James Riedel is Professor of International Economics at Johns Hopkins University's School of Advanced International Studies. Jing Jin is Director of China Strategy for UBS AG Hong Kong, and a professor at Beijing's Central University of Finance and Economics. Jian Gao is Vice-Governor of the China Development Bank in Beijing. Why investment and financial reform are essential to China's continued economic well-being Although China's economy has...

In this volume the author provides an analysis of the centrally planned, socialist state economies and their common percentage in the Stalinist Plan introduced in the Soviet Union in the late 1920s. Prybyla first explores the "neoclassical" plan in two variants (conservative and liberal), the "radical" plan (Maoplan), and the Yugoslav experiment (neomarket Yugoplan). He then examines specific countries as their governments search for alternative solutions...

Over the course of a decade spent reporting on the ground in China as a financial journalist, Dinny McMahon gradually came to the conclusion that the widely held belief in China's inevitable economic ascent is dangerously wrong. In this unprecedented deep dive, McMahon shows how, lurking behind the illusion of prosperity, China's economic growth has been built on a staggering mountain of debt. While stories of newly built but empty cities, white elephant...

In 1956, a U.S. lawyer-economist, Louis O. Kelso, created the employee stock ownership plan (ESOP) to enable the employees of a closely held newspaper chain to buy out its retiring owners. Two years later, Kelso and his co-author, the philosopher Mortimer J. Adler, explained the macro-economic theory on which the ESOP is based in this best-selling book, The Capitalist Manifesto."When you read this book, you must be prepared for a shock-particularly...

The large-scale transformation of Kazakhstan's power sector following independence in 1991 was reflected by the country's move toward liberalizing the market and implementing sector regulation. As an early adopter of a liberalized multimarket model consisting of bilateral, spot, balancing, ancillary, and capacity submarkets Kazakhstan's power sector was regarded a market reform leader among countries of the former Soviet Union, having achieved a much...

"Economic Development makes an important contribution of the literature on economic development, especially as it incorporates ideas on a theme that informs our concern for social justice, individual and social freedom, identify, and community."-Winston E. Langley, Annals of the American Academy of Political and Social Science

Some people think they know all the answers. They know how far you should live from your job. They know how big your backyard should be. They know how cities and forests should grow. Government planners claim to know all of that and more. They say that if you want to live in pleasant communities, enjoy beautiful wilderness, and get to work on time, you should put them in charge. But 30 years of research has convinced Randal O'Toole-one of Newsweek's...

Economic and social progress requires a diverse ecosystem of firms that play complementary roles. Making It Big: Why Developing Countries Need More Large Firms constitutes one of the most up-to-date assessments of how large firms are created in low- and middle-income countries and their role in development. It argues that large firms advance a range of development objectives in ways that other firms do not: large firms are more likely to innovate,...

"In this revised and updated edition, David Korten has fleshed out his vision of the alternative to the corporate Wall Street economy: a Main Street economy based on locally owned,, community-oriented "living enterprises" whose success is measured as much by their positive impact on people and the environment as by their positive balance sheet. Korten now offers in-depth advice on how to mount a grassroots campaign to bring about an economy based...

The Asian financial crisis of 1997–1998 was supposed to be the death knell for the developmental state. The International Monetary Fund supplied emergency funds for shattered economies but demanded that states liberalize financial markets and withdraw from direct involvement in the economy. Financial liberalization was meant to spell the end of strategic industry policy and the state-directed "policy lending" it involved. Yet, largely unremarked...