Governing Rapid Growth in China

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Author :
Publisher : Routledge
ISBN 13 : 1135972311
Total Pages : 531 pages
Book Rating : 4.1/5 (359 download)

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Book Synopsis Governing Rapid Growth in China by : Ravi Kanbur

Download or read book Governing Rapid Growth in China written by Ravi Kanbur and published by Routledge. This book was released on 2009-04-15 with total page 531 pages. Available in PDF, EPUB and Kindle. Book excerpt: After three decades of spectacular economic growth in China, the problem is no longer how to achieve growth, but how to manage its consequences and how to sustain it. The most important consequence, at least as far as Chinese policy makers are concerned, is the rapidly growing inequality, between persons, between rural and urban areas, and between inland and coastal regions. At the same time, the institutions that have brought rapid growth so far are now under stress, and there is a need to reform and innovate on this front in order to sustain rapid growth, and to have growth with equity. The analytical literature has responded to the emerging policy problems by specifying and quantifying their magnitude, understanding their nature, and proposing policy approaches and solutions. Policy makers have also been looking to analysts for interaction and assistance. This volume brings together a collection of the best available analyses of China’s problems in governing rapid growth, focusing on equity and institutions. Contributions include perspectives from leading policy makers who were intimately involved in the reform process, and from leading academics in articles published in top peer reviewed journals.

China 2049

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Author :
Publisher : Brookings Institution Press
ISBN 13 : 0815738064
Total Pages : 444 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis China 2049 by : David Dollar

Download or read book China 2049 written by David Dollar and published by Brookings Institution Press. This book was released on 2020-06-09 with total page 444 pages. Available in PDF, EPUB and Kindle. Book excerpt: How will China reform its economy as it aspires to become the next economic superpower? It's clear that China is the world's next economic superpower. But what isn't so clear is how China will get there by the middle of this century. It now faces tremendous challenges such as fostering innovation, dealing with ageing problem and coping with a less accommodative global environment. In this book, economists from China's leading university and America's best-known think tank offer in depth analyses of these challenges. Does China have enough talent and right policy and institutional mix to transit from input-driven to innovation-driven economy? What does ageing mean, in terms of labor supply, consumption demand and social welfare expenditure? Can China contain the environmental and climate change risks? How should the financial system be transformed in order to continuously support economic growth and keep financial risks under control? What fiscal reforms are required in order to balance between economic efficiency and social harmony? What roles should the state-owned enterprises play in the future Chinese economy? In addition, how will technological competition between the United States and China affect each country's development? Will the Chinese yuan emerge as a major reserve currency, and would this destabilize the international financial system? What will be China's role in the international economic institutions? And will the United States and other established powers accept a growing role for China and the rest of the developing world in the governance of global institutions such as the World Trade Organization and the International Monetary Fund, or will the world devolve into competing blocs? This book provides unique insights into independent analyses and policy recommendations by a group of top Chinese and American scholars. Whether China succeeds or fails in economic reform will have a large impact, not just on China's development, but also on stability and prosperity for the whole world.

China

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Author :
Publisher : World Scientific
ISBN 13 : 9814425834
Total Pages : 556 pages
Book Rating : 4.8/5 (144 download)

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Book Synopsis China by : Gungwu Wang

Download or read book China written by Gungwu Wang and published by World Scientific. This book was released on 2013 with total page 556 pages. Available in PDF, EPUB and Kindle. Book excerpt: China has achieved significant socio-economic progress and has become a key player on the international stage after several decades of open-door and reform policy. Looking beyond China's transformation, this book focusses on the theme of governance which is widely regarded as the next most critical element to ensure that China's growth remains sustainable.Today, China is confronted with a host of pressing challenges that call for urgent attention. These include the need to rebalance and restructure the economy, the widening income gaps, the poor integration of migrant populations in the urban areas, insufficient public housing and healthcare coverage, the seeming lack of political reforms and the degree of environmental degradation. In the foreign policy arena, China is likewise under pressure to do more to address global concerns while not appearing to be overly aggressive. The next steps that China takes would have a great deal to do with governance, in terms of how it tackles or fails to address the myriad of challenges, both domestic and foreign.China: Development and Governance, with 57 short chapters in total, is based on up-to-date scholarly research written in a readable and concise style. Besides China's domestic developments, it also covers China's external relations with the United States, Japan, Korea and Taiwan. Non-specialists, in particular, should find this volume accessible and useful in keeping up with fast-changing developments in East Asia.

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.

