Modernizing China's Growth Paradigm

Modernizing China’s Growth Paradigm

Modernizing China’s Growth Paradigm China has achieved tremendous economic progress in the last three decades, but there is much work to be done to make the economy resilient to large shocks, ensure the sustainability of its growth, and translate this growth into corresponding improvements in the economic welfare of its citizens. We discuss the complex challenges that Chinese policymakers face ...

Forthcoming in the American Economic Review Modernizing China’s Growth Paradigm

China has achieved tremendous economic progress in the last three decades, but there is much work to be done to make the economy resilient to large shocks, ensure the sustainability of its growth, and translate this growth into corresponding improvements in the economic welfare of its citizens. We discuss the complex challenges that Chinese policymakers face in striking the right balance in ter...

Modernizing WAAS

The Wide Area Augmentation System (WAAS) became operational on July 10, 2003. Currently this system provides en-route through non-precision approach guidance. Further, the signals are capable of providing vertical guidance to bring an aircraft within 250 feet of the ground. WAAS offers significant benefit to both aviation and non-aviation users. However, the vertical guidance availability is vu...

Modernizing device regulation.

Modernizing the informal sector

Th e multiplicity of policies proposed to support the informal sector refl ects the lack of a common defi nition. Although they may produce positive eff ects, these are limited and fail to constitute a comprehensive strategic approach. Th e diff erent interpretations in the absence of a common defi nition as well as the strategies emerging from them are reviewed. Th e identifi cation of informa...