The Stern Review on the Economics of Climate Change was launched on October 30th last year. The attention it received in academic, political and popular circles worldwide has been perhaps unprecedented for a government report of its kind. Running now to nearly 700 pages, the Review contains a...

Most proposals for Asian monetary cooperation assign a special role to the Japanese yen as an anchor currency. We focus instead on the potential role of the Chinese renminbi. It becomes increasingly clear that China will assume the role of the dominant economy in the region, and that it will...

This paper examines, within the new growth theory framework, the contribution of international technological spillovers using panel data for eleven Asian countries over the period 1970-93. A country's productivity growth is shown to depend not only on its domestic R&D investment but also on the...