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The Price Of China S Economic Development

Author: Zhaohui Hong
Publisher: University Press of Kentucky
ISBN: 0813161169
Size: 64.53 MB
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The People's Republic of China has experienced significant transformations since Deng Xiaoping instituted economic reforms in 1978. Subsequent leaders continued and often broadened Deng's policies, shifting the nation from agrarianism to industrialism, from isolation to internationalism, and from centralized planning to market-based economics. As the world strives to understand the nation's rapid development, few observers have comprehensively examined the social and cultural price of the economic boom for the majority of the Chinese people. Zhaohui Hong assesses the sociocultural consequences of these reforms in this provocative study. He contends that modern China functions as an oligarchy or plutocracy ruled by an alliance of political power and private capital where the boundaries between the private and public sectors are constantly shifting. This "power-capital institution" based on three millennia of Confucian ideology and decades of Maoist communism exercises monopolistic control of public resources at the expense of civil society and social justice for the majority of citizens. The Price of China's Economic Development urges policymakers to alter their analytic lens. While industrial and commercial development is quantitatively measured, Hong argues that social progress should be assessed qualitatively, with justice its ultimate goal and fair allocation of resources and opportunity as the main index of success. This sophisticated analysis introduces English speakers to the varied and significant work of contemporary Chinese scholars and substantially enriches the international dialogue.

Asia Rising

Author: Jim Rowher
Publisher: Simon and Schuster
ISBN: 0684825481
Size: 32.91 MB
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Argues that the economic growth of East and South East Asia will be a great blessing for world prosperity as it becomes an ever-expanding market for Western goods and services

Power And Plenty

Author: Ronald Findlay
Publisher: Princeton University Press
ISBN: 9781400831883
Size: 80.83 MB
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International trade has shaped the modern world, yet until now no single book has been available for both economists and general readers that traces the history of the international economy from its earliest beginnings to the present day. Power and Plenty fills this gap, providing the first full account of world trade and development over the course of the last millennium. Ronald Findlay and Kevin O'Rourke examine the successive waves of globalization and "deglobalization" that have occurred during the past thousand years, looking closely at the technological and political causes behind these long-term trends. They show how the expansion and contraction of the world economy has been directly tied to the two-way interplay of trade and geopolitics, and how war and peace have been critical determinants of international trade over the very long run. The story they tell is sweeping in scope, one that links the emergence of the Western economies with economic and political developments throughout Eurasia centuries ago. Drawing extensively upon empirical evidence and informing their systematic analysis with insights from contemporary economic theory, Findlay and O'Rourke demonstrate the close interrelationships of trade and warfare, the mutual interdependence of the world's different regions, and the crucial role these factors have played in explaining modern economic growth. Power and Plenty is a must-read for anyone seeking to understand the origins of today's international economy, the forces that continue to shape it, and the economic and political challenges confronting policymakers in the twenty-first century.

Why Nations Fail

Author: Daron Acemoglu
Publisher: Crown Books
ISBN: 0307719227
Size: 21.15 MB
Format: PDF
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An award-winning professor of economics at MIT and a Harvard University political scientist and economist evaluate the reasons that some nations are poor while others succeed, outlining provocative perspectives that support theories about the importance of institutions. Reprint.

How China Became Capitalist

Author: R. Coase
Publisher: Springer
ISBN: 1137019379
Size: 44.96 MB
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How China Became Capitalist details the extraordinary, and often unanticipated, journey that China has taken over the past thirty five years in transforming itself from a closed agrarian socialist economy to an indomitable economic force in the international arena. The authors revitalise the debate around the rise of the Chinese economy through the use of primary sources, persuasively arguing that the reforms implemented by the Chinese leaders did not represent a concerted attempt to create a capitalist economy, and that it was 'marginal revolutions' that introduced the market and entrepreneurship back to China. Lessons from the West were guided by the traditional Chinese principle of 'seeking truth from facts'. By turning to capitalism, China re-embraced her own cultural roots. How China Became Capitalist challenges received wisdom about the future of the Chinese economy, warning that while China has enormous potential for further growth, the future is clouded by the government's monopoly of ideas and power. Coase and Wang argue that the development of a market for ideas which has a long and revered tradition in China would be integral in bringing about the Chinese dream of social harmony.

Capital In The Twenty First Century

Author: Thomas Piketty
Publisher: Harvard University Press
ISBN: 0674979850
Size: 77.79 MB
Format: PDF, Kindle
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The main driver of inequality—returns on capital that exceed the rate of economic growth—is again threatening to generate extreme discontent and undermine democratic values. Thomas Piketty’s findings in this ambitious, original, rigorous work will transform debate and set the agenda for the next generation of thought about wealth and inequality.

