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Explaining Chinas Low Consumption The Neglected Role Of Household Income
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Book Synopsis Explaining China's Low Consumption by : Jahangir Aziz
Download or read book Explaining China's Low Consumption written by Jahangir Aziz and published by . This book was released on 2007 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Determinants of China’s Private Consumption by : Kai Guo
Download or read book Determinants of China’s Private Consumption written by Kai Guo and published by International Monetary Fund. This book was released on 2010-04-01 with total page 18 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper gauges the key determinants of China's private consumption in relation to GDP using data on the Chinese economy and evidence from other countries' experiences. The results suggest there is nothing "special" about consumption in China. Rather, the challenge is to explain why the conditioning variables-notably a low level of service sector employment, the level of financial sector development, and low real interest rates-are so different in China relative to other countries' historical experience. The results suggest, in particular, that efforts to further raise household income and the share of employment in the services sector, as well as to develop capital markets, including liberalizing interest rates and creating alternative savings instruments are likely to have the biggest impact on consumption. Other mechanisms to raise household income and mitigate household-specific risk (such as by improving the healthcare and pension systems) also have a role to play.
Book Synopsis China's Growing Role in World Trade by : Robert C. Feenstra
Download or read book China's Growing Role in World Trade written by Robert C. Feenstra and published by University of Chicago Press. This book was released on 2010-03-10 with total page 603 pages. Available in PDF, EPUB and Kindle. Book excerpt: In less than three decades, China has grown from playing a negligible role in international trade to being one of the world's largest exporters, a substantial importer of raw materials, intermediate outputs, and other goods, and both a recipient and source of foreign investment. Not surprisingly, China's economic dynamism has generated considerable attention and concern in the United States and beyond. While some analysts have warned of the potential pitfalls of China's rise—the loss of jobs, for example—others have highlighted the benefits of new market and investment opportunities for US firms. Bringing together an expert group of contributors, China's Growing Role in World Trade undertakes an empirical investigation of the effects of China's new status. The essays collected here provide detailed analyses of the microstructure of trade, the macroeconomic implications, sector-level issues, and foreign direct investment. This volume's careful examination of micro data in light of established economic theories clarifies a number of misconceptions, disproves some conventional wisdom, and documents data patterns that enhance our understanding of China's trade and what it may mean to the rest of the world.
Book Synopsis Cracking the China Conundrum by : Yukon Huang
Download or read book Cracking the China Conundrum written by Yukon Huang and published by Oxford University Press. This book was released on 2017 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cracking the China Conundrum provides a holistic and contrarian view of China's major economic, political, and foreign policy issues.
Book Synopsis Routledge Handbook of the Chinese Economy by : Gregory C. Chow
Download or read book Routledge Handbook of the Chinese Economy written by Gregory C. Chow and published by Routledge. This book was released on 2014-08-13 with total page 372 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's rapid rise to become the world's second largest economy has resulted in an unprecedented impact on the global system and an urgent need to understand the more about the newest economic superpower. The Routledge Handbook of the Chinese Economy is an advanced-level reference guide which surveys the current economic situation in China and its integration into the global economy. An internationally renowned line-up of scholars contribute chapters on the key components of the contemporary economy and their historical foundations. Topics covered include: the history of the Chinese economy from ancient times onwards; economic growth and development; population, the labor market, income distribution, and poverty; legal, political, and financial institutions; and foreign trade and investments. Offering a cutting-edge overview of the Chinese economy, the Handbook is an invaluable resource for academics, researchers, economists, graduate, and undergraduate students studying this ever-evolving field.
Book Synopsis China's Economy in Transition by : Mr.Anoop Singh
Download or read book China's Economy in Transition written by Mr.Anoop Singh and published by International Monetary Fund. This book was released on 2013-11-07 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's current account surplus has declined to around one-quarter the peak reached before the global financial crisis. While this is a major reduction in China's external imbalance, it has not been accompanied by a decisive shift toward consumption-based growth. Instead, the compression in its external surplus has been accomplished through increasing fixed investment so that it is now an even higher share of China's national economy. This increasing reliance on fixed investment as the main driver of China's growth raises questions about the durability of the compression in the external surplus and the sustainability of the current growth model that has had unprecedented success in lifting about 500 million people out of poverty over the last three decades. This volume examines various aspects of the rebalancing process underway in China, highlighting policy lessons for achieving stable, sustainable, and inclusive growth.
Download or read book Zombie Capitalism written by Chris Harman and published by Haymarket Books. This book was released on 2010 with total page 426 pages. Available in PDF, EPUB and Kindle. Book excerpt: We've been told for years that the capitalist free market is a self-correcting perpetual growth machine in which sellers always find buyers, precluding any major crisis in the system. Then the credit crunch of August 2007 turned into the great crash of September–October 2008, leading one apologist for the system, Willem Buiter, to write of "the end of capitalism as we knew it." As the crisis unfolded, the world witnessed the way in which the runaway speculation of the "shadow" banking system wreaked havoc on world markets, leaving real human devastation in its wake. Faced with the financial crisis, some economic commentators began to talk of "zombie banks"–financial institutions that were in an "undead state" and incapable of fulfilling any positive function but a threat to everything else. What they do not realize is that twenty-first century capitalism as a whole is a zombie system, seemingly dead when it comes to achieving human goals.
