Digital Commons Network^™

Relationship Between Industrial Structure Change And Economic Growth In Comparative Perspective Of China And Japan, Hongtian Ma

A with Honors Projects

Since China's reform and opening up, through the transformation and upgrading of economic structure, the gross domestic product (GDP) of China's economy developed rapidly in 2010, which became the second largest economy after the United States. After World War II, Japan's economy also developed rapidly through a series of economic restructuring. The basic situation of China and Japan is very different. China has a large population and rich land resources. Compared with China, Japan has a small population and a shortage of land resources. The GDP of the two countries is the second and third in the world respectively. This …

Insolvency Law As Credit Enhancement And Enforcement Mechanism: A Closer Look At Global Modernization Of Secured Transactions Law, Charles W. Mooney Jr.

All Faculty Scholarship

This essay revisits earlier work on the relationship between insolvency law and secured credit, the role of secured transactions law reforms, and the benefits of secured credit. These complex relationships require a holistic approach toward reforms of secured transactions law and insolvency law. Merely enacting sensible secured transactions laws and insolvency laws may be insufficient to produce the intended benefits from either set of laws.

The essay is informed by an ongoing qualitative empirical study of business credit in Japan—the Japanese Business Credit Project. The JBCP involves interviews of representatives of Japanese financial institutions and governmental bodies and legal practitioners …