The new growth literature, using both endogenous growth and neoclassical models, has generated strong claims for the effect of national policies on economic growth. Empirical work on policies and growth has tended to confirm these claims. This paper casts doubt on this claim for strong effects...

This paper is devoted to the debate on economic development in Russia after the abolition of serfdom in 1861 and focuses on the contribution of Yuli Zhukovsky, a self-taught economist. Based on his interpretation of western ideas, he saw material conditions as the crucial factor of economic...

Natural Conditions and Foundation of the Chinese Economy -- Historical Development of Chinese Economy (Before 1949) -- Economic Development and Exploration of New China (1949-1978) -- Reform and Transformation of China’s Economy (after 1978) -- Economic and Social Development in China since...

Both China and Vietnam are undergoing a social experiment as they diverge from the path of their Soviet compatriots and attempt transition to a 'socialist market mechanism'. The economic reform in both countries aims towards the so-called 'third way' between the failed command economies and the...

Purpose – The purpose of the paper is to review the issues involved in determining the appropriate speed of adjustment and the sequencing of economic reforms, and to develop a checklist of key guidelines for policymakers as a basis for their decision-making process. Design/methodology/approach...