China at the Threshold of a Market Economy

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Author :
Publisher : International Monetary Fund
ISBN 13 : 9781557753496
Total Pages : 104 pages
Book Rating : 4.7/5 (534 download)

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Book Synopsis China at the Threshold of a Market Economy by : Mr.Michael W. Bell

Download or read book China at the Threshold of a Market Economy written by Mr.Michael W. Bell and published by International Monetary Fund. This book was released on 1993-06-16 with total page 104 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews China's experience with market-oriented reform since 1978, including domestic reforms, the opening of the economy to foreign trade and investment, and the decentralization of decision making. It identifies special conditions that may have affected China's capacity to implement reforms, assesses the impact of the reforms on the structure of the economy and on its integration into the world economy, examines the effect of the reforms on macroeconomic management and stability, and draws implications for the direction of China's future reform strategy.

The Making of an Economic Superpower

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Author :
Publisher : World Scientific
ISBN 13 : 9814733741
Total Pages : 336 pages
Book Rating : 4.8/5 (147 download)

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Book Synopsis The Making of an Economic Superpower by : Yi Wen

Download or read book The Making of an Economic Superpower written by Yi Wen and published by World Scientific. This book was released on 2016-05-13 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rise of China is no doubt one of the most important events in world economic history since the Industrial Revolution. Mainstream economics, especially the institutional theory of economic development based on a dichotomy of extractive vs. inclusive political institutions, is highly inadequate in explaining China's rise. This book argues that only a radical reinterpretation of the history of the Industrial Revolution and the rise of the West (as incorrectly portrayed by the institutional theory) can fully explain China's growth miracle and why the determined rise of China is unstoppable despite its current "backward" financial system and political institutions. Conversely, China's spectacular and rapid transformation from an impoverished agrarian society to a formidable industrial superpower sheds considerable light on the fundamental shortcomings of the institutional theory and mainstream "blackboard" economic models, and provides more-accurate reevaluations of historical episodes such as Africa's enduring poverty trap despite radical political and economic reforms, Latin America's lost decades and frequent debt crises, 19th century Europe's great escape from the Malthusian trap, and the Industrial Revolution itself. Contents: IntroductionKey Steps Taken by China to Set Off an Industrial RevolutionShedding Light on the Nature and Cause of the Industrial RevolutionWhy is China's Rise Unstoppable?Wha's Wrong with the Washington Consensus and the Institutional Theories?Case Study of Yong Lian: A Poor Village's Path to Becoming a Modern Steel TownConclusion: A New Stage Theory of Economic Development Readership: Academics, undergraduate and graduates students, journalists and professionals interested in economic development, the history of the Industrial Revolution, and especially China's economic transformation and industrial growth, as well as the political economy of governance.

China's Long March Toward a Market Economy

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Author :
Publisher : LONG RIVER PRESS
ISBN 13 : 9781592650637
Total Pages : 326 pages
Book Rating : 4.6/5 (56 download)

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Book Synopsis China's Long March Toward a Market Economy by : Jinglian Wu

Download or read book China's Long March Toward a Market Economy written by Jinglian Wu and published by LONG RIVER PRESS. This book was released on 2005 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: International interest in China is increasing. Not surprisingly, China-related news is hitting the headlines of leading international media. This is well grounded, given the fact that China is the largest developing country in the world with almost a quarter of the world's population. However, many reports on China are self-contradictory, which again reveals the complexities of a nation that has experienced dramatic change for over a century. For the outsider, it is virtually impossible to follow China's overriding trends of change without understanding its past and present. This book provides a chronological record of the major changes that have taken place in the Chinese economy over the past five decades.

China

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Author :
Publisher : Oxford University Press, USA
ISBN 13 :
Total Pages : 256 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis China by : C. H. Chai

Download or read book China written by C. H. Chai and published by Oxford University Press, USA. This book was released on 1997 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: The starting-point of Dr Chai's analysis is a careful examination of the structural elements of China's new economic system, focusing particularly on the decentralization of property rights in both the agricultural and industrial sectors. There follows a detailed analysis of changes in the functional elements of the system: its price and financial mechanisms. An assessment of the open-door policy also considers the twin impact of the liberalization of China's foreign trade and foreign investment regimes. Finally, China: Transition to a Market Economy highlights the increasingly important role of the non-state sector in facilitating economic growth and structural transformation.

