Preface -- Introduction -- The 2008 financial crisis and the Chinese economy -- Shanghai as an international financial centre -- The Renminbi debate -- Promoting China-ASEAN economic cooperation -- The flying geese model -- Reflections on developmental models -- By way of conclusion : some...

"If governments followed the optimal fiscal policy path, surpluses in good times would counter necessary deficits during economic downturns, leading to worldwide balance. The world, however, has chosen to go in a different direction in recent decades, avoiding thrift in light of a decidedly more...

This book investigates the reasons for persistent public deficits and delayed fiscal reform in Japan, placing a special emphasis on political economy aspects. Japan is confronted with the need to pursue fiscal discipline for fiscal consolidation and implement structural reforms for reorganizing...