In this paper, we shall provide a theoretical overview of what are the chief implications of fucusing institutions and economic systems, what are the main sources of their evolution, how are their evolutionary paths affected by various economic factors. In the latter half, we shall provide a...

This paper examines India’s development strategy, and to what extent it may be considered a success. It provides a brief history of why and how the strategy was adopted, as well as of its implementation, including the role of initial conditions, such as human capital, geographical location,...

This essay draws attention to the fundamental axioms of human nature which the socio-economic policies of India bank upon and analyses why in spite of elaborate planning for development well over a span of fifty years the core economy of the country remains unchanged with wide spread poverty,...

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...

The city of Shenzhen has been labeled as China's Silicon Valley. On August 18, 2019, Chinese authorities released a policy document stating that China will make Shenzhen a model city for others to follow. After an extensive literature review on relevant topics, including economic development,...

Rosenstein-Rodan (1943) and others posit that rapid development requires a 'big push' - the coordinated rapid growth of diverse complementary industries, and suggests a role for government in providing such coordination. We argue that Japan's zaibatsu, or pyramidal business groups, provided this...

This paper considers the impacts of agro-industry development and international trade on income distribution in Myanmar, focusing on low-income rural households. We use a social accounting matrix multiplier (SAM) decomposition model featuring detailed economic linkages. After describing the...

Myanmar's economy has experienced political and economic transformations since 2011 by means of diverse economic reforms. However, the power sector is still struggling to fulfil electricity demand. This study will examine aspects of the electricity sector in an economy-wide perspective by means...

China's growth record since the start of its economic reforms in 1978 has been extraordinary. Yet, this impressive performance has been associated with an increasing regional income disparity. We use a recently developed nonparametric approach to analyze the variation in labor productivity...

We assess the outcome of a major credit-easing program for small firms in Iran during 2005-2008 that was intended to quickly boost employment and production. We take advantage of the threshold effect of the program and a large panel dataset of Iran’s manufacturing plants to estimate a...