This paper develops a two-period model of enterprise shutdown during post-Soviet transition, when firm performance is at best a highly noisy signal of its viability in the evolving market economy. The paper focuses at the industry level, taking a normative industrial-policy perspective, and...

Chapter 1. Economic Transformation and Development Experience of Indian Punjab-An Introduction -- Section I: Understanding the Crisis of Agrarian Transition -- Chapter 2. The Role of Technological and Institutional Changes in the Growth and Transformation of Agriculture in Punjab -- Chapter 3....

In China, the real industrialization and modernization process started in 1949, when the Chinese people were emancipated from the yoke of the Kuomintang and the People's Republic of China (P.R.C) was founded. However, the road of emancipation has been a bumpy one. In particular, the emancipation...