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With the pursuit for global competitiveness and economic growth, Chinese cities have recorded massive urban land expansion. This article examines the effects of development policies and economic restructuring on urban land expansion in China through a case study of Nanjing, representing the rapidly growing and globalizing coastal cities in China. Wei investigate the development process and changing contents of government policies, and analyze development zones and key projects as privileged, trait making, and even path-breaking elements of the development process. We highlight the transition and paradox of the Chinese state in the urban development process, and the broad contexts underlying urban land expansion in Chinese cities. We see urban expansion in China as a process largely responding to top-down policy change and economic transition initiated by the central government. We hold that the role of the state has to be analyzed to understand urban transformation and land expansion, moving beyond local factors of accessibility and feasibility. Development-zone and project fevers, and lagging administrative reforms, however, have made Chinese cities heavy with debt and led to wasteful development, corruption, and social unrest in China. Keywords: globalization, urbanization, urban expansion, development zone, Nanjing, China., For decades, scholars have been concerned with rapid urbanization in developing countries, especially for its consequences in income inequality, social conflicts, and sustainable development (for example, Kasarda and Parnell 1993; [...]

Taiwan's president, Ma Ying-jeou, sat in a low leather chair looking out over the vast presidential conference room of his Taipei office. On the wall behind him hung a portrait [...]

In the 1990s, rural counties in the United States, which had been losing population, became the destinations for an increasing number of Hispanics, slowing and in some cases reversing population [...]

The basic idea behind Keynesian policy for achieving stable economic growth is straightforward, and superficially plausible. When the economy is in a downturn with underutilized resources, Keynesians believe the federal [...]

The aim of this paper is twofold. First, we document the changing global Landscape before and after the crisis, emphasizing the shift toward multipolarity. In particular, we emphasize the ascent of developing countries in the global economy before, during, and after the crisis. Second, we explore what these global economic changes and the recent crisis imply for shifts in the direction of research in development economics. We place a particular emphasis on the Lessons that developed countries can learn from the developing world. Comparative Economic Studies (2011) 53, 431-453. doi: 10.1057/ces.2011.6 Keywords: growth, economic development, International economic order, trade, welfare programs, income distribution JEL Classifications: economic development, technological change and growth, INTRODUCTION The 2008-2009 financial and economic crisis has shown that the world economy and its recovery are much more fragile and interdependent than previously thought. The crisis has also revealed [...]

Emerging Asian local currency bond markets have come a long way since the 1997/98 financial crisis and emerged as a distinct asset class. Foreign capital inflows into these markets have increased steadily in the past few years. This paper employs an econometric model to analyse the determinants of foreign investor participation in local bond markets. It concludes that foreign participation in local bond markets is influenced by (i) return prospects (ii) market liquidity and (iii) size of the market. Keywords: Local currency bond markets, East Asian economies, capital inflows., I. Introduction The rapid growth of emerging Asia's bond markets since the 1997/98 financial crisis reflects the region's ability to raise debt in local currency to partially support its financial [...]

To say that the Middle East has reached a turning point would be missing the point. The Middle East is hurtling in a new direction, and the United States must [...]

FOR SOME OBSERVERS, America's economic weakness, Europe's uncertain future, turmoil in the wider Middle East, and challengers to Western leadership from Moscow to Tehran signal a new moment in world [...]

Economies in transition such as Russia's are among the world's fastest growing. Entrepreneurial firms in an environment like Russia's face rapid and dramatic shifts in the institutional environment. These shifts [...]

Developing and developed countries need to increase their investments in infrastructure to support economic growth, productivity, and the competitiveness of their economies to enhance the well being of their populations. Some of these investments, being long term, illiquid and considered public services, tend to be undertaken by the public sector. Nevertheless, in some sectors and at different points in history, there has been considerable participation by the private sector. For the purposes of enhancing these investments, all possible options of private and public participation must be considered and the needs are such that ideology and semantics should not get in the way. From the very extensive experience in developing countries, it has been learned that selecting the proper modalities can enhance the long term viability of the investments, can increase the number of bankable projects, attract investments and reduce backlash from failures. These lessons can be applied to developed countries as well. This paper presents a model for the selection of the most suitable service delivery rnodalities adapted to the prevailing local conditions of the country. DOI: 10.1061/(ASCE)CO.1943-7862.0000113 CE Database subject headings: Infrastructure; Investments; Financing; Economic factors; International development; Project delivery. Author keywords: Infrastructure; Investments; Financing; Economic factors; International development.

RAMALLAH, Palestine -- Mahmod Ismail Oda is a farmer, raising a variety of leafy vegetables in a small greenhouse in the northern part of the West Bank outside of Jenin, [...]

MOST PEOPLE TAKE IT FOR GRANTED THAT today's rising tensions between the United States and China over trade and the value of the yuan will be resolved (or not) in [...]

In an April 2009 report, the Massachusetts Biotechnology Council noted that Singapore, an emerging biotech cluster, was 'aiming to move up the value chain and position itself as a world-class [...]

The relationship between high technology exports and per capita economic growth in countries with higher levels of technological achievement is examined. Three groups of countries classified as technological leaders, potential [...]

A noted specialist on India's energy security reviews the range of energy-related issues that will have a bearing on that country's ability to sustain the high current rates of economic growth and development into the future. The author explores the multiple challenges India confronts in securing (through domestic production and external sources) an adequate mix of energy supplies (hydrocarbon fuels, nuclear power, renewable energy sources) and describes as well as analyzes a broad front of actions (both government programs and the activities of private companies) taken to address them. The analysis illuminates India's important role in the production and consumption of several forms of energy. Journal of Economic Literature, Classification Numbers: O130, P280, Q400. 5 figures, 64 references. Key words: India, oil, natural gas, coal, electric power, renewable energy, nuclear power, petroleum refining, petroleum exports, global warming. DOI: 10.2747/1539-7216.50.6.665

Under normal conditions, devoting more resources to X'S production produces more X. This follows from the nature of the physical world, which positively relates quantities of outputs to quantities of [...]

This paper investigates the relationship between energy demand, economic growth and prices in 24 non-OECD countries and three sectors from 1978-2003. We estimate linear and non-linear income and price elasticities, using time fixed effects to control for unobserved dynamic effects such as technological change. We also test for asymmetric responses to price changes. The analysis leads to the following conclusions. First, the income elasticity of energy demand is high and increases with income, both on the country and the sector level. Second, energy demand is more responsive to end-use price than international oil price changes. Third, the price elasticity of energy demand increases with the price level. This result, driven by the residential and agricultural sector, is new to the literature for developing countries, and is consistent with the hypothesis of stronger responsiveness to high energy prices. Finally, we find that after including time fixed effects, allowing for price asymmetry adds little to the results., 1. INTRODUCTION The sharp increase in energy demand observed at the beginning of the new millennium was mostly attributed to the rapid growth of China, India and other emerging economies. [...]