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Chapter
Lessons from the Asian Financial Crisis, and the Prospects for Resuming High Growth
Broadly speaking, there were two initial explanations for the unexpected nature of the Asian financial crisis. The first explanation emphasized the common structural problems (soft rot) in the crisis Asian cou...
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Article
Dealing sensibly with the threat of disruption in trade with China: the analytics of increased economic interdependence and accelerated technological innovation
There is now widespread concern in Washington over the large and growing U.S.-China trade deficit. This concern is premised on the view that the large trade deficit has reduced U.S. welfare by increasing unemp...
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Chapter
Who Should Join the WTO and Why?: A Cost-benefit Analysis of WTO Membership
The most striking features of the World Trade Organization (WTO) are, arguably, its membership list and the changes in the list over time. Despite widespread concerns about globalization and about the role of ...
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Article
Technological innovation policy in China: the lessons, and the necessary changes ahead
China has now moved considerably away from being an imitative latecomer to technology toward to being an innovation-driven economy. The key lessons from China’s experience are that (1) there is synergy between...