This paper discusses a quantitative simulation analysis on the impact of Japan’s FTAs in Asia using a CGE model of global trade. It has been argued that a regional FTA would be a step toward global trade liberalization rather than a final goal. In fact, it is shown that changes in sectoral trade balance and production would vary according to the partners in Japan’s FTAs in Asia deviating from t...

This paper examines the dynamic impact of interest rate reforms on economic growth in Zambia—using two models in a stepwise fashion. In the first model, the efficacy of interest rate liberalization is examined by regressing the interest rate on the level of financial deepening. In the second model, the causal relationship between financial depth and economic growth is examined by incorporating ...

russia and iran, one with european background and slavic racial origins with the other one being of asian descent with non-slavic racial origins, are playing their roles in building regional and international order according to their respective capacities, capabilities. geopolitical and geostrategic developments and differences in proclaimed and practical approaches have historically changed th...

After the collapse of communism, Eastern and Southeastern European counties have experienced significant changes, especially in terms of transition to market economy was achieved through efforts of liberalization and elimination of all forms of national control. As a consequence, some of the social welfare states in the region, still anchored to the old forms of organization, faced serious diff...

As the experience of Russia and some Eastern European countries has demonstrated, economic reform is difficult to carry out when the rank-and-file officials or bureaucrats to whom authorities must turn to implement change resist the reforms in order to protect their vested interests. Drawing on an unusual longitudinal survey data set for a representative rural county in northern China, we show ...

The purpose of this paper is two-fold. First, is to provide an empirical analysis of the implementation of economic reforms in the areas of privatization, trade liberalization, and public expenditure priorities, using the Washington Consensus guidelines. Second, is to assess to continued viability of the Washington Consensus as a model for developing economies. The two methodologies used in thi...

Rapid growth and structural change have reduced poverty in East Asian economies. Income inequality has been low in Korea and Taiwan, but has risen in recent years with economic liberalization. In the Southeast Asian economies of Th ailand, Malaysia and Indonesia, poverty has declined, while income inequality trends have varied, rising most clearly in Th ailand. With its strengthened (private) p...

Since 1991, the city of Delhi in India has become a focal point of economic liberalization. Economic liberalization has been accompanied by local government efforts to attract both foreign and domestic investment, particularly in the service sectors of the economy. The attraction of investment has been achieved by spatial reconfiguration, pitting the interest of global and domestic capital agai...

This paper examines evidence of the effects of economic liberalization and globalization on rural resource degradation in developing countries. The principal resource effects of concern are processes of land use change leading to forestland conversion, degradation and deforestation. The main trends in globalization of interest are trade liberalization and economy-wide reforms in developing coun...