Chinas Reform To Overleap The Middle Income Trap

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China: Surpassing the “Middle Income Trap”

Author : Shaojie Zhou
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.

Learning to Industrialize

Author : Kenichi Ohno
Publisher : Routledge
ISBN 13 : 1136198849
Total Pages : 369 pages
Book Rating : 4.1/5 (361 download)

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Book Synopsis Learning to Industrialize by : Kenichi Ohno

Download or read book Learning to Industrialize written by Kenichi Ohno and published by Routledge. This book was released on 2014-04-03 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book proposes a new, pragmatic way of approaching economic development which features policy learning based on a comparison of international best policy practices. While the important role of government in promoting private sector development is being recognized, policy discussion often remains general without details as to what exactly to do and how to avoid common pitfalls. This book fills the gap by showing concrete policy contents, procedures, and organizations adopted in high-performing East Asian economies. Natural resources and foreign aid and investment can take a country to a certain income level, but growth stalls when given advantages are exhausted. Economies will be caught in middle income traps if growth impetus is not internally generated. Meanwhile, countries that have soared to high income introduced mindset, policies, and institutions that encouraged, or even forced, accumulation of human capital – skills, technology, and knowledge. How this can be done systematically is the main topic of policy learning. However, government should not randomly adopt what Singapore or Taiwan did in the past. A continued march to prosperity is possible only when policy makers acquire capability to formulate policy suitable for local context after studying a number of international experiences. Developing countries wanting to adopt effective industrial strategies but not knowing where to start will benefit greatly by the ideas and hands-on examples presented by the author. Students of development economics will find a new methodological perspective which can supplement the ongoing industrial policy debate. The book also gives an excellent account of national pride and pragmatism exhibited by officials in East Asia who produced remarkable economic growth, as well as serious effort by an African country to emulate this miracle. The Open Access version of this book, available at http://www.taylorfrancis.com/doi/view/10.4324/9780203085530 has been made available under a Creative Commons Attribution-Non Commercial-No Derivatives 4.0 license.

Avoiding the Middle-Income Trap in Asia

Author : Naoyuki Yoshino
Publisher : Asian Development Bank
ISBN 13 : 9784899740797
Total Pages : 416 pages
Book Rating : 4.7/5 (47 download)

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Book Synopsis Avoiding the Middle-Income Trap in Asia by : Naoyuki Yoshino

Download or read book Avoiding the Middle-Income Trap in Asia written by Naoyuki Yoshino and published by Asian Development Bank. This book was released on 2017-12-26 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since many policymakers aspire to pull their countries out of the middle-income trap and into the ranks of high-income countries, they must understand the factors that hinder or support the transition. This book defines the middle-income trap and examines the roles of manufacturing, finance, and trade openness in achieving sustainable development. The book also explores the role of government policy in fostering growth in the People's Republic of China. A common theme is that such policies may have unforeseen side effects that undermine their effectiveness, including how the hukou registration system and land-use policy control the pace of urbanization.

China's Innovation Challenge

Author : Arie Y. Lewin
Publisher : Cambridge University Press
ISBN 13 : 1107127122
Total Pages : 505 pages
Book Rating : 4.1/5 (71 download)

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Book Synopsis China's Innovation Challenge by : Arie Y. Lewin

Download or read book China's Innovation Challenge written by Arie Y. Lewin and published by Cambridge University Press. This book was released on 2016-04-14 with total page 505 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book argues that China must become an innovation-based economy to avoid the middle-income traps, and examines both the opportunities and challenges in meeting this goal.

China’s Grand Strategy

Author : Andrew Scobell
Publisher : Rand Corporation
ISBN 13 : 1977404200
Total Pages : 155 pages
Book Rating : 4.9/5 (774 download)

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Book Synopsis China’s Grand Strategy by : Andrew Scobell

Download or read book China’s Grand Strategy written by Andrew Scobell and published by Rand Corporation. This book was released on 2020-07-27 with total page 155 pages. Available in PDF, EPUB and Kindle. Book excerpt: To explore what extended competition between the United States and China might entail out to 2050, the authors of this report identified and characterized China’s grand strategy, analyzed its component national strategies (diplomacy, economics, science and technology, and military affairs), and assessed how successful China might be at implementing these over the next three decades.

