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Turkey's risks and uncertainties are amplified when foreign investors calculate that Istanbul is located very near the North Anatolian Fault Zone that runs within less than a mile from the city through the Sea of Marmara. The discussion is then recalibrated to concerns regarding public...
Persistent link: https://www.econbiz.de/10013053210
The importance of China's economy and the instability of China's financial system are in the spotlight recently. This paper uses Austrian Business Cycle Theory to gauge the potential risks of China's economy. The approach of this paper is a sector analysis, focusing on China's monetary and...
Persistent link: https://www.econbiz.de/10012921169
During the Second World War, fraudulent recruiters sometimes promised young Korean women factory jobs but sent them … instead to war-zone brothels called "comfort stations." Western historians take it on faith that the Japanese military forced … earnings, the women demanded a large portion of their pay upfront. Realizing that they were headed to the war zone, they …
Persistent link: https://www.econbiz.de/10013232841
.Set against a weak global backdrop, we have to believe that China’s ‘Japan 1989’ moment is inevitable, maybe not this year … process. Having followed a path that is analogous to Japan’s there is a real risk that those opportunities may take two …
Persistent link: https://www.econbiz.de/10013238869
This paper considers the contribution of the developmental state literature to comparative historical analysis, with a particular emphasis on methodological issues: the role of single and comparative case studies, counter-factual analysis, the nature of historical explanation and the...
Persistent link: https://www.econbiz.de/10013077593
. Rapid post-war industrialisation was not sustained beyond the mid-1960s and South Korea’s economy far outpaced North Korea …
Persistent link: https://www.econbiz.de/10012203362
Persistent link: https://www.econbiz.de/10010884600
A recent wave of economic research has studied the transformation of China from a poor country in the 1970s to a middle-income economy today. Based on this literature, we discuss the factors driving China’s development process. We provide a historical account of China’s rise, fall, and...
Persistent link: https://www.econbiz.de/10010886217
This paper argues that China's size was one reason behind its relative decline in the nineteenth century. A ruler governing a large country faces severe agency problems. Given his monitoring difficulties, his agents have strong incentives to extort the taxpayers. This forces him to keep taxes...
Persistent link: https://www.econbiz.de/10010939561
China's long-term economic dynamics pose a formidable challenge to economic historians. The Qing Empire (1644-1911), the world's largest national economy before 1800, experienced a tripling of population during the seventeenth and eighteenth centuries with no signs of diminishing per capita...
Persistent link: https://www.econbiz.de/10010751920