We compare business cycle fluctuations in Sub-Saharan African (SSA) countries vis-a-vis the rest of the world. Our main results are as follows: (i) African economies stand out by their macroeconomic volatility, which is is reflected in the volatility of output and other macro variables; (ii)...

Chapter 1. The Strategic Logic of China’s Economy -- Chapter 2. The Dynamic Strategy Theory, a Formal Statement -- Chapter 3. Industrialisation Sub-strategies: Theory and Practice -- Chapter 4. Asia’s First Industrial Giant: Japan’s Strategic Pursuit -- Chapter 5. China’s Millennial...

After the 2001 crisis, Turkey continued to pursue a radical market-oriented reform strategy that followed the philosophy of the Washington Consensus. By the early 2000s the government had already liberalised the capital account, privatised many banks and enterprises, and kick-started the...