China

Author : Ross Garnaut
Publisher : Asia Pacific Press
ISBN 13 :
Total Pages : 252 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis China by : Ross Garnaut

Download or read book China written by Ross Garnaut and published by Asia Pacific Press. This book was released on 1999 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt:

China's Gilded Age

Author : Yuen Yuen Ang
Publisher : Cambridge University Press
ISBN 13 : 1108802389
Total Pages : 275 pages
Book Rating : 4.1/5 (88 download)

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Book Synopsis China's Gilded Age by : Yuen Yuen Ang

Download or read book China's Gilded Age written by Yuen Yuen Ang and published by Cambridge University Press. This book was released on 2020-05-28 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why has China grown so fast for so long despite vast corruption? In China's Gilded Age, Yuen Yuen Ang maintains that all corruption is harmful, but not all types of corruption hurt growth. Ang unbundles corruption into four varieties: petty theft, grand theft, speed money, and access money. While the first three types impede growth, access money - elite exchanges of power and profit - cuts both ways: it stimulates investment and growth but produces serious risks for the economy and political system. Since market opening, corruption in China has evolved toward access money. Using a range of data sources, the author explains the evolution of Chinese corruption, how it differs from the West and other developing countries, and how Xi's anti-corruption campaign could affect growth and governance. In this formidable yet accessible book, Ang challenges one-dimensional measures of corruption. By unbundling the problem and adopting a comparative-historical lens, she reveals that the rise of capitalism was not accompanied by the eradication of corruption, but rather by its evolution from thuggery and theft to access money. In doing so, she changes the way we think about corruption and capitalism, not only in China but around the world.

The State Strikes Back

Author : Nicholas R. Lardy
Publisher : Peterson Institute for International Economics
ISBN 13 : 0881327387
Total Pages : 251 pages
Book Rating : 4.8/5 (813 download)

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Book Synopsis The State Strikes Back by : Nicholas R. Lardy

Download or read book The State Strikes Back written by Nicholas R. Lardy and published by Peterson Institute for International Economics. This book was released on 2019-01-01 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's extraordinarily rapid economic growth since 1978, driven by market-oriented reforms, has set world records and continued unabated, despite predictions of an inevitable slowdown. In The State Strikes Back: The End of Economic Reform in China?, renowned China scholar Nicholas R. Lardy argues that China's future growth prospects could be equally bright but are shadowed by the specter of resurgent state dominance, which has begun to diminish the vital role of the market and private firms in China's economy. Lardy's book arrives in timely fashion as a sequel to his pathbreaking Markets over Mao: The Rise of Private Business in China, published by PIIE in 2014. This book mobilizes new data to trace how President Xi Jinping has consistently championed state-owned or controlled enterprises, encouraging local political leaders and financial institutions to prop up ailing, underperforming companies that are a drag on China's potential. As with his previous book, Lardy's perspective departs from conventional wisdom, especially in its contention that China could achieve a high growth rate for the next two decades—if it reverses course and returns to the path of market-oriented reforms.

Growth Slowdowns and the Middle-Income Trap

Author : Mr.Shekhar Aiyar
Publisher : International Monetary Fund
ISBN 13 : 1484315804
Total Pages : 64 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Growth Slowdowns and the Middle-Income Trap by : Mr.Shekhar Aiyar

Download or read book Growth Slowdowns and the Middle-Income Trap written by Mr.Shekhar Aiyar and published by International Monetary Fund. This book was released on 2013-03-20 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt: The “middle-income trap” is the phenomenon of hitherto rapidly growing economies stagnating at middle-income levels and failing to graduate into the ranks of high-income countries. In this study we examine the middle-income trap as a special case of growth slowdowns, which are identified as large sudden and sustained deviations from the growth path predicted by a basic conditional convergence framework. We then examine their determinants by means of probit regressions, looking into the role of institutions, demography, infrastructure, the macroeconomic environment, output structure and trade structure. Two variants of Bayesian Model Averaging are used as robustness checks. The results—including some that indeed speak to the special status of middle-income countries—are then used to derive policy implications, with a particular focus on Asian economies.

China: Surpassing the “Middle Income Trap”

Author : Shaojie Zhou
Publisher : Springer Nature
ISBN 13 : 9811565406
Total Pages : 230 pages
Book Rating : 4.8/5 (115 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 Springer Nature. This book was released on 2020-10-02 with total page 230 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.

