The Chinese state has integrated its economy into the neoliberal globalization of trade and investment without neoliberalizing its own financial markets, and to ensure stability, the state applies strict controls on interest rates, capital movement and the value of RMB. The Chinese state...

One of the most important variables in the emerging economies like Indonesia is the stability of the exchange rate. Unstable exchange rates make it almost impossible for all business ventures to plan the business. The higher the depreciation of the Rupiah the higher the inflation rate and this...

One of the most important variables in the emerging economies like Indonesia is the stability of the exchange rate. Unstable exchange rates make it almost impossible for all business ventures to plan the business. The higher the depreciation of the Rupiah the higher the inflation rate and this...

One of the most important variables in emerging economies like Indonesia is the stability of the exchange rate. Unstable exchange rates make it almost impossible for business ventures to plan their businesses. The higher the depreciation of the Rupiah, the higher the inflation rate, and this...

Can expansion of modern-services such as telecommunications, banking & finance and business services boost industrialization in developing countries? We explore this question in a two-sector Kaleckian model where an autonomously growing service sector generates market for a demand-constrained...

Artificial Intelligence (AI) has been embraced enthusiastically by Africans as a new resource for African development. AI could improve well-being by enabling innovation in business, education, health, ecology, urban planning, industry, etc. However, the high expectations could be little more...

Globalisation has been the buzzword across the world for a major part of the last 40 years or so. Starting at a creeping pace in the mid-1980s, it has advanced at unprecedented pace over the last two and half decades. Trade barriers have come down, linkages have been formed and strengthened, and...

This dissertation examines the transformation of Uzbekistan's industrial policy amidst external trade liberalization. It aims to develop scholarly and practical recommendations to enhance industrial policy mechanisms, leveraging global best practices for sustainable economic growth. Key...

I study the impact of industrial policy on industrial development by consid- ering an important episode during the East Asian miracle: South Korea’s heavy and chemical industry (HCI) drive, 1973–1979. Based on newly assembled data, I use the introduction and termination of industrial...