Cai Demystifying China's Economy Development

1. Auflage 2015
ISBN: 978-3-662-46103-7
Verlag: Springer
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, 199 Seiten

Reihe: China Insights

This book explains why China's opening-up policy can boost the rapid growth of its economy. Based on concrete facts and economic logic, it offers a brief introduction to the history of China's successful development, which has unprecedentedly helped improve people's lives and community welfare over the past 30 years. In light of the newly emerging problems, the author assesses the different stages of China's economic development and new challenges, illustrating how the country's sustainable growth could be achieved through further reforms so as to complete the transition from a middle-income to high-income country. He moves on to discuss the lessons learned from China's experiences and summarizes their significance for other developing countries, while also clarifying popular misconceptions such as the 'China Menace' and 'Theory of China's Collapse.' Taking the logic of economic development as a basis and employing economic norm analysis methods, the book describes China's economic miracle in plain but vivid language and attempts to enrich the economic development theory through China's experience.

Fang Cai, graduated from the Agricultural Economics Department at Renmin University of China in 1982. Cai received a Master's Degree in Economics from the Graduate School of the Chinese Academy of Social Sciences in 1985 and earned a Doctorate of economics from the same institution in 1989. Cai is director of the Institute of Population Studies and Chief editor of the Chinese Population Sciences, 'Carter Center' Professor of Zhejiang University, member of the Ministry of agriculture, Cargill member of the Committee of experts of the Ministry of Labor and Social security. His masterpieces are The Miracle of China, Development Strategy and Economic Reform, The Chinese Ongoing Agricultural Economic Reform, and Competition, Policy Burden and Reform of State-Owned Enterprises, etc.

Autoren/Hrsg.

Cai, Fang

Inhaltsverzeichnis

1;Preface;6
2;Contents;8
3;Chapter 1: It Takes 30 Years to Reach Benevolent Governance;10
3.1;1.1 Doubling of Per Capita Income;11
3.2;1.2 Worldwide Example of Poverty Reduction;13
3.3;1.3 China’s Featured Policies of Agriculture, Farmer and Rural Area;17
3.4;1.4 Social Protection That Develops from Nothing;21
3.5;1.5 Unbalanced Inclusive Development;26
3.6;References;28
4;Chapter 2: Development Is an Unyielding Principle;29
4.1;2.1 “The Scenery Here Is Exceptionally Beautiful”;29
4.2;2.2 “China Collapse”;32
4.3;2.3 Source of Economic Growth to Date;34
4.4;2.4 Towards Scientific Development;37
4.5;2.5 Transforming Economic Development Model;42
4.6;References;45
5;Chapter 3: Reform Is the Fundamental Driving Force;47
5.1;3.1 Logics of Reform;47
5.2;3.2 Incentive Mechanism and Governance Mode;51
5.3;3.3 Market Competition Environment;56
5.4;3.4 Development-Oriented Government;60
5.5;References;64
6;Chapter 4: Globalization and Chinese Factor;65
6.1;4.1 Meaning of Globalization;65
6.2;4.2 Catch-up and Convergence;68
6.3;4.3 Break the Supply “Bottleneck”;69
6.4;4.4 Is This “Toil Just For The Benefit of Others”?;74
6.5;4.5 Effect of Large Economy;77
6.6;4.6 “Goose” or “Dragon”;80
6.7;References;85
7;Chapter 5: Development Stages and Turning Point;86
7.1;5.1 Economic Development Stages;86
7.2;5.2 Turning Point of Chinese Economy;90
7.3;5.3 Understanding the Macroeconomic Situation;95
7.4;5.4 Is It a “Middle Income Trap”?;99
7.5;5.5 Responses with Chinese Characteristics;102
7.6;References;104
8;Chapter 6: Engine for Sustainable Growth;106
8.1;6.1 Focusing on the Supply Factors;106
8.2;6.2 Labor Productivity;111
8.3;6.3 Capital-Labor Ratio;114
8.4;6.4 Total Factor Productivity;118
8.5;References;121
9;Chapter 7: Sustaining Demographic Dividend;122
9.1;7.1 Future Challenges of Employment;122
9.2;7.2 Will Education Be Excessive?;129
9.3;7.3 Dealing with “Getting Old Before Getting Rich”;135
9.4;References;139
10;Chapter 8: Realization of Inclusive Growth;141
10.1;8.1 To Improve Labor Force Participation Rate;141
10.2;8.2 The True Meaning of Urbanization;146
10.3;8.3 Agriculture Should Be Self-Supporting;150
10.4;References;158
11;Chapter 9: Digging the Institutional Dividend;159
11.1;9.1 Breaking Government Paradox;159
11.2;9.2 Removing Allocation Obstacles;164
11.3;9.3 Fear for Poverty and Unequal Distribution;167
11.4;9.4 Social Protection Is Not a Negative Incentive;174
11.5;References;181
12;Chapter 10: Embracing the Great Renaissance;182
12.1;10.1 “Needham Puzzle”;182
12.2;10.2 Two “Century Goals”;188
12.3;10.3 China’s Version of “Income Doubling Programme”;190
12.4;10.4 Connotations of Modernization;193
12.5;10.5 Climbing Growth and Difficulty Overcoming;196
12.6;References;198