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What causes distinct trajectories of market development? Why did the modern market
economy, characterized by impersonal exchange, first emerge in the West? This paper presents a
theory of market dev...
HOW WILL CHINA’S SAVING-INVESTMENT BALANCE EVOLVE?
Investment saving financing demographics corporate governance China
2009/1/16
This paper investigates how China’s saving, investment, and the saving-investment balance will evolve in the decades ahead. Household saving in China is relatively high, compared to OECD countries. Ho...