Based on the variable rate of gross domestic product per capita growth and its sources, this paper first identifies five phases of economic development that are common to China, Japan, and Korea: M (Malthusian), G (government-led), K (à la Kuznets), H (human capital based) and PD (post...

Based on the variable rate of GDP per capita growth and its sources, this paper first identifies five phases of economic development that are common to China, Japan and South Korean: M (Malthusian), G (government-led), K (a la Kuznets), H (human capital based) and PD (post...

China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...

Foreign influence on South China increasingly disrupted the economy from the late eighteenth century. Many scholars believe the standard of living fell, while others point to positive gains from increased integration with the world economy. The paper estimates the secular trend in the average...

The September 11 terrorist attacks ignited global interest in the Middle East. Observers in the region and abroad were quick to highlight the development "deficits" in Middle Eastern countries which have been linked to everything from structural economic imbalances to deficient political...

We study the implications of two historical institutions, direct British rule, and the heterogeneous land tenure institutions implemented by the British, on disparity in present day development using district level data from India. Using nightlights per capita as a proxy for district level per...

We study the implications of two historical institutions, direct British rule, and the heterogeneous land tenure institutions implemented by the British, on disparity in present day development using district level data from India. Using nightlights per capita as a proxy for district level per...

This paper considers the contribution of the developmental state literature to comparative historical analysis, with a particular emphasis on methodological issues: the role of single and comparative case studies, counter-factual analysis, the nature of historical explanation and the...

Large private enterprises in the ASEAN-5 economies have been, and remain, dominated by firms that share four common characteristics: (1) their ownership and control are concentrated among a handful of prominent business families; (2) most of these families have Chinese origins; (3) each family...

Afghanistan's economic problems are often assumed to stem solely from the internal warfare that began in 1978. Is this assumption correct? I consider this question by comparing Afghanistan from 1961 to 2006 with Pakistan (a neighboring country with a similarly low level of development in the...