China's remarkable growth in recent years has been often rather arbitrarily ascribed to a number of politico-economic factors. In this volume, the specific effect of foreign direct investment (FDI) inflows is measured quantitatively and estimated on a regional basis. The authors find that there...

W. Arthur Lewis argued that a new international economic order emerged between 1870 and 1913, and that global terms of trade forces produced rising primary product specialization and de-industrialization in the poor periphery. More recently, modern economists argue that volatility reduces growth...

Frontmatter -- Table of Contents -- Introduction -- I. Economic Problems and Development in the Long Run -- II. The Impact of the Colonial Heritage on the Economic Development in the 19th and 20th Centuries -- III. International Economic Relations and their Impact on Economy, State, and Society...