India has created the basic rules of modern economic and political life. While the country’s institutional framework needs strengthening, it will allow India to prosper without drastic changes. Gradual economic reform has transformed India, putting it on a much faster growth path. Economic...

Japan now has one of the world’s most highly developed multimodal transport systems. This was only made possible by successfully building an extensive highway network in a short period of time. The two remarkable aspects of this network have been the scale and layout, which were based not...

The investment and export-driven economic model followed by Chinese governments after 1978 served very well their catching-up vision, but China’s unprecedented race to the top had its flaws and drawbacks, leading to negative externalities and multiple structural imbalances. The global economic...

A dynamic computable general equilibrium model is developed to assess the impact of the recent global recession and the Chinese government's stimulus package on China's economic growth. By designing two scenarios – one with and one without the stimulus package – the model results show that...

Having generated not only growth performance, but also serious imbalances that make it unsustainable in the future, “the Chinese model” has entered into a complex and profound adjustment process, designed to restore its vitality and sustainability, so that the Chinese economy doesn’t...

Low carbon energy technologies are of increasing importance to India for reducing emissions and diversifying its energy supply mix. Using GCAM, an integrated assessment model, this paper analyzes a targets approach for pushing solar, wind, and nuclear technologies in the Indian electricity...

In a revisionist interpretation, this article finds the position of mainstream economists to be in error in relation to the impact of economic theory on the economic strategy incorporated in the Second Five Year Plan. In place of "the power of (economic) theory", it suggests a "theory of power"...

Asian Modeling Exercise (AME) studies show feasible GHG emissions pathways consistent with the 2degrees centigrade global stabilization target. The aim of the low carbon society subgroup is to propose frameworks, modeling methodologies, and workable roadmaps that will transform in-situ...