Book Synopsis China's Emerging Middle Class by : Cheng Li
Download or read book China's Emerging Middle Class written by Cheng Li and published by Rowman & Littlefield. This book was released on 2010-10-01 with total page 417 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rapid emergence and explosive growth of China's middle class have enormous consequences for that nation's domestic future, for the global economy, and for the whole world. In China's Emerging Middle Class, noted scholar Cheng Li and a team of experts focus on the sociopolitical ramifications of the birth and growth of the Chinese middle class over the past two decades. The contributors, from diverse disciplines and different regions, examine the development and evolution of China's middle class from a variety of analytical perspectives. What is its educational and occupational makeup? Are its members united by a common identity—by a shared political vision and worldview? How does the Chinese middle class compare with its counterparts in other countries? The contributors shed light on these and many other issues pertaining to the rapid rise of the middle class in the Middle Kingdom. Contributors: Jie Chen (Old Dominion University), Deborah Davis (Yale University), Bruce J. Dickson (George Washington University), Geoffrey Gertz (Brookings), Han Sang-Jin (Seoul National University), Hsin-Huang Michael Hsiao (National Taiwan University), Homi Kharas (Brookings), Li Chunling (Chinese Academy of Social Sciences), Jing Lin (University of Maryland–College Park), Sida Liu (University of Wisconsin– Madison), Lu Hanlong (Shanghai Academy of Social Sciences), Joyce Yanyun Man (Peking University–Lincoln Center), Ethan Michelson (Indiana University–Bloomington), Qin Chen (Hohai University), Xiaoyan Sun (Beijing Foreign Studies University), Luigi Tomba (Australian National University), Jianying Wang (Yale University), and Zhou Xiaohong (Nanjing University).
Book Synopsis The Open Society and its Enemies in East Asia by : Gregory G. C. Moore
Download or read book The Open Society and its Enemies in East Asia written by Gregory G. C. Moore and published by Routledge. This book was released on 2014-04-16 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: The ideas contained in Karl Popper’s The Open Society and Its Enemies—one of the most important tracts in political philosophy in the twentieth century—are relevant to anyone seeking to understand the recent history of the East Asian economies. Even though Popper wrote his tract to provide an explanation for both the rise and objectionable nature of totalitarian regimes in Europe in the twentieth century, many of the arguments that he advanced in this European context also explain the social, political and economic relationships that are seen in modern South Eastern Asian economies. The narrative of this book is driven by a research agenda that is inter-disciplinary in nature, since to make the link between the Popperian framework and East Asian socio-economic relationships the contributing authors needed to draw upon research fields as far apart as political philosophy and East-Asian studies. With one or two exceptions, however, nearly all of the contributing authors have a background in economics, and this background is reflected in the way that they have sought to tackle the research question. This book is, in short, an inter-disciplinary exercise undertaken from an economics perspective, and hence it may best be described as an exercise in political economy rather than pure analytical economics. The novelty of juxtaposing Popperian ideas with a discussion of social, political and economic development in South East Asia makes this narrative of interest to both political philosophers and specialists in South East Asian economies. The key insight drawn from the analysis is that although Karl Popper’s The Open Society and Its Enemies was a product of a European time and place, it is also relevant to anyone seeking to understand the recent history of the East Asian economies.
Book Synopsis The Evolving Role of China in the Global Economy by : Yin-Wong Cheung
Download or read book The Evolving Role of China in the Global Economy written by Yin-Wong Cheung and published by MIT Press. This book was released on 2013 with total page 473 pages. Available in PDF, EPUB and Kindle. Book excerpt: China is now the world's second largest economy and may soon overtake the United States as the world's largest. This book offers a systematic analysis of four factors in China's rapid economic growth: exchange rate policy, savings and investment, monetary policy and capital controls, and foreign direct investment.
Book Synopsis Sino-Latin American Economic Relations by : K.C. Fung
Download or read book Sino-Latin American Economic Relations written by K.C. Fung and published by Routledge. This book was released on 2012-01-30 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book analyses the economic and policy relationships between China and Latin America. Key issues covered by the contributors include international trade and direct investment, empirical analysis of the complementary and intra-industry trade nature of Latin American and Chinese trade, the comparison of the production and trade of parts and components in East Asia and in Latin America and an examination of policy issues such as policies towards small and medium sized enterprises as well as pension reforms.
