Economic theory

​Until recently, the big myth about China's companies was their lack of innovation. That view is now being reassessed in a series of Western studies ...

Economics textbooks, particularly when discussing Keynes, frequently contain an elementary economic confusion - it should be made explicit this is a confusion in the textbooks ...

Inaccurate articles sometimes appear claiming China faces a "severe debt crisis." Factually these are easily refuted. Changyong Rhee, the IMF's Asia and Pacific Department director, ...

Introduction​The international importance of China’s economy is twofold. The first is practical - the scale of China’s economic growth, its global impact, and the consequences ...

IntroductionThe following article, published in September 1996, that is prior to the creation of the Euro, accurately predicted in advance from fundamental economic theory the ...

​During 2017 China has been tightening its capital controls to prevent any export of capital from the country not required for legitimate business expansion - ...

This article was written in April 1992 and originally published in Russian in September 1992 in Voprosy Economiki (Questions of Economics) in September 1992. The ...

Vu Minh Khuong's The Dynamics of Economic Growth is the most important book on world economic growth to have appeared for many years. It is for that reason (full ...