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A new economic growth engine for China : escaping the middle-income trap by not doing more of the same /

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 difficult...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Otros Autores: Woo, Wing Thye
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Singapore ; Hackensack, N.J. : London : World Scientific ; Imperial College Press, ©2012.
Temas:
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Foreword Shangli Lin; Contents; List of Contributing Authors and Editors; Part I.A New Economic Growth Engine for the 21st Century: Change Out Not Scale Up the Present Policy Regime; The Major Types of Middle-income Trap That Threaten China Wing Thye Woo; 1. A New Stage in China's Economic Development but Will This be the Permanent Stage?; 2. Defining the Middle-Income Trap; 3. What Could Cause China to Fall into the Middle-Income Trap?; 4. The Likely Hardware Failures: Fiscal Stress from the State Banks and Low Productivity Growth from the State Enterprises.
  • 5. The Likely Software Failures Are from Flaws in Governance6. The First Type of Likely Power Supply Failure Is Environmental Collapse in China; 7. The Second Type of Likely Power Supply Failure Is Trade Protectionism; 8. The Hardware Reform Agenda; 9. The Software Reform Agenda; 10. Dealing with Power Supply Failure Caused by Environmental Degradation; 11. Dealing with Power Supply Failure Caused by Trade Protectionism; 12. Final Remarks; References; Part II. 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 He1. Background and Origins of the Current Macroeconomic Movement; 2. 2011: Soft Landing Is in Progress; 3. The Outlook of China's Economy and Policy Guidelines in 2012; The Correction of China's Twin Surpluses Yongding Yu; The Long-run Growth and Short-run Fluctuations of the Chinese Economy Zhigang Yuan and Yuxin Yu; Introduction; 1. Long-Run Trend of Economic Growth in China; 1.1. Changes in labor supply; 1.2. Changes in capital accumulation.
  • 1.3. Changes in Total Factor Productivity (TFP) growth1.4. Rising environmental cost; 2. Short-Run Fluctuations of the Chinese Economy; 2.1. The four-trillion-yuan fiscal stimulus plan; 2.2. The recent contractionary monetary policy; 2.3. The impact of administrative changes; 2.4. The impact of real estate regulations; 2.5. What is the likely macroeconomic situation in 2012?; 3. The Major Reforms Needed in the Future; 3.1. Reforms in the labor market; 3.2. Reforms in the land market; 3.3. Reforms in the financial market; 3.4. Transformation of the governmental function; 4. Conclusion.