China's Economic Rise

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Author :
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781976466953
Total Pages : 52 pages
Book Rating : 4.4/5 (669 download)

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Book Synopsis China's Economic Rise by : Congressional Research Service

Download or read book China's Economic Rise written by Congressional Research Service and published by Createspace Independent Publishing Platform. This book was released on 2017-09-17 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prior to the initiation of economic reforms and trade liberalization 36 years ago, China maintained policies that kept the economy very poor, stagnant, centrally-controlled, vastly inefficient, and relatively isolated from the global economy. Since opening up to foreign trade and investment and implementing free market reforms in 1979, China has been among the world's fastest-growing economies, with real annual gross domestic product (GDP) growth averaging nearly 10% through 2016. In recent years, China has emerged as a major global economic power. It is now the world's largest economy (on a purchasing power parity basis), manufacturer, merchandise trader, and holder of foreign exchange reserves.The global economic crisis that began in 2008 greatly affected China's economy. China's exports, imports, and foreign direct investment (FDI) inflows declined, GDP growth slowed, and millions of Chinese workers reportedly lost their jobs. The Chinese government responded by implementing a $586 billion economic stimulus package and loosening monetary policies to increase bank lending. Such policies enabled China to effectively weather the effects of the sharp global fall in demand for Chinese products, but may have contributed to overcapacity in several industries and increased debt by Chinese firms and local government. China's economy has slowed in recent years. Real GDP growth has slowed in each of the past six years, dropping from 10.6% in 2010 to 6.7% in 2016, and is projected to slow to 5.7% by 2022.The Chinese government has attempted to steer the economy to a "new normal" of slower, but more stable and sustainable, economic growth. Yet, concerns have deepened in recent years over the health of the Chinese economy. On August 11, 2015, the Chinese government announced that the daily reference rate of the renminbi (RMB) would become more "market-oriented." Over the next three days, the RMB depreciated against the dollar and led to charges that China's goal was to boost exports to help stimulate the economy (which some suspect is in worse shape than indicated by official Chinese economic statistics). Concerns over the state of the Chinese economy appear to have often contributed to volatility in global stock indexes in recent years.The ability of China to maintain a rapidly growing economy in the long run will likely depend largely on the ability of the Chinese government to implement comprehensive economic reforms that more quickly hasten China's transition to a free market economy; rebalance the Chinese economy by making consumer demand, rather than exporting and fixed investment, the main engine of economic growth; boost productivity and innovation; address growing income disparities; and enhance environmental protection. The Chinese government has acknowledged that its current economic growth model needs to be altered and has announced several initiatives to address various economic challenges. In November 2013, the Communist Party of China held the Third Plenum of its 18th Party Congress, which outlined a number of broad policy reforms to boost competition and economic efficiency. For example, the communique stated that the market would now play a "decisive" role in allocating resources in the economy. At the same time, however, the communique emphasized the continued important role of the state sector in China's economy. In addition, many foreign firms have complained that the business climate in China has worsened in recent years. Thus, it remains unclear how committed the Chinese government is to implementing new comprehensive economic reforms.China's economic rise has significant implications for the United States and hence is of major interest to Congress. This report provides background on China's economic rise; describes its current economic structure; identifies the challenges China faces to maintain economic growth; and discusses the challenges, opportunities, and implications of China's economic rise.

Institutional Change And China Capitalism: Frontier Of Cliometrics And Its Application To China

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Author :
Publisher : World Scientific
ISBN 13 : 1800611242
Total Pages : 384 pages
Book Rating : 4.8/5 (6 download)

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Book Synopsis Institutional Change And China Capitalism: Frontier Of Cliometrics And Its Application To China by : Antoine Le Riche

Download or read book Institutional Change And China Capitalism: Frontier Of Cliometrics And Its Application To China written by Antoine Le Riche and published by World Scientific. This book was released on 2022-03-11 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited volume is based on original essays first presented at seminars in complexity economics, Sichuan University, China, in November 2018 and May 2019, and at the 12th International Conference on the Chinese Economy, University of Clermont-Ferrand, France, in October 2019. It also includes three contributions written especially for this volume. This research benefited from three French grants 'Hubert Curien Research Fellowship' (Program Campus France 2019, 2020, 2021). All chapters assess the recent take-off of the Chinese economy from a historical perspective, enlarging the economic evidence that China's capitalism is a matter of institutional revolution.Institutional Change and China Capitalism aims to provide a radically new view of the rise of Chinese capitalism by drawing on recent developments in cliometrics and complexity economics, macroeconomic dynamics, network analysis and behavioral finance to illustrate the various facets of China's transition to capitalism. The chapters within innovate the study of China's take-off using the frontier of research in institutional cliometrics and complexity economics. Thus, the book is structured in three sections that seek to address — empirically, theoretically, and in terms of network structure, the profound institutional change that led China to progressively adopt capitalism.Together these papers attest to the vitality of current research in cliometrics and complexity economics.

