There are two major stories with respect to the world economy. The financial crisis and the severe recession it precipitated have dominated the headlines, pushing into the background the bigger ...

THE term “wild-geese-flying pattern” of economic growth is a literal translation of the Japanese term “ganko keitai”, which was coined by economist Kaname Akamatsu to describe the pattern of economic ...

Wages and other factor prices tend to increase in tandem with economic development. This causes labour-intensive industries to lose their traditional comparative advantage over time, pushing ...

Leaving the egalitarianism of the planned economy era behind it, China started to push ahead with market-opening policies that place priority on efficiency over equality under the banner of "allowing ...

Recent years have seen widening regional gaps in China between coastal regions (in the east), which have grown dramatically, and inland regions (in central and western China), where growth has been ...