Incentivized Development in China

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Author :
Publisher :
ISBN 13 : 9781316869116
Total Pages : pages
Book Rating : 4.8/5 (691 download)

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Book Synopsis Incentivized Development in China by : David Janoff Bulman

Download or read book Incentivized Development in China written by David Janoff Bulman and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "China's economy, as a whole, has developed rapidly over the past 35 years, and yet its richest county is over 100 times richer in per capita terms than its poorest county. To explain this vast variation in development, David J. Bulman investigates the political foundations of local economic growth in China, focusing on the institutional and economic roles of county-level leaders and the career incentives that shape their behaviour. Through a close examination of six counties complemented by unique nation-wide data, he presents and explores two related questions: what is the role of County Party Secretaries in determining local governance and growth outcomes? And why do County Party Secretaries emphasize particular developmental priorities? Suitable for scholars of political economy, development economics, and comparative politics, this original study analyzes the relationship between political institutions, local governance, and leadership roles within Chinese government to explain the growing divergence in economic development between counties"--

Governing Rapid Growth in China

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Author :
Publisher : Routledge
ISBN 13 : 113597232X
Total Pages : 401 pages
Book Rating : 4.1/5 (359 download)

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Book Synopsis Governing Rapid Growth in China by : Ravi Kanbur

Download or read book Governing Rapid Growth in China written by Ravi Kanbur and published by Routledge. This book was released on 2009-04-15 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume brings together a collection of the best available analyses of China’s problems in governing rapid growth, focusing on equity and institutions, from well respected Chinese and non-Chinese scholars.

Making Of An Economic Superpower, The: Unlocking China's Secret Of Rapid Industrialization

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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 Making Of An Economic Superpower, The: Unlocking China's Secret Of Rapid Industrialization by : Yi Wen

Download or read book Making Of An Economic Superpower, The: Unlocking China's Secret Of Rapid Industrialization 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.

40 Years of Reform and Opening-up

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Author :
Publisher : Springer Nature
ISBN 13 : 9811662142
Total Pages : 153 pages
Book Rating : 4.8/5 (116 download)

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Book Synopsis 40 Years of Reform and Opening-up by : Chaoyang Wang

Download or read book 40 Years of Reform and Opening-up written by Chaoyang Wang and published by Springer Nature. This book was released on 2022-12-15 with total page 153 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book consists of studies on China’s economic development since China carried out the reform and opening-up strategy, including China’s economic restructuring, economic operational mechanism, socialist market economy, inflation, the reform of the urban housing system, the economic impact of WTO entry, the future potential growth rate, global economic governance, structural fiscal and taxation reforms, the rapid growth of China’s financial industry, and more. These studies explores China’s successful experience of economic growth in the past and will shed some light on China’s economic development in the future, providing value to economists and Chinese scholars.

Incentivized Development in China

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Author :
Publisher : Cambridge University Press
ISBN 13 : 1316867498
Total Pages : 285 pages
Book Rating : 4.3/5 (168 download)

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Book Synopsis Incentivized Development in China by : David J. Bulman

Download or read book Incentivized Development in China written by David J. Bulman and published by Cambridge University Press. This book was released on 2016-10-18 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's economy, as a whole, has developed rapidly over the past 35 years, and yet its richest county is over 100 times richer in per capita terms than its poorest county. To explain this vast variation in development, David J. Bulman investigates the political foundations of local economic growth in China, focusing on the institutional and economic roles of county-level leaders and the career incentives that shape their behaviour. Through a close examination of six counties complemented by unique nation-wide data, he presents and explores two related questions: what is the role of County Party Secretaries in determining local governance and growth outcomes? And why do County Party Secretaries emphasize particular developmental priorities? Suitable for scholars of political economy, development economics, and comparative politics, this original study analyzes the relationship between political institutions, local governance, and leadership roles within Chinese government to explain the growing divergence in economic development between counties.

China’s State Enterprises

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Publisher : Springer
ISBN 13 : 981130176X
Total Pages : 232 pages
Book Rating : 4.8/5 (113 download)

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Book Synopsis China’s State Enterprises by : Ran Li

Download or read book China’s State Enterprises written by Ran Li and published by Springer. This book was released on 2018-06-27 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book focuses on the nature and significance of China’s state enterprises which have undergone substantial changes since China’s economic liberalization in 1978. It argues that much of the criticism is based on mistaken premises, where even the term ‘state-owned enterprises’ is a misnomer given that the emphasis is much less on ownership than on control. Using numerous case studies, this book highlights the extent to which these enterprises have evolved in response to reforms, and provides an in-depth analysis of their role in China’s outward investment strategy in the “Belt and Road” initiative. This role speaks to their growing influence as China expands her global footprint.

