We analyze the quantitative impact of the non-tradable sector and structural change on international capital flows. We argue that the allocation puzzle (Gourinchas and Jeanne (2013)) reflects the difference in the magnitudes rather than the direction of net capital flows predicted by the one...

Globalization has transformed how nations, firms and workers compete in the international economy over the past half century. This book by Gary Gereffi, one of the founders of the Global Value Chains (GVC) framework, traces the emergence of arguably the most influential approach used to analyze...

In his previous Schumpeter Prize-winning work, Lee analysed the 'middle-income trap', in which a developing country grows strongly only to plateau at a certain point. Yet certain developing countries, most significantly China, have managed to escape this trap. Building on the conception of the...

The book uses the two key findings of the extant literature-the need to empower urban local governments and to employ a variety of local revenue sources-to advance the field of local government finance by studying an important fee-based revenue source - development charges. It begins by...

"This book presents a comprehensive analysis of contemporary issues in international trade and economic development. Emphasizing the significance of economic development within policymaking, the book covers important issues like provisioning of public goods, its implication in a liberalized...