Leaving the egalitarianism of the planned economy era behind it, China started to push ahead with market-opening policies that place priority on efficiency over equality under the banner of "allowing ...

Like geese flying in formation, the successive waves of Asian countries achieving economic takeoff and emerging or developed market status, has been likened to those migratory birds in flight. If this ...

Wages and other factor prices tend to increase in tandem with economic development. This causes labour-intensive industries to lose their traditional comparative advantage over time, pushing ...