The Moral Consequences Of Economic Growth

Author: Benjamin M. Friedman
Publisher: Vintage
ISBN: 0307773450
Size: 28.51 MB
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From the author of Day of Reckoning, the acclaimed critique of Ronald Reagan’s economic policy (“Every citizen should read it,” said The New York Times): a persuasive, wide-ranging argument that economic growth provides far more than material benefits. In clear-cut prose, Benjamin M. Friedman examines the political and social histories of the large Western democracies–particularly of the United States since the Civil War–to demonstrate the fact that incomes on the rise lead to more open and democratic societies. He explains that growth, rather than simply a high standard of living, is key to effecting political and social liberalization in the third world, and shows that even the wealthiest of nations puts its democratic values at risk when income levels stand still. Merely being rich is no protection against a turn toward rigidity and intolerance when a country’s citizens lose the sense that they are getting ahead. With concrete policy suggestions for pursuing growth at home and promoting worldwide economic expansion, this volume is a major contribution to the ongoing debate about the effects of economic growth and globalization. From the Trade Paperback edition.

China S Economy

Author: Arthur R. Kroeber
Publisher: Oxford University Press
ISBN: 0190239034
Size: 46.77 MB
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China is on track to exceed the United States as the world's largest economy in the next several years. It is already the leading global trading nation. Even though its growth rate has recently slowed from years past, China has had the fastest yearly growth rate of any country for much of thelast three decades. In China's Economy: What Everyone Needs to Know, Arthur Kroeber offers an overview of the highlights of China's development since economic reforms were initiated under Deng Xiaoping in 1979. He argues that manufacturing, agricultural change, and construction reoriented the economy in the 1980s and1990s through state-owned enterprises, private entrepreneurship, and foreign investment. Those shifts unleashed perhaps the largest migration ever in world history from rural areas to urban centers, accompanied by a no less unprecedented expansion of infrastructure. Changes in the country's fiscaland financial systems vastly increased China's monetary holdings from the 1990s onwards, leading to the country's strategic holding of more U.S. debt than any other nation. Kroeber also examines economic growth as it has been experienced by Chinese workers and consumers, including the mountingproblems of income and wealth inequality, corruption, and environmental degradation. Kroeber ultimately turns to the consequences of Chinese economic growth: its decisive impact on the world economy, its visible and challenging resource extraction from Africa and Latin America, and its increasingengagement with global economic institutions.

China Inc

Author: Ted C. Fishman
Publisher: Simon and Schuster
ISBN: 9780743257527
Size: 17.13 MB
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Predicting economic challenges that the author believes will occur as a result of China's growing ability to produce U.S. products more cheaply, an economic analysis draws on hundreds of interviews with Chinese, American, and European workers and businesspeople that draw conclusions about China's future as a superpower. 75,000 first printing.

A New Economic Growth Engine For China

Author: Wing Thye Woo
Publisher: World Scientific
ISBN: 9814425567
Size: 56.56 MB
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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. Contents: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)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 He)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)Institutional Reforms for Middle-term Growth: Upgrading the Hardware and Software:Reforming China's Public Pension System: Coping Effectively with Aging, Urbanization and Globalization (Jin Feng and Lixin He)Unraveling the Gridlock on Fiscal Reform in China: Government, Market and Central-local Relations (Yan Zhang)China's Financial Sector Development: Understanding the Past and Shaping the Future (Liqing Zhang and Xiaofen Tan)On Regional and Inter-household Inequality in China (Guanghua Wan, Jingjing Ye and Juzhong Zhuang)Strengthening the Long-term Growth Fundamentals: Sustaining the Power Supply:Ensuring Efficiency and Equality in China's Urbanization and Regional Development Strategy (Zhao Chen and Ming Lu)China 2049: Energy Security and Climate Change (Klaus S Lackner and Sarah Brennan)The Sustainability of Water Resources in China (Ximing Cai and Upmanu Lall) Readership: Researchers, students and readers interested in China's economy. Keywords:China;Chinese Economy;Asian Economies;Policies;Economic ReformReviews: "China has enjoyed an unusually long run of high ‘catch-up’ economic growth. Continuing to close the income gap between China and the highest income countries, however, poses new and more demanding challenges. This book edited by Wing Thye Woo et al. and including essays by some of China's best economists is a first rate effort to both define these challenges and to suggest solutions." Dwight Perkins Professor Emeritus of Economics, Harvard University "Will China keep growing rapidly to become a high-income country? No question is more consequential for the world economy. In this book, some of the best analysts of China examine the challenges and give us important answers." Ross Garnaut Chair, China Studies Program, Crawford School of Public Policy, Australian National University Former Ambassador of Australia to China "The economic problems that China faces are very complicated. The boldly creative solutions offered deserve serious study by policy-makers not only in China but also in other large countries because of the broad applicability of the innovative policy perspective that guides the analyses." Yang Yuliang President, Fudan University