The fear that China's competitive stress will trigger another Asian crisis is flawed. This book dispels the myths behind the political rhetoric of the China economic threat and identifies the real risk for Asia. Combining rigorous research, economic logic and real-world examples, conventional thinking is debunked and the findings are irresistible.

Using rigorous economic analysis backed by solid data and accounts of real life experiences, this book twists conventional wisdom to drive the thinking about China 'outside the box'. It dispels China's economic myths and probes deep into the hidden forces that drive China's economic future.

This is the first book to put together Asia and the developed world in the subprime crisis context and to combine macro and micro analysis to draw lessons from it. The crisis has valuable lessons for deregulating Chinas insurance industry, which is seen as the goldmine in the future of global financial development.

This book provides political science perspective on higher education reform in Central and Eastern Europe. It examines the impact of historical institutions and transnational networking on institutions of higher education and assesses whether Poland, the Czech Republic, Bulgaria and Romania are converging towards a common model of marketbased governance.

This book highlights the difficult policy choice that must ultimately be made during China's structural reform according to the theory of the Impossible Trinity, between exchange rate and monetary policy autonomy.