming … People's Republic of China needs to upgrade its institutional quality and improve productivity, particularly in its services …
Persistent link: https://www.econbiz.de/10011471510
versus China, in assessing the detail of the contribution of sectoral mean and inequality evolution to overall inequality …
Persistent link: https://www.econbiz.de/10011631507
In this paper, we analyse the relationship between China's structural transformation and the inclusiveness of its … economic growth. China's economy has undergone significant structural changes since it initiated the economic reforms in 1978 … its great success in poverty reduction, China has witnessed rapidly increasing income inequality which only began to …
Persistent link: https://www.econbiz.de/10012181039
The rapid growth of China and, more recently, of India, is having major effects on every facet of the global economy …. The supply of labor-intensive manufactured exports (from China in particular) has been accompanied by a huge expansion in …
Persistent link: https://www.econbiz.de/10014216172
China's emergence has raised pointed questions about the future of manufacturing in Latin America. This paper looks at …, productivity, scale and the government's role, all work together to make China a formidable competitor. The importance of this …
Persistent link: https://www.econbiz.de/10014052638