Opportunities and challenges brought by the NIR for industrial upgrading in China -- Industrial policy and overcapacity: empirical research of China -- Zombie firms and industrial upgrading -- Industrial structure and global value chain -- Product Space and quality upgrade -- Platform economy:...

The rapid emergence of China and India as prime locations for low-cost manufacturing has led some analysts to conclude that manufacturers in the "old economies"-the U.S., U.K., Germany, and Japan-are being edged out of a profitable future. But if countries that historically have been at the...

The authors develop a simple general equilibrium framework to study the effects of global competition on banking industry dynamics and welfare. They apply the framework to the Mexican banking industry, which underwent a major structural change in the 1990s as a consequence of both government...