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Economics and Finance (R0)

Yang Yao

Tianyang Xi

China: A New Narrative

An Anatomy of China's Political and Economic System

&lt;p&gt;Understanding the cpc system yao yang.-&amp;nbsp;Beyond liberal democracy the enlightenment of confucianism and contemporary practice yao yang and qin zizhong.-&amp;nbsp;The credible commitment and the modernization of national governance yao yang.-&amp;nbsp;Constitutional democracy and its conceptual analysis chen xiaoping.-&amp;nbsp;Developments led by officials wang xianbin and xu xianxiang.-&amp;nbsp;The reward cost and improving direction of official transfer zhang muyang.- Flexible tenures performance pressure and chinas economic growth miracle zhong lingna pang baoqing and geng shu.-&amp;nbsp;Political business cycle with chinese characteristics nie huihua.-&amp;nbsp;How local governments innovate institutionally chen shuo.-References.&lt;/p&gt;


Lessons from Ethiopia

Transforming African Economies

The Political Economy of the Asia Pacific

This book provides a comprehensive exploration and reflection of the opportunities and challenges that have shaped India’s growth trajectory in past seven decades. The book contains rigorously researched articles on various contemporary issues and debates around four broad key themes on—political economy appraisal, sectoral challenges, employment, labour and informality and social sector performance, offering conceptual understanding, critical analysis and policy implications. In addition to offering significant insights into recent emerging issues such as the agrarian crisis, non-performing assets (NPAs), post-COVID-19 transformations, shifts in the labor market due to artificial intelligence (AI), digitalization, and more, the book also explores the dominant theoretical discourses essential for comprehending India's political economy since independence till recent. The book offers actionable policy recommendations to address existing gaps between policies and practices of India’s development trajectory. The book is particularly intended for research scholars and students, of economics, political science and development studies. Also, policymakers, institutions, general reader and academics worldwide who are interested in understanding the political aspect of Indian economy, its development trajectory, and the challenges and opportunities that nation faces at the cusp of completing 75 years of independence.

This book provides a comprehensive exploration and reflection of the opportunities and challenges that have shaped India’s growth trajectory in past seven decades. The book contains rigorously researched articles on various contemporary issues and debates around four broad key themes on—political economy appraisal, sectoral challenges, employment, labour and informality and social sector performance, offering conceptual understanding, critical analysis and policy implications. In addition to offering significant insights into recent emerging issues such as the agrarian crisis, non-performing assets (NPAs), post-COVID-19 transformations, shifts in the labor market due to artificial intelligence (AI), digitalization, and more, the book also explores the dominant theoretical discourses essential for comprehending India's political economy since independence till recent. The book offers actionable policy recommendations to address existing gaps between policies and practices of India’s development trajectory. The book is particularly intended for research scholars and students, of economics, political science and development studies. Also, policymakers, institutions, general reader and academics worldwide who are interested in understanding the political aspect of Indian economy, its development trajectory, and the challenges and opportunities that nation faces at the cusp of completing 75 years of independence.&nbsp;&nbsp;

Opportunities & Challenges of Development

India's Political Economy @75

This book offers a bold reimagining of Hawai‘i’s economy by exploring how localized innovation, community-led tourism, and regenerative development models can create a more resilient, equitable future. Targeted toward scholars, policy makers, and practitioners in economics, sustainability, and tourism, this book examines the limitations of Hawai‘i’s historical dependence on mass tourism and proposes pathways to diversify economic opportunity while protecting cultural and ecological resources. Key topics include destination management strategies, agritourism, regenerative tourism, the role of Native Hawaiian stewardship, and the integration of microeconomic theory into policymaking. Drawing on recent data, field case studies, and emerging public-private collaborations, this book addresses a central question: How can Hawai‘i’s shift from an extractive economic model to one that prioritizes community well-being and long-term sustainability?

The resulting book connects academic insight with grassroots innovation to help inform Hawai‘i’s economic transformation in the mid-2020s.

This book offers a bold reimagining of Hawai‘i’s economy by exploring how localized innovation, community-led tourism, and regenerative development models can create a more resilient, equitable future. Targeted toward scholars, policy makers, and practitioners in economics, sustainability, and tourism, this book examines the limitations of Hawai‘i’s historical dependence on mass tourism and proposes pathways to diversify economic opportunity while protecting cultural and ecological resources. Key topics include destination management strategies, agritourism, regenerative tourism, the role of Native Hawaiian stewardship, and the integration of microeconomic theory into policymaking. Drawing on recent data, field case studies, and emerging public-private collaborations, this book addresses a central question: How can Hawai‘i shift from an extractive economic model to one that prioritizes community well-being and long-term sustainability? The resulting book connects academic insight with grassroots innovation to help inform Hawai‘i’s economic transformation in the mid 2020s.

