Executive summary -- 1. China in the realm of the world economy / David Daokui Li -- 2. Interpretation of China's economic comeback / Youngrok Cheong -- 3. Reflections on 10 years of financial reform in China / Ping Xie -- 4. higher education reform in China: market orientation and institutional...

Introduction and overview / Prema-chandra Athukorala -- Asian trade and investment : trends and patterns / Prema-chandra Athukorala and Hal Hill -- The spatial patterns of production and distribution networks in East Asia / Mitsuyo Ando and Fukunari Kimura -- Production fragmentation and...

We introduce search and matching unemployment into a model of trade with differentiated goods and heterogeneous firms. Countries may differ with respect to size, geographical location, and labor market institutions. Contrary to the literature, our single-sector perspective pays special attention...