Download or read book China Surpassing the Middle Income Trap written by Shaojie Zhou and published by Springer Nature. This book was released on 2020-10-02 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book explores one of the most fiercely debated issues in China: if and how China will surpass the middle income trap that has plagued many developing countries for years. This book gives readers a clear picture of China today and acts as a reference for other developing countries. China is facing many setbacks and experiencing an economic slowdown in recent years due to some serious issues, and income inequality is one such issue deferring China’s development potential by creating a middle income trap. This book thoroughly investigates both the unpromising factors and favorable conditions for China to overcome the trap. It illustrates that traps may be encountered at any stage of development and argues that political stability is the prerequisite to creating a favorable environment for economic development and addressing this “middle income trap”. Written by one of China's central planners, this book offers precious insights into the industrial policies that are transforming China and the world and will be of interest to China scholars, economists and political scientists.
Download or read book China Surpassing the Middle Income Trap written by Shaojie Zhou and published by . This book was released on 2021 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book explores one of the most fiercely debated issues in China: if and how China will surpass the middle income trap that has plagued many developing countries for years. This book gives readers a clear picture of China today and acts as a reference for other developing countries. China is facing many setbacks and experiencing an economic slowdown in recent years due to some serious issues, and income inequality is one such issue deferring China's development potential by creating a middle income trap. This book thoroughly investigates both the unpromising factors and favorable conditions for China to overcome the trap. It illustrates that traps may be encountered at any stage of development and argues that political stability is the prerequisite to creating a favorable environment for economic development and addressing this "middle income trap". Written by one of China's central planners, this book offers precious insights into the industrial policies that are transforming China and the world and will be of interest to China scholars, economists and political scientists. Shaojie Zhou received his Ph.D. degree in Economics from the Chinese University of Hong Kong in 2007. Currently, Zhou serves as the associate professor of School of Public Policy and Management, the deputy director of the Institute for International Development and Global Governance at the school and a research fellow at the Institute of Contemporary China Studies at Tsinghua University, China. His research interests include development research and policy, the Chinese economy, international development, and global governance. Angang Hu now serves as the Professor of the Institute of State and Global Governance, Dean of the Institute of Contemporary China Studies, at Tsinghua University, China. He was a member of the Advisory Committee for the Thirteenth, Twelfth and Eleventh Five-Year Plans under the National Development and Reform Commission.
Download or read book China Surpassing the Middle Income Trap written by Shaojie Zhou and published by Palgrave Macmillan. This book was released on 2020-10-06 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book explores one of the most fiercely debated issues in China: if and how China will surpass the middle income trap that has plagued many developing countries for years. This book gives readers a clear picture of China today and acts as a reference for other developing countries. China is facing many setbacks and experiencing an economic slowdown in recent years due to some serious issues, and income inequality is one such issue deferring China’s development potential by creating a middle income trap. This book thoroughly investigates both the unpromising factors and favorable conditions for China to overcome the trap. It illustrates that traps may be encountered at any stage of development and argues that political stability is the prerequisite to creating a favorable environment for economic development and addressing this “middle income trap”. Written by one of China's central planners, this book offers precious insights into the industrial policies that are transforming China and the world and will be of interest to China scholars, economists and political scientists.
Download or read book A New Economic Growth Engine for China written by Wing Thye Woo and published by World Scientific. This book was released on 2012 with total page 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book China s Innovation Challenge written by Arie Y. Lewin and published by Cambridge University Press. This book was released on 2016-04-14 with total page 505 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book argues that China must become an innovation-based economy to avoid the middle-income traps, and examines both the opportunities and challenges in meeting this goal.
Download or read book China s Reform to Overleap the Middle Income Trap written by Yining Li and published by Springer. This book was released on 2019-07-13 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses how China could avoid the middle-income trap. Professor Li Yining proposed the framework and wrote the first article. Under Li’s guidance, other articles were written by researchers at the Guanghua School of Management, Peking University. It is well known that China's reform has been highly successful, but there are still many unsolved institutional problems. The book’s authors suggest that the middle-income trap is composed of three traps. Firstly, there is the “development system trap”. Secondly, the “social crisis trap ” and finally, the “technology trap”. In order to avoid these traps, it is important for China to intensify its economic reform, to lessen the gap between the rich and poor, and to enhance innovations in technology as well as the capital market.This book uses both theoretical and case studies to discuss agricultural modernization, new urbanization, the urban-rural gap, income growth, community management, pastoral areas of medicine and the newly-industrializing economy, etc.
