Chapter 1: Introduction -- Chapter 2: Conventional State Asset Management -- Chapter 3: New Types of State Capital Management -- Chapter 4: The Temasek Model in Singapore -- Chapter 5: Corporate Governance under Mixed Ownership -- Chapter 6: The Brazilian Model -- Chapter 7: Conclusion.

We investigate the impact of China's 2014 hukou reform - a major change allowing migrants living in small and medium-sized cities of less than 5 million people to apply for urban residence - on formal and informal borrowing at a time of rapid economic transformation. We find that the hukou...

The economic downturns in South Africa present a significant threat, with the potential to disrupt the nation's notable advances in addressing the persistent challenges of high unemployment, widespread poverty and stark inequality. In the absence of substantial and extensive structural...

China's economy has maintained solid growth momentum in early 2025, supported in part by monetary, fiscal, and property sector policy easing. However, growth is projected to moderate from 5.0 percent in 2024 to 4.5 percent in 2025 and 4.0 percent in 2026, as global trade restrictions and...