Understanding Chinas Lewis Turning Point

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Chronicle of a Decline Foretold

Author : Ms.Mitali Das
Publisher : International Monetary Fund
ISBN 13 : 1475525192
Total Pages : 21 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Chronicle of a Decline Foretold by : Ms.Mitali Das

Download or read book Chronicle of a Decline Foretold written by Ms.Mitali Das and published by International Monetary Fund. This book was released on 2013-01-29 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt: China is on the eve of a demographic shift that will have profound consequences on its economic and social landscape. Within a few years the working age population will reach a historical peak, and then begin a precipitous decline. This fact, along with anecdotes of rapidly rising migrant wages and episodic labor shortages, has raised questions about whether China is poised to cross the Lewis Turning Point, a point at which it would move from a vast supply of low-cost workers to a labor shortage economy. Crossing this threshold will have far-reaching implications for both China and the rest of the world. This paper empirically assesses when the transition to a labor shortage economy is likely to occur. Our central result is that on current trends, the Lewis Turning Point will emerge between 2020 and 2025. Alternative scenarios—with higher fertility, greater labor participation rates, financial reform or higher productivity—may peripherally delay or accelerate the onset of the turning point, but demographics will be the dominant force driving the depletion of surplus labor.

China's Economy

Author : Arthur R. Kroeber
Publisher : Oxford University Press
ISBN 13 : 0190946490
Total Pages : 465 pages
Book Rating : 4.1/5 (99 download)

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Book Synopsis China's Economy by : Arthur R. Kroeber

Download or read book China's Economy written by Arthur R. Kroeber and published by Oxford University Press. This book was released on 2020-06-05 with total page 465 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's economic growth has been revolutionary, and is the foundation of its increasingly prominent role in world affairs. It is the world's second biggest economy, the largest manufacturing and trading nation, the consumer of half the world's steel and coal, the biggest source of international tourists, and one of the most influential investors in developing countries from southeast Asia to Africa to Latin America. Multinational companies make billions of dollars in profits in China each year, while traders around the world shudder at every gyration of the country's unruly stock markets. Perhaps paradoxically, its capitalist economy is governed by an authoritarian Communist Party that shows no sign of loosening its grip. China is frequently in the news, whether because of trade disputes, the challenges of its Belt and Road initiative for global infrastructure, or its increasing military strength. China's political and technological challenges, created by a country whose political system and values differ dramatically from most of the other major world economies, creates uncertainty and even fear. China's Economy: What Everyone Needs to Know® is a concise introduction to the most astonishing economic and political story of the last three decades. Arthur Kroeber enhances our understanding of China's changes and their implications. Among the essential questions he answers are: How did China grow so fast for so long? Can it keep growing and still solve its problems of environmental damage, fast-rising debt and rampant corruption? How long can its vibrant economy co-exist with the repressive one-party state? How do China's changes affect the rest of the world? This thoroughly revised and updated second edition includes a comprehensive discussion of the origins and development of the US-China strategic rivalry, including Trump's trade war and the race for technological supremacy. It also explores the recent changes in China's political system, reflecting Xi Jinping's emergence as the most powerful leader since Mao Zedong. It includes insights on changes in China's financial sector, covering the rise and fall of the shadow banking sector, and China's increasing integration with global financial markets. And it covers China's rapid technological development and the rise of its global Internet champions such as Alibaba and Tencent.

Demographic Perspective of China’s Economic Development

Author : Cai Fang
Publisher : Routledge
ISBN 13 : 1000052826
Total Pages : 267 pages
Book Rating : 4.0/5 ( download)

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Book Synopsis Demographic Perspective of China’s Economic Development by : Cai Fang

Download or read book Demographic Perspective of China’s Economic Development written by Cai Fang and published by Routledge. This book was released on 2020-05-17 with total page 267 pages. Available in PDF, EPUB and Kindle. Book excerpt: China is historically famous for its high demographic dividend and its huge working population, and this has driven tremendous economic growth over the past few decades. However, that population has begun to shrink and the Lewis turning point whereby surplus rural population has been absorbed into manufacturing is also approaching, leading to great change in the Chinese labor market. Will this negatively affect China’s economic growth? Can the "Middle-Income Trap" be avoided? What reforms should be made on the labor supply side? This book tackles these key questions. This book is a collection of 14 papers presenting the author’s observations, analysis, and opinions of China’s long-term economic development from the demographic perspective, while analysing real economic problems from the past and including policy recommendations. It provides a critical reference for scholars and students interested in Chinese economic development and demographic perspectives on economic development.

