The Chinese economy has developed rapidly despite two major constraints: ill-functioning markets and a socialist past, both of which caused an environment of unenforceable contracts. In this situation the need to pool resources and to govern relational risk was paramount to the development of a...

This paper evaluates the economic development of China using the New Economic Geography (NEG) as a framework of analysis. The NEG addresses the formation of agglomeration economies accruing to physical linkages in one location leading to the formation of a coreperiphery pattern between the...

The notion of policy experimentation was proposed to explain China’s adaptability in policy-making process. Heilmann (2008a) proposed ‘decentralised experimentation with ad hoc interference’ as the central feature of policy experimentation. Through installing ‘experimental points’ at...

In the months and years ahead, it is plausible, perhaps even likely, that the issue of renewed Western economic assistance for the DPRK, or North Korea, will return once again to policymakers‘ agendas. We should therefore ask: Could major inflows of Western aid lead to an economic...

In late 2007, the Chinese Communist Party's 17th Congress outlined a programme of eight key economic policies to address future economic development in China. These policies emphasized 'building a harmonious society' using a 'scientific approach'. The paper assesses whether these policies are...

The paper investigates the relationship between foreign direct investment and economic growth. A model of endogenous growth first highlights the transfer of foreign technology as a key determinant of economic growth, and suggests that economic growth may conversely influence the inflows of...

The Caucasus is one of the most troubled hotspots in the world, with the Georgian-Abkhazian conflict already lasting seven years. In conflict between 1992 and 1998, more than 100,000 people have been displaced to western Georgia, many of them twice. The paper examines the way this exile has...

Ever since the fall of the Berlin Wall and the implosion of the Soviet Union, centrally planned economies in Eastern and Central Europe and Central Asia have been struggling to convert their economic systems from central planning to the market. One facet of this transition is accounting...

This study considers the impact of macro-institutional environments, and alterations in such environments, on organizational level behavior and performance. Specifically, it examines the relationship between firm age and growth for a large sample of Indian firms. Firms are classified as falling...

To ascertain the degree to which enterprises have soft budgets and to find the causes of softness, we surveyed 251 privatized Mongolian enterprises, asking whether state aid was expected when financial difficulties arose. One-quarter of the enterprises face soft budgets, a large proportion of...