Cai Challenges and Solutions to China’s Modernization Process

1. Auflage 2024
ISBN: 978-981-99-9141-9
Verlag: Springer Singapore
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, 223 Seiten, eBook

Reihe: China Insights

Focusing on these developing problems and growing troubles, this book mainly discusses economic growth issues related to demographic transition, as well as livelihood issues derived from them and closely related to policy logic. It aims to make theoretical analysis and provide necessary international experience and lessons and put forward targeted policy advice. This book proposes a three-pronged pattern of competition policy, industrial policy, and social policy to achieve productivity improvement and innovation momentum; gives full play to China's super-large market advantages, attractiveness and negotiating position; and promotes each other through domestic and international dual cycles to achieve a higher level of development.

Zielgruppe

Research

Autoren/Hrsg.

Cai, Fang

Weitere Mitwirkende

Lei, Qu

Hong, Yu

Inhaltsverzeichnis

PrefaceI. IntroductionII. Modernization with Chinese CharacteristicsIII. Development Issues and Growing PainsIV. Chapter SummariesChapter One From the Middle-Income Trap to the Threshold Effect I. Introduction II. Income Growth: From Convergence to Divergence III. The Relationship Among Income, Population and Economic Growth IV. Understanding the Threshold Effect from Theoretical and Realistic Perspectives V. The Chinese Economy in Transition VI. Conclusions and Policy RecommendationsChapter Two How Does China Avoid “Secular Stagnation?” I. Introduction II. The World Economy in Secular Stagnation III. Reverse Globalization, Inward-Looking Inclination and Decoupling IV. Negative Population Growth as a Turning Point V. Breaking Away from the Constraints of Insufficient Domestic Demand VI. Conclusions and Policy RecommendationsChapter Three Establishing a New Development Pattern Through Strengthening Comparative Advantage I. Introduction II. The Change of Comparative Advantage Triggered by Demographic Shift III. Scale Efficiency and Comparative Advantage 2.0 IV. The “Dual Circulation” Development Pattern V. Conclusions and Policy RecommendationsChapter Four Dynamic Balance of Regional Economic Development I. Introduction II. Prevalent Regional Development Gaps III. The Hu Huanyong Line and China’s Regional Economic Development IV. The Misleading Catch-up Effect and Empirical Evidence V. Why Does the Strategy for Balanced Regional Development Lead to Different Results? VI. The Key to Revitalizing Northeast China: Comparative Advantage or Economies of Scale? VII. Conclusions and Policy RecommendationsChapter Five Productivity, New Growth Drivers and the Manufacturing Industry I. Introduction II. Intersectoral Productivity Differences and Productivity Growth at Different Stages of Development III. Two Processes of Productivity Growth with Potential Slowdowns IV. The Laws of the Decline of the Manufacturing Industry and the Turning Point V. Why Does the Manufacturing Industry Need to Be Stabilized and How? VI. Conclusions and Policy RecommendationsChapter Six Tales of Cities: Fundamentals of Urban Development I. Introduction II. Urbanization—A Result of Economic and Social Development III. “The Tolstoy Effect” in Urban Development IV. Factors of Success and Failure in Urban Development V. A Choice for Government: the Tiebout-McGuire Model VI. Conclusions and Policy RecommendationsChapter Seven People-Centered Macroeconomic Policies I. Introduction II. “Macroeconomic Populism” III. Employment—A Priority in China’s Macroeconomic Policies IV. Factors: Macroeconomic Policy Responses to Crises V. Conclusions and Policy RecommendationsChapter Eight Creation and Protection: Why Do We Need to Prioritize Income Redistribution? I. Introduction II. From John Stuart Mill to Arthur M. Okun: Attempts to Improve Public Well-being III. Farewell to the Trickle-down Economics IV. Creative Destruction: Improving Joseph Schumpeter’s Perspective on Innovation V. The Diminishing Role of Primary Income Distribution VI. How to Share Innovation and Entrepreneurship Achievements VII. Conclusions and Policy RecommendationsChapter Nine Upward Social Mobility: A New Trend I. Introduction II. Approaching the Demographic Shift from the Socioeconomic Perspective III. Two Models of Social Mobility IV. High-quality Development and Social Mobility V. Comparative Poverty at the Stage of High-Quality Development VI. Conclusions and Policy Recommendations
Chapter Ten How to Achieve the Second Demographic Dividend I. Introduction II. Responding to an Aging Society: Theoretical Innovation and Application III. How Does China’s Aging Population Sustain Its Economic Growth? IV. Constraints of Population Aging on Economic Growth V. The Echo Chamber Effect on Demographic Dividend VI. Conclusions and Policy RecommendationsReferences

Über Autor(innen)

Cai Fang is a former vice president of the Chinese Academy of Social Sciences, a secretary-general of the presidium of the Chinese Academy of Social Sciences, the member of the department, a chief expert of the national think tank of the Chinese Academy of Social Sciences, and the member of the Monetary Policy Committee of the People's Bank of China. The main research areas include labor economics, population economics, economic growth, income distribution, China's economic reform, etc. His main works include "The World Significance of China's Economic Development", "Beyond the Demographic Dividend", " Perceiving Truth and Ceasing Doubts", "The Belt and Road" Handbook (editor-in-chief), and China Wisdom (an editor-in-chief).