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China - Linking Markets for Growth

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ISBN: 9781921313387 Year: Pages: 450 DOI: 10.26530/OAPEN_458870 Language: English
Publisher: ANU Press
Subject: Economics
Added to DOAB on : 2012-06-14 11:46:24
License: ANU Press

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China’s prosperity is at the core of the emerging Platinum Age of global economic growth. Rapid economic growth has been underpinned by expansion in its domestic markets, and the integration of domestic and international markets in goods, services, capital, labour and foreign exchange. Global commodity prices have reached historic highs, while China’s capital outflows have helped to hold down interest rates worldwide. Linking markets, both domestic and international, has been key to China’s success. In sustaining its strong economic growth, China has become one of the world’s most voracious consumers of energy. The challenge now facing the government and people of China is in achieving cooperation with the international community to avert the costs–both economic and environmental–of accelerating energy consumption.&#xD;&#xD;China–Linking Markets for Growth gathers together leading scholars on China’s economic success and its effect on the world economy into the next few decades.

The China Boom and its Discontents

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ISBN: 9781731537270 Year: Pages: 267 DOI: 10.26530/OAPEN_458871 Language: English
Publisher: ANU Press
Subject: Economics
Added to DOAB on : 2014-01-27 08:26:10
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Economic policy; Commercial policy; Industrialization; Economic conditions; China

The Turning Point in China's Economic Development

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ISBN: 9781920942762 Year: Pages: 390 DOI: 10.26530/OAPEN_459745 Language: English
Publisher: ANU Press
Subject: Economics
Added to DOAB on : 2014-01-27 08:27:42
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Economic policy; Economic conditions; Industrialization; China

China: Twenty Years of Economic Reform

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ISBN: 9781922144454 Year: DOI: 10.26530/OAPEN_459887 Language: English
Publisher: ANU Press
Subject: Economics --- Languages and Literatures
Added to DOAB on : 2014-03-03 22:50:08
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China: Twenty Years of Reform outlines the experiences of China over the past two decades. It highlights the processes of reform, successes achieved, and problems faced during the economic transition.&#xD;&#xD;“China, and its relations with the international community, have been transformed. China’s economy has expanded five times, and its foreign trade by twelve. It has greatly increased consumption levels of what had been about half of the world’s people in poverty.”&#xD;&#xD;- Ross Garnaut&#xD;&#xD;“Tremendous progress has been made over the past twenty years, but much more needs to be done in setting up a more open, efficient and transparent trade system, in line with the requirements of the WTO.”&#xD;&#xD;- Ligang Song&#xD;&#xD;“Radical reform is neither in China’s tradition, nor is it an easy task. Given the difficulties of the reform task and the structure of the political economy, it will probably take a few more years for China to accomplish SOE reform and reforms in other areas.”&#xD;&#xD;- Yiping Huang&#xD;&#xD;“The most remarkable aspect of China’s agricultural reform was it’s “spillover” effect. Non-agricultural activities in rural China sprang up immediately after the reforms began—the gross output value of TVEs grew at 24 per cent per annum from 1978 to 1995 and employment grew at 9 per cent per annum.”&#xD;&#xD;- Yongzheng Yang

Keywords

economics --- economic growth --- china

China: New Engine of World Growth

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ISBN: 9781922144546 Year: DOI: 10.26530/OAPEN_459889 Language: English
Publisher: ANU Press
Subject: Economics --- Languages and Literatures
Added to DOAB on : 2014-03-03 22:50:35
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Twenty-five years of reform have transformed China from a centrally planned and closed system to a predominantly market-driven and open economy. As a consequence, China is emerging as the new powerhouse for the world economy. China: new engine for world growth discusses the impact and significance of this transformation. It points out risks to the growth process and unfinished tasks of reform. It presents conclusions from recent research on growth, trade and investment, the financial sector, income and regional disparities, industrial location and private sector development. Ross Garnaut is a Professor of Economics in the Research School of Pacific and Asian Studies, and Chairman of the China Economy and Business Program at The Australian National University. He was Australia’s Ambassador to China in the 1980s.&#xD;&#xD;Ligang Song is a Fellow in the Asia Pacific School of Economics and Government, and Director of the China Economy and Business Program at The Australian National University.

