Climate change presents global externalities, leading private markets to underinvest in climate change solutions. The key insight of this paper is that some private market participants, namely large oil and gas (O&G) firms, are in a position to internalize important climate change externalities...

"While openness to trade is a well-recognized hallmark of many successful emerging market economies known as "growth miracles," another component of the growth model is a leapfrogging strategy - the use of policies to guide the industrial structural transformation ahead of a country's factor...

While openness to trade is a well-recognized hallmark of the Asian growth model, another component of the model is a leapfrogging strategy - the use of policies to guide industrial structural transformation ahead of a country's factor endowment. Does the leapfrogging strategy work? Opinions vary...