China’s Economic Growth Prospects

Author : Cai Fang
Publisher : Edward Elgar Publishing
ISBN 13 : 1781005850
Total Pages : 247 pages
Book Rating : 4.7/5 (81 download)

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Book Synopsis China’s Economic Growth Prospects by : Cai Fang

Download or read book China’s Economic Growth Prospects written by Cai Fang and published by Edward Elgar Publishing. This book was released on 2016-01-29 with total page 247 pages. Available in PDF, EPUB and Kindle. Book excerpt: China has grown rapidly since the reform initiation of the 1970s. China’s Economic Growth Prospects narrates the contribution of demographic transition to recent economic growth in China, and provides suggestions for ways in which it can sustain growth over the next few decades. The expert author provides reasons for the economic slowdown since the second decade of the twenty-first century; explores the challenges facing China’s long-term sustainability of growth with the disappearance of demographic dividend; and proposes policy suggestions. He concludes that, in order to avoid the middle-income trap, economic growth in China must transform from an inputs-driven pattern, to a productivity-driven pattern. Academics, researchers and students of economics and business, particularly those specialising in China, will find this book to be a useful resource. Investment bankers, journalists, politicians and policy makers will find the discussions of past experience and the future potential of the Chinese economy to be of interest.

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

Author : Yi Wen
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.

The great Chinese inequality turnaround

Author : Kanbur, Ravi
Publisher : Intl Food Policy Res Inst
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4./5 ( download)

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Book Synopsis The great Chinese inequality turnaround by : Kanbur, Ravi

Download or read book The great Chinese inequality turnaround written by Kanbur, Ravi and published by Intl Food Policy Res Inst. This book was released on 2017-05-03 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: The high level of inequality in China has been a focus of interest for policy makers and researchers. However, few studies have evaluated the trend since 2010. With changes in the economic structure and new policy tools introduced in recent years, a revisit of Chinese inequality should give us the latest information about its evolution and the impacts of these economic and policy changes on income distribution. This paper argues that after a quarter century of sharp and sustained increase, Chinese inequality is now plateauing and even turning down. The argument is made using a range of data sources and a range of measures and perspectives on inequality. The evolution of inequality is further examined through decomposition by income source and population subgroup. Some preliminary explanations are provided for these trends in terms of shifts in policy and the structural transformation of the Chinese economy. The narrative on Chinese inequality now needs to focus on the reasons for this great turnaround.

Understanding China's Economy

Author : Fang Cai
Publisher : Springer Nature
ISBN 13 : 9813363223
Total Pages : 278 pages
Book Rating : 4.8/5 (133 download)

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Book Synopsis Understanding China's Economy by : Fang Cai

Download or read book Understanding China's Economy written by Fang Cai and published by Springer Nature. This book was released on 2021-03-23 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book reviews and examines the reform and opening up in China from 1978 to 2011. It analyzes how China avoided to fall into the middle-income trap over those 33 years. The book makes a deep analysis of understanding how Chinese economy became a miracle in the world economic history and its development stages, as well as the overseas erroneous understanding of the existence of Chinese economy. The author analyzes from three aspects: how to break the “impossible triangle”, how to achieve middle-to-high speed growth in L model, and how to release a new dividend of urbanization. After Chinese economy entered the Lewis turning point, China faced the dilemma of labor transformation and the disappearance of demographic dividend, the demographic dividend turned to the reform dividend. The author points out and suggests that a new round of growth should be achieved by improving the total factor productivity in order to find a new way for the Chinese economy. This book plays an important role of comprehending Chinese economy under current complex economic situation. This book helps readers to understand Chinese economy from many aspects: impossible triangle, L model growth, Malthus trap, dual economy, aging problem, demographic dividend, reform dividend, trap of middle income, globalization, etc. The author as an economist aims for the public explaining the professional knowledge in a concise and easy way. This book delivers the information of discerning and understanding the economic trend, and predicting the future.

Debating the Lewis Turning Point in China

Author : Yiping Huang
Publisher : Routledge
ISBN 13 : 1134925913
Total Pages : 162 pages
Book Rating : 4.1/5 (349 download)

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Book Synopsis Debating the Lewis Turning Point in China by : Yiping Huang

Download or read book Debating the Lewis Turning Point in China written by Yiping Huang and published by Routledge. This book was released on 2016-04-08 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt: HUANG Yiping is Professor of Economics at the China Center for Economic Research, National School of Development, Peking University, China. He is also an adjunct professor at the Australian National University and a member of the China Finance 40 Forum. His current research focuses on macroeconomic policy, international finance and rural development. CAI Fang is Director, Professor and Fellow at the Institute of Population and Labor Economics, Chinese Academy of Social Sciences, China. He serves as Vice Chairman of the China Population Association. His current research focuses on China’s labor migration, population and development, economic reform, income distribution and poverty.

