Abstract The Regional Comprehensive Economic Partnership agreement creates the world’s largest free trade zone. has potential to increase relations among its members and further promote development of regional value chains in “Factory Asia”. This article presents topics included recently concluded agreement, details existing economic linkages between discusses expected consequences for member s...

Pursuant to Article 1 of the Convention signed in Paris on 14th December 1960, and which came into force on 30th September 1961, the Organisation for Economic Cooperation and Development (OECD) shall promote policies designed: – to achieve the highest sustainable economic growth and employment and a rising standard of living in Member countries, while maintaining financial stability, and thus t...

In contrast to ordinary transactions based on contracts, government land appropriation is an extreme case where the state forcibly and legally takes private ownership of land away from land-rights holders. In the last decade, this has increasingly become a major issue in India. Indeed, media attention on land appropriation cases involving violent actions, such as Nandigram, Kalinganagar, and Si...

â â â  â â â â  abstract â  as the chances of a successful conclusion to the doha round of trade liberalization under the wto become increasingly problematic, so the pace of negotiating local free trade agreements (ftas) is increasing. according to the wto report, countries in the asia-pacific region are “consolidating their drive towards regionalism at an accelerated pace”. after the trade...

An old specter is haunting Europe: the specter of liberal orthodoxy. I refer to the view that the only way for a nation to secure high levels of economic growth and employment is to develop an economy built around perfectly competitive markets, an ideal-type that implies weak trade unions, substantially deregulated financial markets, and inter-firm relations based on highly-competitive relation...

China has experienced tremendous growth in consumer credit over the past years. One important question is how to preserve a healthy credit sector while at the same time stimulating further economic growth. Credit reporting systems are a crucial part of the vital development of consumer credit markets — they are highly sophisticated in the industrialized countries. However, currently there is no...

Achieving and maintaining price stability is the bedrock principle of a sound monetary policy. Price stability promotes economic growth and welfare by increasing the efficiency of the market mechanism, facilitating long-term planning, and minimizing distortions created by the interaction of inflation and the tax code, accounting rules, financial contracts, and the like. Price stability also inc...