Describes in a game-theoretical approach how the development success story Vietnam managed to keep rent seeking in check sufficiently to attract record numbers of foreign investors and exhibit strong economic growth in the early stages of its economic reforms. It concludes that pluralistic...

The postcommunist countries were amongst the most fervent and committed adopters of neoliberal economic reforms. Not only did they manage to overcome the anticipated domestic opposition to 'shock therapy' and Washington Consensus reforms, but many fulfilled the membership requirements of the...

Numerical exercises we have performed indicate that when one operates a country as a slavery system, the slaves would end up barely subsisting, whereas the masters could live affluently.What might North Korea do to achieve prolonged economic progresses? The followings appear to be the bare...

Cuba opens a door to the world: the United States engages -- The old Cuban economy and Raul Castro's efforts to fix it -- Dancing with many partners: good balance, poor execution -- Opening to foreign investment: new portfolio opportunities -- Joint ventures in Cuba: seven case studies --...