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SUMMARYThe law shifts the risks borne by individuals in society and thereby influences the allocation of resources in society, the distribution of income and economic growth. Consequences for economic efficiency of the legal sanctioning of risk spillovers or externalities are analysed using the Kaldor‐Hicks criterion. Examples are given in which the law encourages excessive risk‐taking from a social point of view along with a few cases in which it leads to an excessive reduction in risk‐taking. It is observed that the legal practice of compensating for actual damages sustained, rather than for the risk or possibility of damage, is least costly to parties creating the risk. Product liability is discussed. It is argued that the distribution of income rather than gains in economic efficiency provides the main rationale for strict product liability.

Purpose– The achievement of self-reliance (zi li geng sheng: "regeneration through one's own efforts") is an important Chinese goal. Mao Zedong's approach to achieving this goal after 1960 was to advocate and practice economic self-sufficiency both within China and nationally. One purpose of this article is to outline and discuss Mao's approach and its consequences. Following China's market reforms commencing in 1978, Mao's economic self-reliance policies were systematically abandoned. The second aim of this article is to consider how China's market reforms and its development have impacted on subnational economic self-reliance within China and to assess the extent to which its open-door policy has reduced its national self-reliance.Design/methodology/approach– Secondary sources and data are used to develop this article.Findings– As a result of its market reform and economic development, all parts of China's economy have become more interdependent and continue to do so. In addition, China has become more dependent for its economic welfare on international trade, but its dependence is much less than that of many other countries, for example, Germany. Nevertheless, the Chinese still endeavour to be masters of their own destiny. From this perspective, Mao's principle of self-reliance has not been abandoned.Originality/value– Despite its growing economic interdependence, China continues to value its capacity for autonomous goal setting and decision-making. This is illustrated by the strategies it has adopted to address its dependency on oil imports. Nevertheless, China's increased economic interdependence adds to China's challenges and difficulties in controlling its economic affairs.

After generally discussing models in ecology and economics that combine competition, optimization, and evolution, this article concentrates on models of intraspecific competition. It demonstrates the importance of diversity/inequalities within populations of species and other environments for the sustainability of their populations, given the occurrence of environmental change. This is demonstrated both for scramble (open‐access) and contest competition. Implications are drawn for human populations and industrial organization. The possibility is raised that within‐industry competition may not always exist between firms in all stages of the development of a new industry. Policy implications are considered. For example, it is argued that policies designed to encourage intense business competition and maximum economic efficiency have the drawback of eventually making industries highly vulnerable to exogenous economic changes. (JEL L100, J100, Q150)

Much of this book is based on extensive fieldwork in the Meihuashan Nature Reserve (and nearby protected areas) of western Fujian as well as substantial examination of relevant historical records. Its basic purpose is to explore the interaction between people (in this case Hakka) and their surrounding ecological environments as influenced by their culture. The study is set within a long-term historical context stretching in the case of the tiger over approximately 2000 years. The chronicling of the status of the tiger illustrates how culture and ecological conditions are intertwined. While the tiger is a focal point in this book, it is not the only ecological case analysed in considering how and why ecological conditions have altered in this part of China as a result of variations in local cultural, social and economic conditions.The basic thesis of this book is that culture dominates man-induced ecological change. Hence, little or no progress can be made in understanding ecological change without a thorough study of the way cultural factors influence attitudes to nature. It is especially important to do this at the local level, particularly in China.There are two reasons why this is a desirable approach. First, in-depth local studies can enhance understanding of the national situation. Local or regional studies can be very valuable even when their results cannot be completely transferred to other parts of the country. Secondly, Coggins argues that local people are often the final arbiters of ecological change and that nature conservation can make little progress without local support and knowledge (for example, p. 283).

Begins by considering trends in the incidence of rural poverty in China, comparing China and India. Although the incidence of rural poverty in China declined generally, such poverty is still a matter for concern, especially now that China has joined the WTO. There is concern about the possible impact of China's WTO entry on its rural poverty and its ability to adopt policies to address it. Recent international studies of such poverty in China by bodies such as the World Bank, OECD, ADB and IFPRI are outlined and reviewed critically with these economic issues in mind. The most recent study by Anderson and others suggests that China's agriculture will be forced to undertake more structural adjustment than forecast in earlier studies. The Chinese policies to deal with rural poverty will need to give increasing attention to structural adjustment support and migration from rural areas in the future. The WTO does not count such measures as a form of economic protection. In fact, a large number of measures to provide financial support to farmers, including support to poor farmers, are WTO‐exempt. As discussed these include "green box" measure, certain development measures in developing countries, and " blue box" measures. In addition, under the de minimis principle, China can provide economic protection on average of 8.5 per cent of the value of an agricultural product.

Examines the socio‐economic situation of the least developed Pacific Island nations (Solomon Islands, Vanuatu, Samoa, Tuvalu and Kiribati) and the type of economics development advice which they have been given in recent years. Suggests that this advice was based on neo‐classical models and was insensitive to the institutional and cultural backgrounds of these countries. Argues that because of the insensitivity, proposed policies may be doomed and could result in further economic hardship.

This paper has two themes. First, diversity of relevant attributes driving the dynamics of socioeconomic systems, including industrial systems'is often needed to increase their likelihood of transiting to a superior state. However, systems left to their own devices do not always evolve to states where they possess sufficient or optimal diversity for further evolution or growth to a superior state. Evolutionary market mechanisms can be of this nature. Structural adjustment policies and globalization seem to be adding to industrial and other types of uniformity. Hence, real danger exists that global industrial structures influenced by field effects will become "piled up" and reduce the likelihood of the global economic system evolving to a superior economic state. Furthermore, diversity is an important driving force in other growth processes, e.g., those adding to the stock of knowledge. Second industrial diversity of techniques and behaviors may be potentially Paretian valuable as a means of optimal adjustment to continual technological change and as a manifestation of specialization according to differences in individual abilities and in those of organizations. Insofar as attempts at benchmarking try to ensure uniform adoption of "best practice" in industry, they are likely to be doubly damaging because short‐run potential Paretian benefits are forgone, and in stifling industrial diversity they may also undermine industrial diversity as a source of future economic growth. (JEL D00, D89, O30, 014)