Economic Growth and Development in China

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Author :
Publisher : GRIN Verlag
ISBN 13 : 3640510755
Total Pages : 18 pages
Book Rating : 4.6/5 (45 download)

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Book Synopsis Economic Growth and Development in China by : Vivien Gröning

Download or read book Economic Growth and Development in China written by Vivien Gröning and published by GRIN Verlag. This book was released on 2010-01-15 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2006 in the subject Business economics - Miscellaneous, University of Hamburg, language: English, abstract: If the need for a „Big Push“ survives in an economy that is open to international trade and capital movements, or if openness to trade and capital movements is sufficient to overcome all poverty traps, these questions have daunted development economics since its inception (Jaime et al. 1997). In the last two hundred years, every country with high development and productivity rates has industrialised. While in the eighteens century Britain, and in the twenties century Korea and Japan grew rich, other countries remained poor. One of the discussed causes for this underdevelopment might be the small domestic market. While the idea started with Rosenstein-Rodan (1943)1, who thought the solution would be aid and investment programs, since the 1960s advocates tend to the Idea that openness of the economy resolve the problem of a small domestic market. The theory is that openness would induce an export-led „Big Push“ in terms of simultaneous growth over different sectors (Murphy et al.1989, p.1003). In the current discussion the „Big Push“ induced by aid has its comeback in the Millennium Development Goals from the UN (Easterly 2005, p.3). The focus of this paper is on the East Asian countries, where the export-promotion-policy had had an important role. But Trindade (2005, p.41) was the first author who interpreted the coordination-problem as solvable with solely export-promotion, because of the naturally coordination effect of exports (Asche, 2005, p.24 gloss 28). So the question is not if exports are good for an economy, but if exports can induce a „Big Push“ and thus making aid superfluously.

China in the New Millennium

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Author :
Publisher : Cato Institute
ISBN 13 : 9781882577613
Total Pages : 438 pages
Book Rating : 4.5/5 (776 download)

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Book Synopsis China in the New Millennium by : James A. Dorn

Download or read book China in the New Millennium written by James A. Dorn and published by Cato Institute. This book was released on 1998 with total page 438 pages. Available in PDF, EPUB and Kindle. Book excerpt: China is expected to become the world's largest economy in less than two decades. Whether it does so will depend on continued growth of the non-state sector and how well China adapts to global market forces. The essays in this volume consider the state of China's economic reforms, the institutional changes necessary for China to become a global economic power, and the interplay between market reforms and social development in China.

Transforming Economic Growth and China’s Industrial Upgrading

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Author :
Publisher : Springer
ISBN 13 : 9811309620
Total Pages : 196 pages
Book Rating : 4.8/5 (113 download)

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Book Synopsis Transforming Economic Growth and China’s Industrial Upgrading by : Qizi Zhang

Download or read book Transforming Economic Growth and China’s Industrial Upgrading written by Qizi Zhang and published by Springer. This book was released on 2018-09-01 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines suitable approaches to and makes policy suggestions on China’s industrial upgrading according to the requirements of the transformation of economic growth. It is divided into two major parts, the first of which provides an in-depth analysis of the impact that transforming economic growth will have on industrial development, particular regarding export policy adjustments, the rise of labor wages, and the development of a low-carbon economy, offering valuable insights into the difficulties entailed by the transformation process. In turn, Part II discusses the paths chosen for China’s industrial upgrading, examines its past failures and current orientation, and puts forward corresponding policy suggestions for the future.

Understanding China's Socialist Market Economy

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Author :
Publisher :
ISBN 13 :
Total Pages : 124 pages
Book Rating : 4.:/5 (39 download)

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Book Synopsis Understanding China's Socialist Market Economy by : John Wong

Download or read book Understanding China's Socialist Market Economy written by John Wong and published by . This book was released on 1993 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Development Centre Seminars Different Paths to a Market Economy: China and European Economies in Transition

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Author :
Publisher : OECD Publishing
ISBN 13 : 9264163018
Total Pages : 204 pages
Book Rating : 4.2/5 (641 download)

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Book Synopsis Development Centre Seminars Different Paths to a Market Economy: China and European Economies in Transition by : Centre d’Etudes Prospectives et d’Informations Internationales

Download or read book Development Centre Seminars Different Paths to a Market Economy: China and European Economies in Transition written by Centre d’Etudes Prospectives et d’Informations Internationales and published by OECD Publishing. This book was released on 1998-09-06 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: The similarities and differences between the transition experiences of the Central European countries and the People's Republic of China are often, wrongly, taken as alternative approaches to the same problem. In reality, there is great complexity ...