Download or read book China s Challenges in Moving towards a High income Economy written by Ligang Song and published by ANU Press. This book was released on 2021-09-02 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: With its per capita income surpassing US$10,000, China has now drawn up ambitious plans to further lift its income to the level of developed countries. Yet various constraints need to be overcome if China is to build on the achievements of the last 40 years and further boost its growth potential. Besides these constraints, the year 2020 saw human societies hit heavily by the COVID-19 pandemic and the global economy caught off guard and dipped into recessions caused by lockdown measures for controlling the spread of the pandemic. Nations around the world have experienced grave loss of human life and lockdown measures have knocked economies from their normal growth trajectories. Even as the pandemic continues to unfold, all signs point to China as being the first major economy to have emerged out of the crisis. But many questions remain. Has the Chinese economy emerged from the pandemic crisis relatively unscathed? What are the long-term prospects for its economy? This year’s Update book, China’s Challenges in Moving towards a High-income Economy, explores the challenges faced by the Chinese economy in the transition towards a high-income economy, including agricultural development, finance and fiscal system reform, RMB internationalisation, trends in urbanisation, as well as topics related to innovation, corporate sector development and market competition. China’s growth experience has been full of exciting changes and important lessons for reform and structural changes, and this year’s China Update is again the way to gain insights into these.
Download or read book Understanding China s Economy written by Fang Cai and published by Springer Nature. This book was released on 2021-03-23 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book reviews and examines the reform and opening up in China from 1978 to 2011. It analyzes how China avoided to fall into the middle-income trap over those 33 years. The book makes a deep analysis of understanding how Chinese economy became a miracle in the world economic history and its development stages, as well as the overseas erroneous understanding of the existence of Chinese economy. The author analyzes from three aspects: how to break the “impossible triangle”, how to achieve middle-to-high speed growth in L model, and how to release a new dividend of urbanization. After Chinese economy entered the Lewis turning point, China faced the dilemma of labor transformation and the disappearance of demographic dividend, the demographic dividend turned to the reform dividend. The author points out and suggests that a new round of growth should be achieved by improving the total factor productivity in order to find a new way for the Chinese economy. This book plays an important role of comprehending Chinese economy under current complex economic situation. This book helps readers to understand Chinese economy from many aspects: impossible triangle, L model growth, Malthus trap, dual economy, aging problem, demographic dividend, reform dividend, trap of middle income, globalization, etc. The author as an economist aims for the public explaining the professional knowledge in a concise and easy way. This book delivers the information of discerning and understanding the economic trend, and predicting the future.
Download or read book Growing Beyond the Low Cost Advantage written by Juzhong Zhuang and published by Asian Development Bank. This book was released on 2012-10-01 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economic success of the People's Republic of China (PRC) over the last three decades has brought with it new challenges. With a per capita gross national income of $4,930 in 2011, the PRC has just passed the threshold of upper-middle-income status and it still has a long way to go before becoming a high-income country. But with rising wages and population aging, growth will have to be increasingly driven by productivity improvement through innovation and industrial upgrading---the PRC needs to move from a lowcost to a high-value economy. Moreover, rapid growth has exposed several structural problems, in particular, economic imbalances, rising inequality, resource constraints, and environmental degradation. If not addressed, these problems could hinder PRC's efforts in moving toward a high-value economy and increase the risk of getting caught in what is increasingly known as the "middle-income trap."
Download or read book An East Asian Renaissance written by Indermit Singh Gill and published by World Bank Publications. This book was released on 2007 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: An East Asian Renaissance, by a World Bank team led by Chief Economist for East Asia & Pacific, Dr Homi Kharas and Economic Adviser, Dr Indermit Gill is the first comprehensive analysis of the new forces and challenges at play in the region since the Bank's seminal report of 1993, The East Asian Miracle. The report argues that regional flows of goods, finance and technology are helping even smaller East Asian countries reap the benefits of economies of scale and that this regional integration must be encouraged. But it also points out that these measures have to be supported by actions at the domestic level to ease the stresses and strains that rapid economic growth leaves in its wake. East Asia must now turn to the urgent domestic challenges of inequality, social cohesion, corruption and environmental degradation arising from its economic success.
Download or read book Making Of An Economic Superpower The Unlocking China s Secret Of Rapid Industrialization written by Yi Wen and published by World Scientific. This book was released on 2016-05-13 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rise of China is no doubt one of the most important events in world economic history since the Industrial Revolution. Mainstream economics, especially the institutional theory of economic development based on a dichotomy of extractive vs. inclusive political institutions, is highly inadequate in explaining China's rise. This book argues that only a radical reinterpretation of the history of the Industrial Revolution and the rise of the West (as incorrectly portrayed by the institutional theory) can fully explain China's growth miracle and why the determined rise of China is unstoppable despite its current 'backward' financial system and political institutions. Conversely, China's spectacular and rapid transformation from an impoverished agrarian society to a formidable industrial superpower sheds considerable light on the fundamental shortcomings of the institutional theory and mainstream 'blackboard' economic models, and provides more-accurate reevaluations of historical episodes such as Africa's enduring poverty trap despite radical political and economic reforms, Latin America's lost decades and frequent debt crises, 19th century Europe's great escape from the Malthusian trap, and the Industrial Revolution itself.
