Analysis

Economy

A damaging confusion in Western economics books

Economics textbooks, particularly when discussing Keynes, frequently contain an elementary economic confusion - it should be made explicit this is a confusion in the textbooks ...
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Why China won’t suffer a Western type financial crisis

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, ...
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Why neo-liberalism destabilised US politics

Political destabilisationBoth the Anglo-Saxon countries, the US and UK, which adopted neo-liberal Reaganite/Thatcherite policies are experiencing deep political destabilisation. Trump’s nomination as Republication Presidential candidate ...
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Deng Xiaoping & John Maynard Keynes

Introduction‚ÄčThe international importance of China‚Äôs economy is twofold. The first is practical - the scale of China‚Äôs economic growth, its global impact, and the consequences ...
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Europe’s crisis & the Euro – predicted in advance

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 ...
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China is right to maintain & tighten capital controls

‚ÄčDuring 2017 China has been tightening its capital controls to prevent any export of capital from the country not required for legitimate business expansion - ...
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Why the economic reform succeeded in China & will fail in Russia and Eastern Europe

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 ...
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Economic growth & human well-being – the example of China

The following article analyses in detail the relation between economic growth and human well-being. Its focus is a comparison of China with developing and advanced ...
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Here’s why China and BRICS will drive global economic growth

It is frequently underestimated just how dependent world economic growth is on only a few countries. Strikingly, on the IMF’s latest projections, the majority of ...
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The most important book on economic growth to have appeared for many years

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 ...
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