This paper investigates economic convergence in real income per capita between 27 European Union countries. We employ a non-linear latent factor framework to study transitional behavior among economies between 1970 and 2010. Our results offer important insights on the economic catch-up exhibited...

1. Introduction -- 2. Economics Policies, Paradigm Shifts and their Implications -- 3. Economic Development and the Belt and Road Initiative -- 4. Regional Integration, Trade and the Belt and Road Initiative -- 5. The Development of Infrastructure and Economic Growth -- 6. Projects of the Belt...

1. Introduction -- 2. The Changing International Financial System -- 3. International Economic Growth -- 4. The Effects of the Belt and Road Initiative on China's Domestic Economy -- 5. Effects of the Belt and Road Initiative on the Domestic Economies of Participating Countries -- 6. Effects of...

Intro; Preface; Contents; List of Tables; 1 Introduction; Bibliography; 2 The Changing International Financial System; 2.1 Introduction; 2.2 The International Reserve Currencies and Exchange Rates; 2.3 The Financial Crisis of 2008-2009 as a Precursor of Reforms; 2.4 The Internationalization of the...