State, Market, and Bureau-contracting in Reform China

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Author :
Publisher : Stanford University
ISBN 13 :
Total Pages : 177 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis State, Market, and Bureau-contracting in Reform China by : Yuen Yuen Ang

Download or read book State, Market, and Bureau-contracting in Reform China written by Yuen Yuen Ang and published by Stanford University. This book was released on 2009 with total page 177 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why and how has China succeeded as a developmental state despite a seemingly rents-ridden bureaucracy? Following conventional wisdom, "Weberian" bureaucracies are an institutional precondition for development, especially in interventionist states like China. However, my research finds that China's fast-growing economy has not been governed by a purely salaried civil service. Instead, Chinese bureaucracies still remain partially prebendal; at every level of government, each office systematically appropriates authority to generate income for itself. My study unravels the paradox of "developmentalism without Weberianness" by illuminating China's unique path of bureaucratic adaptation in the reform era -- labeled as bureau-contracting -- where contracting takes place within the state bureaucracy. In a bureau-contracting structure, the state at each level contracts the tasks of governance to its own bureaucracies, assigning them revenue-making privileges and property rights over income earned in exchange for services rendered. Contrasting previous emphases on the prevalence of illicit corruption in China, my study shows how and why bureaucracies in this context are actually authorized by the state to profit from public office. Specifically, I identify two factors that constrain arbitrary and excessively predatory behavior among Chinese bureaucracies: first, mechanisms of rents management, and second, the mediation of narrow departmental interests by local developmental incentives. In short, I argue that it is the combination of an incentive-compatible fiscal design and increasingly sophisticated instruments of oversight that have sustained an otherwise unorthodox structure of governance in China. In a phrase, bureau-contracting presents a high-powered but opportunistic alternative to the Weberian ideal-type. The Chinese experience suggests that "market-compatible" bureaucratic institutions need not necessarily conform to -- and may even diverge significantly -- from standard Western models, at least at early stages of development. My research draws on interviews with 165 cadres across different regions and governmental sectors, as well as statistical analysis of previously unavailable budget data.

China's Opening Society

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Author :
Publisher : Routledge
ISBN 13 : 1134056877
Total Pages : 320 pages
Book Rating : 4.1/5 (34 download)

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Book Synopsis China's Opening Society by : Zheng Yongnian

Download or read book China's Opening Society written by Zheng Yongnian and published by Routledge. This book was released on 2008-02-19 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite its recent rapid economic growth, China’s political system has remained resolutely authoritarian. However, an increasingly open economy is creating the infrastructure for an open society, with the rise of a non-state sector in which a private economy, non-governmental organizations (NGOs) and different forms of social forces are playing an increasingly powerful role in facilitating political change and promoting good governance. This book examines the development of the non-state sector and NGOs in China since the onset of reform in the late 1970s. It explores the major issues facing the non-state sector in China today, assesses the institutional barriers that are faced by its developing civil society, and compares China’s example with wider international experience. It shows how the ‘get-rich-quick’ ethos of the Deng Xiaoping and Jiang Zemin years, that prioritised rapid GDP growth above all else, has given way under the Jiantao Hu regime to a renewed concern with social reforms, in areas such as welfare, medical care, education, and public transportation. It demonstrates how this change has led to encouragement by the Hu government of the development of the non-state sector as a means to perform regulatory functions and to achieve effective provision of public and social services. It explores the tension between the government’s desire to keep the NGOs as "helping hands’ rather than as autonomous, independent organizations, and their ability to perform these roles successfully.

Urban China

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Publisher : World Bank Publications
ISBN 13 : 1464802068
Total Pages : 583 pages
Book Rating : 4.4/5 (648 download)

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Book Synopsis Urban China by : World Bank

Download or read book Urban China written by World Bank and published by World Bank Publications. This book was released on 2014-07-29 with total page 583 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the last 30 years, China’s record economic growth lifted half a billion people out of poverty, with rapid urbanization providing abundant labor, cheap land, and good infrastructure. While China has avoided some of the common ills of urbanization, strains are showing as inefficient land development leads to urban sprawl and ghost towns, pollution threatens people’s health, and farmland and water resources are becoming scarce. With China’s urban population projected to rise to about one billion – or close to 70 percent of the country’s population – by 2030, China’s leaders are seeking a more coordinated urbanization process. Urban China is a joint research report by a team from the World Bank and the Development Research Center of China’s State Council which was established to address the challenges and opportunities of urbanization in China and to help China forge a new model of urbanization. The report takes as its point of departure the conviction that China's urbanization can become more efficient, inclusive, and sustainable. However, it stresses that achieving this vision will require strong support from both government and the markets for policy reforms in a number of area. The report proposes six main areas for reform: first, amending land management institutions to foster more efficient land use, denser cities, modernized agriculture, and more equitable wealth distribution; second, adjusting the hukou household registration system to increase labor mobility and provide urban migrant workers equal access to a common standard of public services; third, placing urban finances on a more sustainable footing while fostering financial discipline among local governments; fourth, improving urban planning to enhance connectivity and encourage scale and agglomeration economies; fifth, reducing environmental pressures through more efficient resource management; and sixth, improving governance at the local level.

