A reorientation toward emphasis on consumption has become a major issue in China, raising the question of the relation between economic growth and the composition of output. The issue is addressed here, using insights from economic growth theories. These theories indicate that concentration on...

The explanation offered here for the high rates of saving in China is that much of the saving has been in two Benthamite senses, “forced.” Involuntary saving, the first of Bentham's meanings, includes taxes which finance investment. These have been more than half of total saving in China in...

The research reported in this book fulfills both a general and a specific purpose. Linear programming models are developed in order to improve the process of planning for economic development, both short-term and long-term. The models are then implemented with data taken from the Indian economy...