Just when China’s leaders receive conflicting signals of “overheating” and “below-potential growth”, they encounter tremendous external pressure to revalue the Renminbi (RMB) substantially. Our conclusion is that the major macroeconomic challenges have their roots in China’s...

Syrien steht mitten in einem wirtschaftlichen Reformprozess. Dieser ist notwendig, da die Ölreserven zur Neige gehen, wodurch die Leistungsbilanz stark negativ geworden ist. Gleichzeitig ist die Unterbeschäftigung hoch und das Pro-Kopf-Einkommen stagniert. Subventionen und Zahl der...

We attempt to quantify economic reforms process in India during the period 1960 – 2006 in seven key areas viz., international finance, domestic finance, fiscal, trade and commerce, business regulations, public sector and social sector. Apart from aggregate measure of economic reforms, we also...

This paper presents an empirical criterion for establishing privatization priorities for state owned enterprises. The approach uses firm performance as the basis for deciding the sequence in which firms are privatized. Sequencing is relevant because the order in which a group of state...

How are state-owned entreprises to be reformed? Privatisation seems to be the obvious solution. This essay argues that entreprises reform in the transition should focus on enhancing managerial.

We argue in this paper that unless China begins to tackle more systematically the serious problems that have emerged in the finances of its various levels of sub-national government the problems to which the present unsatisfactory system give rise will over time increasingly distort resource...

The investment and export-driven economic model followed by Chinese governments after 1978 served very well their catching-up vision, but China’s unprecedented race to the top had its flaws and drawbacks, leading to negative externalities and multiple structural imbalances. The global economic...

This article hypothesizes that economic reforms become sustainable when the discursive conditions prevailing in society tip against the existing paradigm under exceptional circumstances. Thus, unless the pro-liberalization constituencies dominate the development discourse, economic reforms,...

Many have increasingly questioned if and how Chinese policy has evolved or will evolve to ensure that the country’s development is not only focused on immediate economic growth, but also economically, socially and environmentally sustainable. This paper addresses this question by tracing key...

Motivated by China's experience, a growth model is developed to explain the repeated interaction between economic reforms and growth in a developing country. Convergence occurs until the developing country reaches a bottleneck, then convergence stops unless the institution is improved. After the...