THE term “wild-geese-flying pattern” of economic growth is a literal translation of the Japanese term “ganko keitai”, which was coined by economist Kaname Akamatsu to describe the pattern of economic ...

Wages and other factor prices tend to increase in tandem with economic development. This causes labour-intensive industries to lose their traditional comparative advantage over time, pushing ...

There are two major stories with respect to the world economy. The financial crisis and the severe recession it precipitated have dominated the headlines, pushing into the background the bigger ...

MANILA — The Philippines is lagging behind the flock of Asia’s “new flying geese” in attracting foreign direct investments that are shifting away from China, no thanks to some barriers to entry in the ...