Despite its heavy human, financial, and economic cost, the recent global recession provides a unique opportunity to reflect on the knowledge from several decades of growth research, draw policy lessons from the experience of successful countries, and explore new approaches going forward. In an...

As strategies for achieving sustainable growth in developing countries are re-examined in light of the financial crisis, it is critical to take into account structural change and its corollary, industrial upgrading. Economic literature has devoted a great deal of attention to the analysis of...

Major rural policies in China before the reform include the state-monopolized procurement and marketing system (SMPMS), collectivization and grain self-sufficiency policy. All these three policies were shaped by heavy-industry-oriented development strategy, adopted in the early 1950s. SMPMS was...