Building a Resilient and Innovative Island Economy

Economic Development in Hawai‘i

Emerging-Economy State and International Policy Studies

This book offers a compelling analysis of Malaysia’s path to sustained economic growth and social stability, illuminating how the country navigated the complex challenges of industrialization, ethnic diversity, and inequality. Spanning six decades of development from the 1960s to the 2020s, the book integrates rigorous economic analysis with nuanced political insights to present a comprehensive account of Malaysia’s transformation.
Through detailed examination of industrial upgrading, productivity growth, and policy implementation, the book reveals how Malaysia balanced rural development with urbanization and economic expansion with ethnic harmony. Unlike many developing nations that prioritized industrialization at the expense of rural sectors, Malaysia pursued a dual-track strategy—supporting both agriculture and industry while managing labor transitions across sectors.
Central to this success was Malaysia’s competitive authoritarian political system, which enabled decisive policy shifts at critical junctures. The book explores how this governance model facilitated the country’s transition from a primary commodity exporter to a diversified industrial economy, while actively addressing ethnic economic disparities. Essential reading for scholars, policymakers, and practitioners in development economics, political economy, and Asian studies, this work provides unique insights into the policy choices and institutional dynamics that shaped Malaysia’s development trajectory. It offers valuable lessons for other multi-ethnic middle-income countries seeking sustainable growth.

Insights from Malaysia on Overcoming the 'Middle-Income Trap'

Economic Development Strategies

From the acclaimed co-author of Why Empires Fall, a bold vision for how to put Western economies back on a sustainable footing.

Why Rich Economies Are Struggling - and How to Fix Them

Icarus Economics

Development and Its Discontents is a critical examination of development studies' history and what it has become, and what it might yet be. It argues that the field is increasingly differentiated along competing modes of thought, worldviews, and claims to knowledge, bringing long-running debates about the study of development back into sharp focus. Drawing on cross-disciplinary thinking on development, from the rise of classical development economics and the anti-colonial momentum of the Bandung era to contemporary decolonial critiques, the book maps the intellectual currents that have shaped development studies and the tensions and debates that now structure it. The result is a framework for recognising the field's internal pluralism and for taking interdisciplinarity more seriously, without pretending that its disagreements are merely semantic. For scholars and students, Development and Its Discontents offers a guide to the intellectual architecture of development studies, its contested boundaries, and the questions now shaping its future.

Development and its Discontents

IPP Studies in the Frontiers of China’s Public Policy

Guangdong, located in South China, and its core area, the Pearl River Delta, have become the most vibrant hub of innovation in China. This book traces Guangdong's journey from its successful rise as the "world factory" at the end of the 20th century to its current status as China's center for innovative industries, revealing the internal mechanisms of the "black box" of how the Chinese economy gained the innovation advantage. The book summarizes Guangdong's development experience as a "bottom-up" innovation model, where in the stages of factor-driven, investment-driven, and innovation-driven development, companies’ strategies of technology and innovation strategies align with and mutually reinforce local governments’ industrial and development policies, collectively creating an upward-spreading innovation network and system that forms a unique regional economic growth engine. The book's discussion on technology learning strategies, absorptive capacity, dynamic capabilities, R&amp;D investment, innovation platforms, innovation ecosystems, and regional innovation policies holds valuable reference for government officials, corporate executives, business scholars, economists, and journalists.

Guangdong, located in South China, and its core area, the Pearl River Delta, have become the most vibrant hub of innovation in China. This book traces Guangdong's journey from its successful rise as the "world factory" at the end of the 20th century to its current status as China's center for innovative industries, revealing the internal mechanisms of the "black box" of how the Chinese economy gained the innovation advantage. The book summarizes Guangdong's development experience as a "bottom-up" innovation model, where in the stages of factor-driven, investment-driven, and innovation-driven development, companies’ strategies of technology and innovation strategies align with and mutually reinforce local governments’ industrial and development policies, collectively creating an upward-spreading innovation network and system that forms a unique regional economic growth engine. The book's discussion on technology learning strategies, absorptive capacity, dynamic capabilities, R&amp;D investment, innovation platforms, innovation ecosystems, and regional innovation policies holds valuable reference for government officials, corporate executives, business scholars, economists, and journalists.

