Modern economic development is accompanied by the structural transformation from an agrarian to an industrial economy. Since the 18th century, all countries that industrialized successfully have followed their comparative advantages and leveraged the latecomer advantage, including emerging...

This paper examines the potential long-term impacts of global climate change on agricultural production and trade in the People’s Republic of China (PRC). Using an economy-wide, global computable general equilibrium model, this paper simulates the scenarios of global agricultural productivity...

With the emergence of People’s Republic of China (PRC) and India, the economic landscape of Asia and its relation to the global economy have changed. Using a new dynamic global model, we present forecasts for Asian expansion over 2025. These baseline growth forecasts elucidate shifting...

Using a dynamic global general equilibrium model, the paper assesses theshort- and medium-term impacts of the global financial crisis for Asianeconomies and the implications of post-crisis adjustment in East Asia for theworld economy. The analysis suggests that East Asia may not be severely...