This book surveys the competing, or sometimes complementary, roles of the state and the market in shaping China’s pattern of regional development during the Communist era.

In this book Cai Fang explores the contribution of demographic transition to economic growth in China’s reform period, depicts the population factors causing the economic slowdown since the second decade of the 21st century, analyses the challenges facing its long-term sustainability when the...

Most of the studies conducted to examine the growth performance of many developing economies are based on the traditional neoclassical growth frameworks. This book takes an alternative path. It employs a blend of historical, neoclassical, Kaldorian, and endogenous growth frameworks to shed...

An integrated labour market model (a revision of the Harris–Todaro dualistic labour market model) is presented which can be used to analyze labour market operation in other developing countries. The effectiveness of various policies adopted by the Taiwanese government in tackling high...

This book examines the major issues arising from the Korean financial crisis of 1997. It considers the strong prospects for rapid economic recovery and the emerging changes in Korea’s international economic relations and business environment.

In this ground-breaking book, leading commentators on the Japanese economy analyse both the immediate and deep-seated causes that make a sustained economic recovery in Japan problematic. They debate the deep-rooted structural causes of Japan’s decline and assess Japan’s faltering financial...

The economic system of ‘high-growth-period’ Japan was characterized by various properties such as its unique banking system, industrial policy and lifetime employment. Juro Teranishi argues that since the ‘bubble period’ and the subsequent severe downturn of the economy during the 1990s,...

This book provides an insight into some of the efforts and actions taken by the rapidly developing economy of Malaysia towards its ‘Vision 2020’ of becoming a developed country. Renuka Mahadevan explores whether the vision can become reality and not just remain a dream.

Examining the reform and restructuring of the electricity industry in China, India and Russia, this book explores the way that local conditions and institutions shape the commitment, direction and speed of public utility reform in the three countries. It questions the validity of the argument...

Market Development in China presents the analysis of leading specialists on the causes, benefits and problems resulting from China’s transition to a market economy. As the authors illustrate, it is generally recognized that in the last 25 years China has achieved a rate of economic growth...