Report on the Work of the Government

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Author :
Publisher : DigiCat
ISBN 13 :
Total Pages : 55 pages
Book Rating : 4.8/5 (596 download)

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Book Synopsis Report on the Work of the Government by : Wen Jiabao

Download or read book Report on the Work of the Government written by Wen Jiabao and published by DigiCat. This book was released on 2022-07-21 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Report of the Work of the Government" is a report prepared by the Chinese state council premier, Wen Jiabao. The current report was released in 2008, and discussed several accomplishment that the government of the People's Republic of China has successfully achieved, including efforts to cool soaring inflation and showcasing the country to the world at the 2008 Summer Olympics.

Run of the Red Queen

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Author :
Publisher : Yale University Press
ISBN 13 : 0300152728
Total Pages : 436 pages
Book Rating : 4.3/5 (1 download)

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Book Synopsis Run of the Red Queen by : Dan Breznitz

Download or read book Run of the Red Queen written by Dan Breznitz and published by Yale University Press. This book was released on 2011-01-01 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: Few observers are unimpressed by the economic ambition of China or by the nation's remarkable rate of growth. But what does the future hold? This meticulously researched book closely examines the strengths and weaknesses of the Chinese economic system to discover where the nation may be headed and what the Chinese experience reveals about emerging market economies. The authors find that contrary to popular belief, cutting edge innovation is not a prerequisite for sustained economic vitality--and that China is a perfect case in point.

The China Model

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Publisher : Princeton University Press
ISBN 13 : 1400883482
Total Pages : 355 pages
Book Rating : 4.4/5 (8 download)

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Book Synopsis The China Model by : Daniel A. Bell

Download or read book The China Model written by Daniel A. Bell and published by Princeton University Press. This book was released on 2016-08-23 with total page 355 pages. Available in PDF, EPUB and Kindle. Book excerpt: How China's political model could prove to be a viable alternative to Western democracy Westerners tend to divide the political world into "good" democracies and “bad” authoritarian regimes. But the Chinese political model does not fit neatly in either category. Over the past three decades, China has evolved a political system that can best be described as “political meritocracy.” The China Model seeks to understand the ideals and the reality of this unique political system. How do the ideals of political meritocracy set the standard for evaluating political progress (and regress) in China? How can China avoid the disadvantages of political meritocracy? And how can political meritocracy best be combined with democracy? Daniel Bell answers these questions and more. Opening with a critique of “one person, one vote” as a way of choosing top leaders, Bell argues that Chinese-style political meritocracy can help to remedy the key flaws of electoral democracy. He discusses the advantages and pitfalls of political meritocracy, distinguishes between different ways of combining meritocracy and democracy, and argues that China has evolved a model of democratic meritocracy that is morally desirable and politically stable. Bell summarizes and evaluates the “China model”—meritocracy at the top, experimentation in the middle, and democracy at the bottom—and its implications for the rest of the world. A timely and original book that will stir up interest and debate, The China Model looks at a political system that not only has had a long history in China, but could prove to be the most important political development of the twenty-first century.

Innovative China

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Publisher :
ISBN 13 : 9781464813351
Total Pages : 0 pages
Book Rating : 4.8/5 (133 download)

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Book Synopsis Innovative China by : Development Research Center of the State Council

Download or read book Innovative China written by Development Research Center of the State Council and published by . This book was released on 2019 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: After more than three decades of average annual growth close to 10 percent, China's economy is transitioning to a 'new normal' of slower but more balanced and sustainable growth. Its old drivers of growth -- a growing labor force, the migration from rural areas to cities, high levels of investments, and expanding exports -- are waning or having less impact. China's policymakers are well aware that the country needs new drivers of growth. This report proposes a reform agenda that emphasizes productivity and innovation to help policymakers promote China's future growth and achieve their vision of a modern and innovative China. The reform agenda is based on the three D's: removing Distortions to strengthen market competition and enhance the efficient allocation of resources in the economy; accelerating Diffusion of advanced technologies and management practices in China's economy, taking advantage of the large remaining potential for catch-up growth; and fostering Discovery and nurturing China's competitive and innovative capacity as China approaches OECD incomes in the decades ahead and extends the global innovation and technology frontier.