During its independence, post-Communist Georgia has not been able to create an economic system that would serve as the basis for its sustainable economic development. Neither have the reforms conducted after the "Rose Revolution" met the expectations. A consumer economy, typical for poor...

This paper develops new error assessment methods to evaluate the performance of debt sustainability analyses (DSAs) for low-income countries (LICs) from 2005-2015. We find some evidence of a bias towards optimism for public and external debt projections, which was most appreciable for LICs with...

Views of the future China vary widely. While some believe that the collapse of China is inevitable, others see the emergence of a new economic superpower that increasingly poses a threat to the U.S. This paper examines the economic growth prospects of China over the next two decades....

Between 2009 and 2011, Zimbabwe's GDP growth averaged an impressive 7.3 percent, making it one of the world's fastest-growing countries. Yet World Bank governance indicators place Zimbabwe's government among the world's worst, and the Fraser Institute's Economic Freedom of the World index ranks...

The prolonged post-Asian Financial Crisis economic recession in Hong Kong requires a new analysis. By looking at the economic performance since the 1980s, this book focuses on analysing the macroeconomic intricacies facing the Hong Kong economy. The economic boom in the pre-Asian Financial...