Download or read book China s Path to Overcoming the Double Middle Income Traps written by Peilin Li and published by . This book was released on 2017 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: China is at a crucial stage of overcoming the middle-income trap, with the factors that drive economic growth having undergone significant changes, and domestic consumption playing a more important role in economic growth. It is necessary, at this point, to promote mass consumption by expanding the middle-income group. The present paper puts forward the concept of the "double middle-income traps." This refers to the situation in which an economy's per capita output stagnates and the size of the middle-income group is unable to expand for an extended period of time. These two factors are closely related. Based on data from the Chinese Social Survey conducted by the Institute of Sociology at the Chinese Academy of Social Sciences, the present paper analyzes the scale and development of middle-income groups, and the relationship among middle-income groups, the middle-class and middle-class identity. The marginal consumption propensities of middle-income groups are also considered. The findings of the paper indicate that the expansion of the middle-income group plays an important role in promoting mass consumption, maintaining continuous and stable economic growth, and overcoming the double middle-income traps.
Download or read book Finding a Way to Avoid the Middle Income Trap The Cases of China and Peru written by 张宇燕 and published by BEIJING BOOK CO. INC.. This book was released on 2021-10-01 with total page 502 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book summarizes and compares the key ideas from the Chinese and Peruvian cases across various important topics to study the middle-income trap, such as the main driving forces of a potential trap in each case; the common challenges and the main differences in the economic transitions; the different issues faced as a result of the opening-up of China and Peru; the differences and coincidences between their respective regional development processes and the key role of human capital in avoiding the middle-income trap at regional level; the importance of infrastructure investments; the role of innovation for China’ s future growth versus the limitations that informality places on the capacity of formal firms to innovate in Peru, among other issues. On the whole, this academic effort by Chinese and Peruvian scholars will contribute to mutual understanding and to enlarging cooperation from both sides.
Download or read book Middle Income Trap written by Zhijie Zheng and published by Springer Nature. This book was released on 2020-09-21 with total page 680 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the essence of the middle-income trap based on two major perspectives, namely “economic transformation” and “social transformation”. China has experienced high-speed economic growth for nearly 40 years since the adoption of the Reform and Opening policies. However, China’s economic growth has been slowing down significantly in recent years. Has China tumbled into the middle-income trap? This book reveals the essence of the middle-income trap is that a country's economic growth is facing a "double squeeze" in the middle-income stage, while the social structure and system are unsuitable for the new social development stage, which leads to economic stagnation or recession, and the aggravation of social contradictions, that is, the double predicament of economic transformation and social transformation. This judgment is of great value for understanding the problems encountered in the current development of China.
Download or read book Avoiding the Fall written by Michael Pettis and published by Brookings Institution Press. This book was released on 2013-09-24 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt: The days of rapid economic growth in China are over. Mounting debt and rising internal distortions mean that rebalancing is inevitable. Beijing has no choice but to take significant steps to restructure its economy. The only question is how to proceed. Michael Pettis debunks the lingering bullish expectations for China's economic rise and details Beijing's options. The urgent task of shifting toward greater domestic consumption will come with political costs, but Beijing must increase household income and reduce its reliance on investment to avoid a fall.
Download or read book Managing the Middle Income Transition written by Juzhong Zhuang and published by Edward Elgar Publishing. This book was released on 2015-02-27 with total page 593 pages. Available in PDF, EPUB and Kindle. Book excerpt: The growth model of the People�s Republic of China (PRC) has been based on high investment and exports, a low-cost advantage, and government interventions. This model has successfully transformed the country from a low-income to an upper middle-income
Download or read book The Middle Income Trap written by Daniel Blasingame and published by . This book was released on 2018 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: Despite being the world's largest economy, China remains a third world nation. This classification is synonymous with having a middle-income per capita economy. China has been the fastest growing economy and is on the verge of breaking its barriers, but economists have developed middle-income trap theory, which may threaten China's historic rise. In order to break through the trap, theorist suggest a country adapt their economic policies to its own economy. China may be addressing the issue another way. The One Belt, One Road initiative is a global endeavor which may expand China's economy, beyond its own boarders. The initiative may solve all of China's internal demand problems in the cement, steel, and aluminum industries. Will the OBOR initiative be sufficient?
