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A New Economic Growth Engine for China: Escaping the Middle-Income Trap by Not Doing More of the Same

A New Economic Growth Engine for China: Escaping the Middle-Income Trap by Not Doing More of the Same

Paperback

Edited by Wing Thye Woo, Edited by Lu Ming, Edited by Jeffrey D. Sachs

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  • Publisher: World Scientific Publishing Co Pte Ltd
  • Format: Paperback | 308 pages
  • Dimensions: 152mm x 226mm x 18mm | 458g
  • Publication date: 11 October 2012
  • Publication City/Country: Singapore
  • ISBN 10: 9814425540
  • ISBN 13: 9789814425544
  • Illustrations note: black & white illustrations
  • Sales rank: 1,489,658

Product description

This volume is a report by leading international economic experts on China's economic priorities in the coming years. From various aspects of the domestic and foreign situation, China has now reached a critical juncture in its economic development. Unless China is able to overcome the difficulties in undertaking further reforms in the next ten years, China would be caught in the middle income trap and be unable to become a modern country. The future course of China's economic development is also of great concern to the rest of the world because the socio-political-economic conditions in China will have significant impact on global economic prosperity and on global political harmony. The book is a product of close collaboration between the School of Economics at Fudan University and the Earth Institute at Columbia University. They cover a new paradigm for growth, short-term demand management, institutional reforms for middle-term growth, and strengthening the fundamentals for long-term growth.

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This volume is a report by leading international economic experts on China's economic priorities in the coming years. From various aspects of the domestic and foreign situation, China has now reached a critical juncture in its economic development. Unless China is able to overcome the difficulties in undertaking further reforms in the next ten years, China would be caught in the middle income trap and be unable to become a modern country. The future course of China's economic development is also of great concern to the rest of the world because the socio-political-economic conditions in China will have significant impact on global economic prosperity and on global political harmony. The book is a product of close collaboration between the School of Economics at Fudan University and the Earth Institute at Columbia University. They cover a new paradigm for growth, short-term demand management, institutional reforms for middle-term growth, and strengthening the fundamentals for long-term growth.

Table of contents

A New Economic Growth Engine for the 21st Century: Change Out not Scale Up the Present Policy Regime: How to Prevent China from Falling into the Middle-Income Trap (Wing Thye Woo); Short-Term Demand Management: Working the Hardware Correctly: A Prediction of China's Economy in 2012: Soft Landing and Back to the Normal (Gang Fan and Liping He); Rebalancing the Chinese Economy (Yongding Yu); The Long-run Growth and Short-run Fluctuations of the Chinese Economy (Zhigang Yuan and Yuxin Yu); Institutional Reforms for Middle-Term Growth: Upgrading the Hardware and Software: Reforming China's Public Pension System: A Perspective on Aging, Urbanization and Globalization (Lixin He and Jin Feng); Government, Market and Central-Local Relations: Unraveling the Gridlock on Fiscal Reform in China (Yan Zhang); The Reform Agenda to Develop China's Financial Sector (Liqing Zhang and Xiaofen Tan); On Regional and Inter-Household Inequality in China (Guanghua Wang, Jingjing Ye and Juzhong Zhuang); Strengthening the Long-Term Growth Fundamentals: Sustaining the Power Supply: Ensuring Efficiency and Equality in China's Urbanization and Regional Development Strategy (Zhao Chen and Ming Lu); Predicting the Energy Security and Climate Change Situation for China in the Mid-Century (Klaus Lackner and Sarah Brennan); The Sustainability of Water Resources in China (Upmanu Lall and Ximing Cai).