The Rise of China and India

Author : A. Santos-Paulino
Publisher : Springer
ISBN 13 : 0230282091
Total Pages : 303 pages
Book Rating : 4.2/5 (32 download)

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Book Synopsis The Rise of China and India by : A. Santos-Paulino

Download or read book The Rise of China and India written by A. Santos-Paulino and published by Springer. This book was released on 2010-10-13 with total page 303 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume is a timely addition to the emerging literature on the rise of China and India, focusing on how rapid economic growth and geopolitical changes in these countries are reshaping the world economy and global governance. It covers issues such as productivity, labor market, trade competition, and energy.

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.

The Long Game

Author : Rush Doshi
Publisher : Oxford University Press
ISBN 13 : 0197527876
Total Pages : 433 pages
Book Rating : 4.1/5 (975 download)

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Book Synopsis The Long Game by : Rush Doshi

Download or read book The Long Game written by Rush Doshi and published by Oxford University Press. This book was released on 2021-06-11 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: For more than a century, no US adversary or coalition of adversaries - not Nazi Germany, Imperial Japan, or the Soviet Union - has ever reached sixty percent of US GDP. China is the sole exception, and it is fast emerging into a global superpower that could rival, if not eclipse, the United States. What does China want, does it have a grand strategy to achieve it, and what should the United States do about it? In The Long Game, Rush Doshi draws from a rich base of Chinese primary sources, including decades worth of party documents, leaked materials, memoirs by party leaders, and a careful analysis of China's conduct to provide a history of China's grand strategy since the end of the Cold War. Taking readers behind the Party's closed doors, he uncovers Beijing's long, methodical game to displace America from its hegemonic position in both the East Asia regional and global orders through three sequential "strategies of displacement." Beginning in the 1980s, China focused for two decades on "hiding capabilities and biding time." After the 2008 Global Financial Crisis, it became more assertive regionally, following a policy of "actively accomplishing something." Finally, in the aftermath populist elections of 2016, China shifted to an even more aggressive strategy for undermining US hegemony, adopting the phrase "great changes unseen in century." After charting how China's long game has evolved, Doshi offers a comprehensive yet asymmetric plan for an effective US response. Ironically, his proposed approach takes a page from Beijing's own strategic playbook to undermine China's ambitions and strengthen American order without competing dollar-for-dollar, ship-for-ship, or loan-for-loan.

China's Influence and American Interests

Author : Larry Diamond
Publisher : Hoover Press
ISBN 13 : 0817922865
Total Pages : 223 pages
Book Rating : 4.8/5 (179 download)

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Book Synopsis China's Influence and American Interests by : Larry Diamond

Download or read book China's Influence and American Interests written by Larry Diamond and published by Hoover Press. This book was released on 2019-08-01 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: While Americans are generally aware of China's ambitions as a global economic and military superpower, few understand just how deeply and assertively that country has already sought to influence American society. As the authors of this volume write, it is time for a wake-up call. In documenting the extent of Beijing's expanding influence operations inside the United States, they aim to raise awareness of China's efforts to penetrate and sway a range of American institutions: state and local governments, academic institutions, think tanks, media, and businesses. And they highlight other aspects of the propagandistic “discourse war” waged by the Chinese government and Communist Party leaders that are less expected and more alarming, such as their view of Chinese Americans as members of a worldwide Chinese diaspora that owes undefined allegiance to the so-called Motherland.Featuring ideas and policy proposals from leading China specialists, China's Influence and American Interests argues that a successful future relationship requires a rebalancing toward greater transparency, reciprocity, and fairness. Throughout, the authors also strongly state the importance of avoiding casting aspersions on Chinese and on Chinese Americans, who constitute a vital portion of American society. But if the United States is to fare well in this increasingly adversarial relationship with China, Americans must have a far better sense of that country's ambitions and methods than they do now.

China’s Cosmopolitan Empire

Author : Mark Edward Lewis
Publisher : Harvard University Press
ISBN 13 : 067403306X
Total Pages : 367 pages
Book Rating : 4.6/5 (74 download)

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Book Synopsis China’s Cosmopolitan Empire by : Mark Edward Lewis

Download or read book China’s Cosmopolitan Empire written by Mark Edward Lewis and published by Harvard University Press. This book was released on 2009-06-30 with total page 367 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Tang dynasty is often called China’s “golden age,” a period of commercial, religious, and cultural connections from Korea and Japan to the Persian Gulf, and a time of unsurpassed literary creativity. Mark Lewis captures a dynamic era in which the empire reached its greatest geographical extent under Chinese rule, painting and ceramic arts flourished, women played a major role both as rulers and in the economy, and China produced its finest lyric poets in Wang Wei, Li Bo, and Du Fu. The Chinese engaged in extensive trade on sea and land. Merchants from Inner Asia settled in the capital, while Chinese entrepreneurs set off for the wider world, the beginning of a global diaspora. The emergence of an economically and culturally dominant south that was controlled from a northern capital set a pattern for the rest of Chinese imperial history. Poems celebrated the glories of the capital, meditated on individual loneliness in its midst, and described heroic young men and beautiful women who filled city streets and bars. Despite the romantic aura attached to the Tang, it was not a time of unending peace. In 756, General An Lushan led a revolt that shook the country to its core, weakening the government to such a degree that by the early tenth century, regional warlordism gripped many areas, heralding the decline of the Great Tang.