China Alone

Author : Anne Stevenson-Yang
Publisher :
ISBN 13 : 9780991145102
Total Pages : 153 pages
Book Rating : 4.1/5 (451 download)

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Book Synopsis China Alone by : Anne Stevenson-Yang

Download or read book China Alone written by Anne Stevenson-Yang and published by . This book was released on 2013-12-13 with total page 153 pages. Available in PDF, EPUB and Kindle. Book excerpt: A critical analysis of how concentrated power in China's political system enabled fast growth but is now making it impossible for the nation to modernize.

An East Asian Renaissance

Author : Indermit Singh Gill
Publisher : World Bank Publications
ISBN 13 : 082136748X
Total Pages : 386 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis An East Asian Renaissance by : Indermit Singh Gill

Download or read book An East Asian Renaissance written by Indermit Singh Gill and published by World Bank Publications. This book was released on 2007 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: An East Asian Renaissance, by a World Bank team led by Chief Economist for East Asia & Pacific, Dr Homi Kharas and Economic Adviser, Dr Indermit Gill is the first comprehensive analysis of the new forces and challenges at play in the region since the Bank's seminal report of 1993, The East Asian Miracle. The report argues that regional flows of goods, finance and technology are helping even smaller East Asian countries reap the benefits of economies of scale and that this regional integration must be encouraged. But it also points out that these measures have to be supported by actions at the domestic level to ease the stresses and strains that rapid economic growth leaves in its wake. East Asia must now turn to the urgent domestic challenges of inequality, social cohesion, corruption and environmental degradation arising from its economic success.

China's Reform in the Next Ten Years

Author : Yilin Press
Publisher : Simon and Schuster
ISBN 13 : 147677501X
Total Pages : 327 pages
Book Rating : 4.4/5 (767 download)

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Book Synopsis China's Reform in the Next Ten Years by : Yilin Press

Download or read book China's Reform in the Next Ten Years written by Yilin Press and published by Simon and Schuster. This book was released on 2016-05-24 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: A collection of essays by leading Chinese political economists about the economic challenges facing China today and the reforms—to everything from financial institutions to urban housing policy—that will be necessary to prepare for the next ten years.

Deepening Reform for China’s Long-term Growth and Development

Author : Ligang Song
Publisher : ANU E Press
ISBN 13 : 1925021777
Total Pages : 596 pages
Book Rating : 4.9/5 (25 download)

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Book Synopsis Deepening Reform for China’s Long-term Growth and Development by : Ligang Song

Download or read book Deepening Reform for China’s Long-term Growth and Development written by Ligang Song and published by ANU E Press. This book was released on 2014-07-10 with total page 596 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Chinese economy has entered a new phase of development in which sources of growth are not so much dependent upon pure increases in labour, investment and credit expansion, but from productivity improvement, structural changes, technological progress and the benefits from improvement of the social security and welfare improvement. When market functions are fully established to become a main channel for allocating resources, the entrepreneurship will flourish engaging in more innovative activities, workers will move more freely and have more incentives to improve their skills, firms will become more productive through market entry and exit, the economic structure will become more balanced because of the improved resource allocation, and in the end, growth will become more spontaneous and sustainable. In this sense, reforms could deliver ‘dividend’ by raising China’s potential economic growth rates. For China to confront all the challenges it faces at present, the reforms undertaken now have to be deep, comprehensive and far-reaching in order to succeed in paving the way for China to complete the task of transformation in the long-term. There is no better alternative than deepening the market-oriented reform in advancing the course of China’s modernisation for future development and prosperity and lifting China to the status of a developed economy in the next two decades. The recent China update books have covered the topic of reform from different angles and this new book is another attempt to address this important issue.

Resurging Asian Giants

Author : Klaus Gerhaeusser
Publisher : Asian Development Bank
ISBN 13 : 9290920688
Total Pages : 577 pages
Book Rating : 4.2/5 (99 download)

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Book Synopsis Resurging Asian Giants by : Klaus Gerhaeusser

Download or read book Resurging Asian Giants written by Klaus Gerhaeusser and published by Asian Development Bank. This book was released on 2010-07-01 with total page 577 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economies of the People's Republic of China and India have seen dramatic growth in recent years. As their respective successes continue to reshape the world's economic landscape, noted Chinese and Indian scholars have studied the two countries' development paths, in particular their rich and diverse experiences in such areas as education, information technology, local entrepreneurship, capital markets, macroeconomic management, foreign direct investment, and state-owned enterprise reforms. Drawing on these studies, ADB has produced a timely collection of lessons learned that serves as a valuable refresher on the challenges and opportunities ahead for developing economies, especially those in Asia and the Pacific.

