What is a developing country? How does one know whether a country is actually developing or not? This book looks at this issue from several perspectives. Using a series of reports by various organisations, it shows how countries rank in their levels of development according to different criteria. Countries ranking high according to one measure may rank lower according to another. It was once commonly believed that raising a country's average per capita income level would lead to improvements in most other areas. Time and experience have shown, however, that social conditions and general...

China has a policy of pegging its currency (the yuan) to the US dollar. If the yuan is undervalued against the dollar, there are likely to be both benefits and costs to the US economy. This book presents an examination of the details behind China's currenc