The Chinese Navy

Author : Institute for National Strategic Studies
Publisher : Government Printing Office
ISBN 13 : 9780160897634
Total Pages : 348 pages
Book Rating : 4.8/5 (976 download)

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Book Synopsis The Chinese Navy by : Institute for National Strategic Studies

Download or read book The Chinese Navy written by Institute for National Strategic Studies and published by Government Printing Office. This book was released on 2011-12-27 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tells the story of the growing Chinese Navy - The People's Liberation Army Navy (PLAN) - and its expanding capabilities, evolving roles and military implications for the USA. Divided into four thematic sections, this special collection of essays surveys and analyzes the most important aspects of China's navel modernization.

Development Centre Studies Chinese Economic Performance in the Long Run

Author : Maddison Angus
Publisher : OECD Publishing
ISBN 13 : 9264163557
Total Pages : 196 pages
Book Rating : 4.2/5 (641 download)

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Book Synopsis Development Centre Studies Chinese Economic Performance in the Long Run by : Maddison Angus

Download or read book Development Centre Studies Chinese Economic Performance in the Long Run written by Maddison Angus and published by OECD Publishing. This book was released on 1998-09-25 with total page 196 pages. Available in PDF, EPUB and Kindle. Book excerpt: The study provides a major reassessment of the scale and scope of China’s resurgence over the past half century, employing quantitative measurement techniques which are standard practice in OECD countries, but which have not hitherto been available for China.

Understanding China's Urbanization

Author : Li Zhang
Publisher : Edward Elgar Publishing
ISBN 13 : 1783474742
Total Pages : 433 pages
Book Rating : 4.7/5 (834 download)

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Book Synopsis Understanding China's Urbanization by : Li Zhang

Download or read book Understanding China's Urbanization written by Li Zhang and published by Edward Elgar Publishing. This book was released on 2016-03-25 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s urbanization is one of the great earth-changing phenomena of recent times. The way in which China continues to urbanize will have a critical impact on the world economy, global climate change, international relations and a host of other critical issues. Understanding and responding to China’s urbanization is of paramount importance to everyone. This book represents a unique exploration of the demographic, spatial, economic and social aspects of China’s urban transformation. Based on years of fieldwork and data analysis from different types of cities and towns in every region of China, the authors present a detailed description of how China has urbanized since 1978 and an original theory about the way in which top-down and bottom-up policies have impacted urbanization. They describe China’s on-going urbanization process as a ‘double-dual’ transformation from a planned economy to a more market-oriented one and from a concern with the quantity to the quality of urbanization. In doing so, the authors provide the most comprehensive and up-to-date book on Chinese urbanization to date. This scholarly study will appeal to academics and practitioners, including professors and postgraduate students of urban studies, planning, geography, Asian studies, and other social science disciplines and professional fields concerned with cities and urban development. Professionals involved in international development, particularly in China and elsewhere in Asia, will be particularly interested in the book.

The China Mission: George Marshall's Unfinished War, 1945-1947

Author : Daniel Kurtz-Phelan
Publisher : W. W. Norton & Company
ISBN 13 : 0393243087
Total Pages : 279 pages
Book Rating : 4.3/5 (932 download)

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Book Synopsis The China Mission: George Marshall's Unfinished War, 1945-1947 by : Daniel Kurtz-Phelan

Download or read book The China Mission: George Marshall's Unfinished War, 1945-1947 written by Daniel Kurtz-Phelan and published by W. W. Norton & Company. This book was released on 2018-04-10 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: An Economist Best Book of 2018 New York Times Book Review Editor’s Pick “Gripping [and] splendid.… An enormous contribution to our understanding of Marshall.”—Washington Post At the end of World War II, General George Marshall took on what he thought was a final mission—this time not to win a war, but to stop one. In China, conflict between Communists and Nationalists threatened to suck in the United States and escalate into revolution. Marshall’s charge was to cross the Pacific, broker a peace, and prevent a Communist takeover, all while staving off World War III. At first, the results seemed miraculous. But as they started to come apart, Marshall was faced with a wrenching choice—one that would alter the course of the Cold War, define the US-China relationship, and spark one of the darkest-ever turns in American political life. The China Mission offers a gripping, close-up view of the central figures of the time—from Marshall, Mao, and Chiang Kai-shek to Eisenhower, Truman, and MacArthur—as they stood face-to-face and struggled to make history, with consequences and lessons that echo today.