Chapter 1 Taking the New Normal as New Challenges -- Chapter 2 Understanding and Adapting to the New Normal -- Chapter 3 The Upcoming New Normal -- Chapter 4 The Prospect of Global Economy under the New Normal -- Chapter 5 The New Normal of Chinese Economy and Global Competition Reform --...

There are significant income and nonincome development gaps around the world. Closing these gaps will require not only increasing and sustaining economic growth in low-income regions, but also policies that close nonincome development gaps directly. Governments need to support private investment...

We examine how structural reforms relate to income inequality. We employ many indicators of structural reforms and use data for market and net income inequality. The dataset includes up to 135 countries since 1960. The results do not suggest that market-oriented structural reforms were...

This chapter provides a critical overview of the state of the art in the economics literature on structural reforms. It takes stock of theoretical developments, measurement efforts and of the econometric evidence. We start with a simple theoretical framework for the relationship between...