the objective of this paper is to examine linkages between new public management and the process of globalization. although the linkage of the two subjects has been inadequately considering the literature, one can find strong parallels between them, particularly with respect to the theme of globalization as the victory of economics over politics, and that of the parallel reforms of competition ...

This paper discusses recent steps China has taken to open its capital account and presents empirical evidence on asset market linkages between China and Asia. We find only weak crosscountry linkages in longer-term interest rates, but much stronger linkages in equity markets. Moreover, we find that the strength of the correlation of equity prices changes between China and other Asia countries in...