In this chapter, we focus on the development of the peer-to-peer (“P2P”) lending industry in China. As a modern borrowing platform, peer-to-peer lending allows clients to obtain funding from peer lenders for a multitude of loan purposes, including credit consolidation, personal purchases,...

There is some scepticism about Korea as role model of development as the Korean model involved a considerable degree of state activism, unacceptable in today's global environment. This paper propose a capability-based view of the country's catch-up development, arguing that the real lesson from...

Vietnam's development performance since the early 1990s has been one of the strongest in the world, following the introduction of its doi moi (renovation) economic reform programme in 1986. The core of Vietnam's economic strategy has been rapid integration into the world economy, with a...

This paper investigates the role of regional financial development, in addition to FDI, for regional innovation in China, using a more recent provincial dataset and more sophisticated panel data estimation techniques than previous studies. Two aspects of regional financial system development are...

The paper discusses views on China and India as country role models. In so doing the article recounts the economic and political reforms pursued by the two countries. The paper also outlines the outstanding reforms and the bottlenecks that could jeopardize economic performance and development...

Peace can generate an economic dividend, which can be further increased by appropriate economic reform. This dividend can in turn be used to raise popular support for conflict resolution measures along the road to achieving a final political settlement, a strategy that characterizes the recent...

After 10 years of impressive growth, India is now the fourth largest economy in the world. Yet, to date, Indias' impact on global commodity markets has been muted. The authors examine how Indias' domestic and trade policies have distorted and constrained its demand for commodities. They find...