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 ...
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 ...
MANILA — The Philippines is lagging behind the flock of Asia’s “new flying geese” in attracting foreign direct investments that are shifting away from China, no thanks to some barriers to entry in the ...
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 ...
Like geese flying in formation, the successive waves of Asian countries achieving economic takeoff and emerging or developed market status, has been likened to those migratory birds in flight. If this ...
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 ...
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