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1. Introduction / Gareth Austin and Kaoru Sugihara -- 2. Labour-intensive industrialization in global history : an …. Proto-industrialization and labour-intensive industrialization : reflections on Smithian growth and the role of skill … intensity / Osamu Saito -- 5. Labour-intensity and industrializaton in colonial India / Tirthankar Roy -- 6. Labour …
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This paper discusses adjustments of capital account restrictions and exchange rate regimes in East Asia. Monetary authorities have two options for these adjustments: gradual adjustments or rapid adjustments. We analyze the costs and benefits for both adjustment options in each area, i.e.,...
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