As the world recovers only slowly from the 2008 financial crisis and Europe is facing a looming debt crisis, concerns have increased that the "new normal"-a period of high unemployment, low returns on investment, high risks, and low growth-may become protracted in advanced economies. If growth...

Preface; Contents; Chapter 1: It Takes 30 Years to Reach Benevolent Governance; 1.1 Doubling of Per Capita Income; 1.2 Worldwide Example of Poverty Reduction; 1.3 China's Featured Policies of Agriculture, Farmer and Rural Area; 1.4 Social Protection That Develops from Nothing; 1.5 Unbalanced Inclusive...

The financial crisis arose in the industrial countries, but has affected developing countries through higher interest rates, sharp changes in commodity prices, and reductions in investment, trade, migration and remittances. For most low-income countries, shocks that affect food prices or wage...