China's Changing Trade and the Implications for the CLMV

Author : Mr.Koshy Mathai
Publisher : International Monetary Fund
ISBN 13 : 1475531710
Total Pages : 84 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis China's Changing Trade and the Implications for the CLMV by : Mr.Koshy Mathai

Download or read book China's Changing Trade and the Implications for the CLMV written by Mr.Koshy Mathai and published by International Monetary Fund. This book was released on 2016-09-01 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s trade patterns are evolving. While it started in light manufacturing and the assembly of more sophisticated products as part of global supply chains, China is now moving up the value chain, “onshoring” the production of higher-value-added upstream products and moving into more sophisticated downstream products as well. At the same time, with its wages rising, it has started to exit some lower-end, more labor-intensive sectors. These changes are taking place in the broader context of China’s rebalancing—away from exports and toward domestic demand, and within the latter, away from investment and toward consumption—and as a consequence, demand for some commodity imports is slowing, while consumption imports are slowly rising. The evolution of Chinese trade, investment, and consumption patterns offers opportunities and challenges to low-wage, low-income countries, including China’s neighbors in the Mekong region. Cambodia, Lao P.D.R., Myanmar, and Vietnam (the CLMV) are all open economies that are highly integrated with China. Rebalancing in China may mean less of a role for commodity exports from the region, but at the same time, the CLMV’s low labor costs suggest that manufacturing assembly for export could take off as China becomes less competitive, and as China itself demands more consumption items. Labor costs, however, are only part of the story. The CLMV will need to strengthen their infrastructure, education, governance, and trade regimes, and also run sound macro policies in order to capitalize fully on the opportunities presented by China’s transformation. With such policy efforts, the CLMV could see their trade and integration with global supply chains grow dramatically in the coming years.

How I Survived a Chinese "Reeducation" Camp

Author : Gulbahar Haitiwaji
Publisher : Seven Stories Press
ISBN 13 : 1644211491
Total Pages : 172 pages
Book Rating : 4.6/5 (442 download)

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Book Synopsis How I Survived a Chinese "Reeducation" Camp by : Gulbahar Haitiwaji

Download or read book How I Survived a Chinese "Reeducation" Camp written by Gulbahar Haitiwaji and published by Seven Stories Press. This book was released on 2022-02-22 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first memoir about the "reeducation" camps by a Uyghur woman. “I have written what I lived. The atrocious reality.” — Gulbahar Haitiwaji to Paris Match Since 2017, more than one million Uyghurs have been deported from their homes in the Xinjiang region of China to “reeducation camps.” The brutal repression of the Uyghurs, a Turkish-speaking Muslim ethnic group, has been denounced as genocide, and reported widely in media around the world. The Xinjiang Papers, revealed by the New York Times in 2019, expose the brutal repression of the Uyghur ethnicity by means of forced mass detention—the biggest since the time of Mao. Her name is Gulbahar Haitiwaji and she is the first Uyghur woman to write a memoir about the 'reeducation' camps. For three years Haitiwaji endured hundreds of hours of interrogations, torture, hunger, police violence, brainwashing, forced sterilization, freezing cold, and nights under blinding neon light in her prison cell. These camps are to China what the Gulags were to the USSR. The Chinese government denies that they are concentration camps, seeking to legitimize their existence in the name of the “total fight against Islamic terrorism, infiltration and separatism,” and calls them “schools.” But none of this is true. Gulbahar only escaped thanks to the relentless efforts of her daughter. Her courageous memoir is a terrifying portrait of the atrocities she endured in the Chinese gulag and how the treatment of the Uyghurs at the hands of the Chinese government is just the latest example of their oppression of independent minorities within Chinese borders. The Xinjiang region where the Uyghurs live is where the Chinese government wishes there to be a new “silk route,” connecting Asia to Europe, considered to be the most important political project of president Xi Jinping.