There was no macroeconomic policy in the classical system of economic thought. Monetary policy was determined without discretion within the Gold Standard, and budget outcomes were guided by a `balanced budget rule`. Intellectual and policy support for the classical rules evaporated when large...

1. Twenty years of economic reform and structural change in the Chinese economy / Ross Garnaut -- 2. Economic growth over the past twenty years / Xiaolu Wang -- 3. Agricultural reform / Yongzheng Yang -- 4. Trade reform and development / Ligang Song-- 5. State-owned enterprise reform / Yiping...

12. Location determinants and provincial distribution of FDI13. The impact of unbanisation on economic growth; 14. Trade reform, macroeconomic policy and sectoral labour movement; 15. Internet development; 16. Accession to WTO and foreign pharmaceutical firms' business opportunities; 17....

As a result of the difficulties in negotiating the liberalization of trade globally, countries seek liberalization among smaller groups. We describe open regionalism as one such attempt to do this, and show why after a decade of success it ran into the ground as a strategy. The formation of...