Book Synopsis Economic Policies, Governance and the New Economics by : P. Arestis
Download or read book Economic Policies, Governance and the New Economics written by P. Arestis and published by Springer. This book was released on 2013-10-21 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume concentrates on international issues that relate to economic policies and governance. It is essential reading for all postgraduates and scholars looking for expert discussion and debate of the issues surrounding the case for new economic policies at the global level.
Book Synopsis China's Economy In Transformation Under The New Normal by : Sarah Yueting Tong
Download or read book China's Economy In Transformation Under The New Normal written by Sarah Yueting Tong and published by #N/A. This book was released on 2017-07-07 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the recent development and prospect of the Chinese economy as the country adapts to changing domestic and external settings. After more than three decades of near double-digit annual expansion, the country's growth decelerated considerably to enter a new era of the so-called New Normal.At the macro level, considerable amount of overhaul is required to improve governance and enhance regulatory effectiveness. These include monetary policy adjustment, financial sector development and taxation reforms.As the Chinese government at both the central and local levels plays an important role in promoting growth, issues such as the role of local government and the reform of state-owned enterprises are examined in this book. Topics such as the development of private consumption and industrial upgrading are also assessed. The book discusses several matters considered important to China's social and economic cohesion including the management of agricultural product reserves, the development of a functioning social security system and regional development. To help project a long-term view of China's economic strength, the book also examines such factors as development in population and the labour market.This book provides a comprehensive analysis of China's economy and identifies the recent developments that matter to China's economic future.
Book Synopsis India’s Road to Transformation: Why Leadership Matters by : Dr. Jagdish Sheth
Download or read book India’s Road to Transformation: Why Leadership Matters written by Dr. Jagdish Sheth and published by Vibrant Publishers. This book was released on 2024-03-19 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: India’s Road to Transformation: Why Leadership Matters describes the critical role of political leadership in India which began post-independence until this present age. Since India’s independence from Britain in 1947, it has been governed by 14 prime ministers, some of whom contributed immensely to its socio-economic development than others. The book shows how using Mahatma Gandhi’s unifying philosophy to rally all Indian people together, great prime ministers such as Jawaharlal Nehru, Indira Gandhi, Atal Bihari Vajpayee, Manmohan Singh, and now Narendra Modi have channeled their energy, power, and political influence to significantly improve the livelihood of the Indian people through their economic and social transformative agendas. India’s Road to Transformation: Why Leadership Matters is not your typical history book about India; it is a well-researched and neatly documented role of leadership for India’s development, joining the historical dots of socio-economic successes achieved by each predominant Indian government since 1947. By reading this well-prepared book, you will discover: l. The historical values and structures of India and how they changed over time due to varying political processes and internal strife. ii. India’s diversification of its economic activities from an agrarian community to a merchant/trade society and now to a technologically advanced, modern country. iii. The transformative actions/steps taken by some prominent Indian leaders, from Nehru to Modi, learning how their timely and effective socio-economic programs saved India from collapsing. iv. Some comparative economic yardsticks between India, China, Japan, and the Southeast Asian nations. v. Important suggestions from the authors of this book about how India can sustain its current growth rate and eventually become a superpower such as the US and China.
Book Synopsis The Chinese Economy by : Masahiko Aoki
Download or read book The Chinese Economy written by Masahiko Aoki and published by Springer. This book was released on 2016-04-30 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: China has enjoyed a higher growth rate for a longer period than any other nation to date. This volume brings together leading economists to analyse this unprecedented economic boom, and discuss prospects for the future. Chapters address a wide range of issues, covering not only financial systems, but also the social and cultural impact of growth.
Book Synopsis Transforming the Chinese Economy by : Fang Cai
Download or read book Transforming the Chinese Economy written by Fang Cai and published by BRILL. This book was released on 2010-05-31 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: Transforming the Chinese Economy is a translated collection of articles providing a look at how scholars in China have been assessing their country's recent economic history, and as such, does not simply provide information for the direct study of economic issues, but also for meta-level analysis of the interplay of China's policy, scholarship, and economy.
Book Synopsis Finance & Development, March 2007 by : International Monetary Fund. External Relations Dept.
Download or read book Finance & Development, March 2007 written by International Monetary Fund. External Relations Dept. and published by International Monetary Fund. This book was released on 2007-03-19 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Two Faces of Financial Globalization looks at the phenomenon of rising cross-border financial flows-credited with boosting growth in developing countries but also blamed for the emerging market crises of the late 1980s and 1990s. The lead article puts together a framework for analyzing studies about the costs and benefits of financial globalization. Other articles look at the worldwide allocation of capital, the role of finance in macroeconomic management, and changes in the investor base. "Picture This" illustrates the growth and direction of capital flows. One guest contributor describes India's capital account liberalization, and another looks at how participants in international finance can cope with a fluid financial landscape. "People in Economics" profiles Guillermo Calvo; "Back to Basics" explains the difference between the purchasing power parity exchange rate and market exchange rates as measures of global economic growth; and "Country Focus" spotlights Australia.