China's Transition to a Socialist Market Economy

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Author :
Publisher : Greenwood Publishing Group
ISBN 13 :
Total Pages : 232 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis China's Transition to a Socialist Market Economy by : Mohamed Osman Suliman

Download or read book China's Transition to a Socialist Market Economy written by Mohamed Osman Suliman and published by Greenwood Publishing Group. This book was released on 1998 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt:

China: Surpassing the “Middle Income Trap”

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Author :
Publisher : Palgrave Macmillan
ISBN 13 : 9789811565397
Total Pages : 218 pages
Book Rating : 4.5/5 (653 download)

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Book Synopsis China: Surpassing the “Middle Income Trap” by : Shaojie Zhou

Download or read book China: Surpassing the “Middle Income Trap” written by Shaojie Zhou and published by Palgrave Macmillan. This book was released on 2020-10-06 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book explores one of the most fiercely debated issues in China: if and how China will surpass the middle income trap that has plagued many developing countries for years. This book gives readers a clear picture of China today and acts as a reference for other developing countries. China is facing many setbacks and experiencing an economic slowdown in recent years due to some serious issues, and income inequality is one such issue deferring China’s development potential by creating a middle income trap. This book thoroughly investigates both the unpromising factors and favorable conditions for China to overcome the trap. It illustrates that traps may be encountered at any stage of development and argues that political stability is the prerequisite to creating a favorable environment for economic development and addressing this “middle income trap”. Written by one of China's central planners, this book offers precious insights into the industrial policies that are transforming China and the world and will be of interest to China scholars, economists and political scientists.

The Market Economy and China

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Author :
Publisher :
ISBN 13 :
Total Pages : 440 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The Market Economy and China by : Shangquan Gao

Download or read book The Market Economy and China written by Shangquan Gao and published by . This book was released on 1999 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Threshold

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Author :
Publisher :
ISBN 13 :
Total Pages : 296 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis The Threshold by : Fulin Chi

Download or read book The Threshold written by Fulin Chi and published by . This book was released on 2006 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Law and the Market Economy in China

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Author :
Publisher : Routledge
ISBN 13 : 1351560689
Total Pages : 541 pages
Book Rating : 4.3/5 (515 download)

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Book Synopsis Law and the Market Economy in China by : Perry Keller

Download or read book Law and the Market Economy in China written by Perry Keller and published by Routledge. This book was released on 2017-07-05 with total page 541 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume concerns several aspects of China's changing market based economy. These include commercial contract enforcement, corporate structures, competition law and other issues related to China's membership in the WTO. In the past two decades, the rapid integration of China's economy into the global marketplace has created obligations and expectations of non-discrimination and regulatory transparency in domestic markets. The Chinese government has responded by demanding better governance within major companies, market sectors and public administration generally. However, as the articles in this volume show, it has struggled to find a corporate structure capable of absorbing external equity investment and participation but still amenable to direct and indirect state guidance. It has also moved cautiously in creating legal controls over unfair competition. Moreover, the protection of state owned enterprises, which serve as vehicles for domestic economic, social and political policy, has been a recurring issue in China's WTO trade disputes.

Understanding China's Economic Performance

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Author :
Publisher :
ISBN 13 :
Total Pages : 74 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Understanding China's Economic Performance by : Jeffrey Sachs

Download or read book Understanding China's Economic Performance written by Jeffrey Sachs and published by . This book was released on 1997 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: Broadly speaking, two schools of thought have emerged to interpret China's rapid growth since 1978:the experimentalist school and the convergence school. The experimentalist school attributes China's successes to the evolutionary, experimental, and incremental nature of China's reforms. Specifically, the resulting non-capitalist institutions are said to be successful in (a) agri- culture where land is not owned by the farmers; (b) township and village en- terprises (TVEs) which are owned collectively by rural communities; and (c) state owned enterprises (SOEs) where increased competition and increased wage incentive, not privatization, have been emphasized. The convergence school holds that China's successes are the result of its institutions being allowed to converge with those of non-socialist market economies, and that China's economic structure at the start of reforms is a major reason for the fast growth. China had a high population density heavily concentrated in low-wage agriculture which was favorable for labor-intensive export-led growth in other parts of East Asia. The convergence school also holds that China's gradualism results mainly from a lack of consensus over the proper course, with power divided between market reformers and old-style socialists; and that the 'inno- ative economic circumstances. Perhaps the best test of the two approaches is whether China's policy choices are in fact leading to institutions harmonized with normal market economies or to more distinctive innovations. The recent policy trend has been towards institutional harmonization rather than institutional innovation, suggesting that the government accepts that the ingredients for a dynamic market economy are already well-known.