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Publications (12)
It is arguable that the most important event in the world economy in recent decades has been the rise of China, from being on a par with sub-Sahara Africa at the start of economic reform to being an economic superpower today. That rise remains under-researched. Moreover, the great structural changes...
Income inequality is the result of complex processes with multiple interacting driving forces but understanding those drivers in emerging economies is particularly difficult because of data and analytical challenges. While most middle-income countries produce comprehensive household surveys these...
Blog
27 August 2014 In this interview Justin Lin, Non-resident Senior Research Fellow at UNU-WIDER, talks about how the state can enable the process of structural transformation of the economy, how to fund the necessary investments of this transformation, structuralism versus new structuralism, how...
Blog
– The Role of Inequality and Institutions
27 August 2014 Vladimir Popov Modern economic growth started in the West, not because of the efficiency of various capitalist institutions (elimination of serfdom, free cities, universities). It was the redistribution of wealth and income (enclosure in Britain) that resulted in an increase in...
Blog
23 April 2014 Justin Yifu Lin and Yan Wang At the onset of its miraculous rise in 1979, China had been trapped in poverty for centuries and was poorer than most sub-Saharan African countries. Thanks to the right strategies for transformation, China achieved an average annual growth rate of 9.8 per...
– New Challenges and Emerging Paradigms
Over the last two centuries, the experiences of the first wave of industrialized countries in Europe and the US, and the more recent experiences of the East Asian Tigers, Indonesia, Malaysia, Thailand, China, India, and Vietnam, have illustrated the transformative nature of industrialization. There...
Blog
Tony Addison The present currency turmoil is both a symptom and a cause of profound changes now underway in the global economy. In part 1 of this two-part article, we focus on Latin America and Europe. Part 2 discusses China, and will appear in the November Angle. There is a famous British poster...
Blog
Tony Addison A visit to Buenos Aires in September provided a good vantage point to look at the euro zone’s deepening crisis. Angle readers will recall that Argentina went through a painful adjustment process some ten years ago. This culminated in the peso being forced off its peg to the US dollar in...
Blog
Tony Addison 'Birds of a feather flock together', the old saying goes. So too do investors. Today, those investment birds are a depressed lot. The summer talk is of a 'double dip recession', 'Euro zone collapse', and the USA and Europe 'turning into Japan'—years of economic stagnation. It's enough...
– Growth, Trade, Investment and Institutional Developments
There has been considerable media coverage of China’s trade and financial activities, on India’s emergence as a technology and innovation hub, and on the commerce and investment interactions between China, India, Brazil, and South Africa and other developing nations. For example, China has been...
WIDER Symposium on Adaptive Efficiency and Evolving Diversity of Enterprise Ownership and Governance
A property rights regime covers rights to use, lease, donate, bequest, and sell assets or collect the incomes generated by assets. A clear and transparent property rights regime facilitates investment and economic growth. While private property is considered by many to be the most superior type of...
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