America's ticking bankruptcy bomb

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Takatoshi Ito and Anne O. Krueger

The contributors to this volume analyze the growth experiences of Japan, Korea, China, Hong Kong, Singapore, and Taiwan in light of the recently developed endogenous growth theory to provide an understanding of the economic boom in East Asia. The theory explored in this volume attributes the phenomenal economic success of these countries to, among other factors, the role of an outward orientation - a focus on exporting rather than on protecting home markets. In addition, the importance of exchange rate behavior, of the supportive role of government policy, and of the accumulation and promotion of physical and human capital are explored in detail. This collection also makes significant contributions to recent work examining the extent to which growth in each country became self-sustaining once it began. This fourth volume in the NBER-East Asia Seminar on Economics series demonstrates the relevance of endogenous growth theory for studying this important region and will be invaluable for economists and for those interested in East Asian affairs.

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David Seddon

This reference volume is the definitive guide to the economics and politics of the Middle East. It provides clear definitions detailing terms, concepts, names and organizations used in relation to current economic or political affairs in the Middle East. Entries define, explain and give further relevant information on countries, regions, ethnic groups, political parties, organizations, policies and disputes.

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[John Kerry, John Edwards

"Our Plan for America presents, in full scope, Kerry and Edwards' map for the next four years and beyond. Here, in thorough detail and accessible language, Kerry and Edwards delineate point-by-point the most urgent challenges facing America today, and their plans to redress these."--BOOK JACKET.

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Maurice Meisner

In the past decade, the world has become familiar with the image of Communist powers struggling in economic and political crisis. The crisis in China, whose economy is now the world's second largest and fastest growing, is perhaps the most serious of all, and Maurice Meisner's important new book shows how it stems from a deep spiritual and political dispute between capitalist realities and lingering socialist values and ideas. The Deng Xiaoping Era is Meisner's analysis of that crisis and of how Deng Xiaoping's promise of socialist democracy degenerated into bureaucratic capitalism. He shows the ways in which the Deng regime grossly violated the social contract between the Chinese Communist Party and Chinese people, and how capitalism emerged as the dynamic force in today's socioeconomic and cultural life. Now, Meisner argues, after more than a decade of capitalist reforms, the Chinese spiritual malaise is deepening with the brutal suppression of the 1989 Democracy Movement and its politically repressive aftermath. This indispensable study of contemporary Chinese politics - from the 1949 Revolution and the founding of the Maoist state to the establishment of Deng's regime and the social consequences of his reforms - is, as well, a formidable analysis of the failure of the world's greatest socialist experiment.