Bottom Up Innovation in Guangdong

Remade in South China

Post-Soviet Development Economics and Society

Heterodox Approaches to Development in Central Asia

A Reparations Framework for International Development Policy and Finance

Restoring Africa’s Stolen Wealth

An authoritative and cutting-edge exploration of how land, transportation, and economic forces shape cities, regions, and the distribution of economic activities from a local to a global scale. Land, by its very nature, is immobile and unproduced, creating competition for prime locations that drives disparities in economic outcomes. Transportation, meanwhile, serves as the mechanism for overcoming spatial frictions but imposes costs that influence where firms and individuals choose to locate. Together, these factors explain the emergence and persistence of cities, regional disparities, and even global patterns of economic concentration. In Spatial Economics, Hans R.A. Koster, Stef Proost, and Jacques-François Thisse explore how cities, regions, and the global economy are shaped by the interplay between location, land use, and transportation. The authors examine why economic activities are clustered in large metropolitan areas and dispersed in vast areas, driven by the balance between the gains from concentration and various congestion and pollution costs. Blending classical theories with modern data and modeling approaches, the book addresses urbanization, spatial inequality, and the effects of policies like infrastructure investments and land regulations. Accessible yet rigorous, it offers valuable insights for understanding the geographic organization of economic activity in today's interconnected world.

Spatial Economics

A novel perspective on monetary and fiscal policy that views money as the equity capital of a nation A conventional economic theory, monetarism, holds that inflation is a monetary phenomenon driven by changes in the supply of money. Yet recent experience—including the aftermath of the financial crisis of 2008 and the economic development of China—contradicts this basic prediction. In this book, leading economists Patrick Bolton and Haizhou Huang offer a novel perspective, viewing monetary economics through the lens of corporate finance. They propose a rich theory of money supply where money can be seen as the equity capital of a nation, playing a similar role as stocks for a company. This innovative framework integrates the real and monetary sides of the economy, with a banking sector and debt at its core. In the financial world, companies issue new shares only if it results in some kind of value creation; this is a basic principle of corporate finance that Bolton and Huang argue can be applied to monetary economics. When the government increases the money supply to finance positive net value investments—when it prints money to keep the economy going—it increases output, not inflation. This is evidenced by the strong growth in GDP and money in China over the last four decades, and in the United States during World War II. The effect of increasing money supply, they argue, depends on how money enters the system and what the money buys. The principles outlined by Bolton and Huang shed new light on a range of issues, including inflation, monetary and fiscal policy, central banking, money and growth, and the international monetary system.

New Monetary Principles for a More Prosperous Society

Money Capital

This book provides an exploration of China’s evolving role in global governance and sustainable development, offering unique insights from over thirty leading scholars from most leading universities in China and beyond.&nbsp;Through a multidisciplinary lens, the volume delves into key themes such as global financial systems, climate governance, transnational environmental policies, and China’s contributions to global infrastructure, health, and AI governance. It analyzes theoretical frameworks—such as "harmonious governance" and "a community with a shared future for mankind"—while assessing practical initiatives like the Asian Infrastructure Investment Bank (AIIB) and carbon trading schemes. The book also highlights intersections between state governance, migration, education, and gender equity, demonstrating how local and global governance interact in an increasingly interconnected world towards sustainable development goals.&nbsp; By bridging global perspectives from the North and South, this book addresses a crucial gap in understanding how the Global South, particularly China, contributes, influences and innovates global governance regimes. It is essential reading for scholars, policymakers, and practitioners in global governance, sustainable development, and public administration who seek a deeper understanding of China’s leadership and the future of equitable global governance.Prof. Jin Sun
 is Assistant Professor of Sociology and Executive Director of the Social Governance &amp; Sustainable Development Lab at the Chinese University of Hong Kong, and Executive Committee of the Public Policy Research Center at the Hong Kong Institute of Asia-Pacific Studies.
 Prof. Hanzhi Yu
 is Tenured Associate Professor in the Department of Political Science, and Deputy Director of the Institute of Political Science, School of Public Affairs at Zhejiang University, Hangzhou, China. Prof. Yu holds a Ph.D. in public management from Tsinghua University.

This book provides an exploration of China’s evolving role in global governance and sustainable development, offering unique insights from over thirty leading scholars from most leading universities in China and beyond.&nbsp;Through a multidisciplinary lens, the volume delves into key themes such as global financial systems, climate governance, transnational environmental policies, and China’s contributions to global infrastructure, health, and AI governance. It analyzes theoretical frameworks—such as "harmonious governance" and "a community with a shared future for mankind"—while assessing practical initiatives like the Asian Infrastructure Investment Bank (AIIB) and carbon trading schemes. The book also highlights intersections between state governance, migration, education, and gender equity, demonstrating how local and global governance interact in an increasingly interconnected world towards sustainable development goals.&nbsp; By bridging global perspectives from the North and South, this book addresses a crucial gap in understanding how the Global South, particularly China, contributes, influences and innovates global governance regimes. It is essential reading for scholars, policymakers, and practitioners in global governance, sustainable development, and public administration who seek a deeper understanding of China’s leadership and the future of equitable global governance.

Perspectives from China & the Global South

Global Governance and Sustainable Development

China: A New Narrative

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