China's Remarkable Economic Growth
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Product details:
- Publisher OUP Oxford
- Date of Publication 12 April 2012
- ISBN 9780199698691
- Binding Hardback
- No. of pages356 pages
- Size 235x158x24 mm
- Weight 664 g
- Language English
- Illustrations 23 Figures and 55 Tables 0
Categories
Short description:
China's economy has been growing at ten per cent per annum for the last three decades. This book considers one of the biggest questions facing contemporary economists: why and how is the Chinese economy growing so fast?
MoreLong description:
How has the Chinese economy managed to grow at such a remarkable rate - no less than ten per cent per annum - for over three decades? This well-integrated book combines economic theory, empirical estimation, and institutional analysis to address one of the most important questions facing contemporary economists. A common thread that runs throughout the book is the underlying political economy: why China became a 'developmental state', and how it has maintained itself as a 'developmental state'.
The book examines the causal processes at work in the evolution of China's institutions and policies. It estimates cross-country and cross-province growth equations to shed light on the proximate, and some of the underlying, determinants of the growth rate. It explores important consequences of China's growth, posing a series of key questions, such as: is the economy running out of unskilled labour; why and how has inequality risen; has economic growth raised happiness; what are the social costs of the overriding priority accorded to growth objectives; can China continue to grow rapidly, or will the maturing economy, or the macroeconomic imbalances, or financial crisis, or social instability, bring it to an end?
Based mainly on original research, this book will be of interest to growth economists, development economists, transition economists, China specialists, policy-makers, and indeed all those who are intrigued by the Chinese growth phenomenon.
A superb introduction to China. It could easily be used as a summary reading for a semester-length Chinese economy course, or as script for a China economist introducing Chinas economic reform process to any audience ... The China economist will appreciate the comprehensive coverage, meticulously detailed work, elaborate incorporation of existing literature, and careful argumentation. All others, from students enrolled in a Chinese economy course to the general readership, will appreciate the accessibility of solid work on Chinas economic growth and its consequences.
Table of Contents:
PART 1: INTRODUCTION
Setting the Stage
Approaches to Understanding Economic Growth
The Evolution of Economic Reform
PART II: THE DETERMINANTS OF CHINA'S ECONOMIC GROWTH
China in a Cross-Country Growth Perspective
The Basic Cross-Province Growth Equation
The Role of Physical and Human Capital Formation
The Role of Structural Change: Trade, Ownership, Industry
Why Does China Invest so Much?
PART III: THE CONSEQUENCES OF CHINA'S ECONOMIC GROWTH
Economic Growth and the Labour Market
Economic Growth and Inequality
Economic Growth and Happiness
PART IV: CONCLUSION
Economic Growth in China: Prospect
Economic Growth in China: Retrospect