Keywords

economics --- economic growth --- china

China 2002: WTO entry and world recession

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ISBN: 9781922144522 Year: DOI: 10.26530/OAPEN_459894 Language: English
Publisher: ANU Press
Subject: Economics --- Languages and Literatures
Added to DOAB on : 2014-03-03 22:50:51
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In 2002 China enters the WTO. Long awaited by the world’s trading economies, it now comes in a year of global recession. What effect will China’s entry into the WTO have at a difficult time? The rapid expansion of China’s trade has required large adjustment in its trading partners, and the expansion and adjustment will accelerate with WTO entry. The internal adjustment pressures in China from WTO entry are also immense. Recently dubbed Australia’s Ambassador to the region by Rowan Callick of the Financial Review, Ross Garnaut was Australia’s ambassador to China through an earlier exciting period when China took its first major steps towards opening to international trade and investment. He was instrumental in the development of China’s thinking about the WTO.&#xD;&#xD;Ross Garnaut is Chairman of the China Economy and Business Program at The Australian National University. Australian members of the Program and their associates gather each year for the China Update.&#xD;&#xD;Ligang Song is leading authority on the internationalisation of the Chinese economy and on the development of the private sector in China. He has worked at Peking University and People’s University in Beijing and at the International University in Tokyo.

Keywords

economics --- economic growth --- china

China: A New Model for Growth and Development

Authors: ---
ISBN: 9781921666483 Year: DOI: 10.26530/OAPEN_459949 Language: English
Publisher: ANU Press
Subject: Economics --- Languages and Literatures
Added to DOAB on : 2014-03-03 22:51:21
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The Chinese economy is undergoing profound change in policy and structure. The change is necessary to increase the value of growth to the Chinese

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economics --- economic growth --- china

China's New Place in a World in Crisis

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ISBN: 9781921536977 Year: Pages: 461 DOI: 10.26530/OAPEN_458873 Language: English
Publisher: ANU Press
Subject: Economics
Added to DOAB on : 2012-06-14 11:46:24
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The world and China’s place in it have been transformed over the past year. The pressures for change have come from the most severe global financial crisis ever. The crisis has accelerated China’s emergence as a great power. But China and its global partners have yet to think or work through the consequences of its new position for the governance of world affairs. China’s New Place in a World in Crisis discusses and provides in-depth analysis of the following questions. How have China’s growth prospects been affected by the global crisis? How will the crisis and China’s response to it impact China’s major domestic issues, such as industrialisation, urbanisation and the reform of the state-owned sector of the economy? How will the crisis and the international community’s response to it affect the rapidly emerging new international order? What will be China’s, and other major developing countries’, new role? Can China and the world find a way of breaking the nexus between economic growth and environmental sustainability — especially on the issue of climate change?

Keywords

economy --- china

China: The Next Twenty Years of Reform and Development

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ISBN: 9781921666292 Year: Pages: 399 DOI: 10.26530/OAPEN_458874 Language: English
Publisher: ANU Press
Subject: Economics
Added to DOAB on : 2012-06-14 11:46:24
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China has made some remarkable achievements during the first three decades of economic reform and opening up, rising to become one of the world’s most dynamic and globally-integrated market economies. Yet there remains much unfinished business on the reform and development agenda, coupled with newly emerging challenges. China: The Next Twenty Years of Reform and Development highlights how the deepening of reforms in critical areas such as domestic factor markets, the exchange rate regime and the health system, combined with the strengthening of channels for effective policy implementation, will enable China to cope with the challenges that lie ahead. These include responding to the pending exhaustion of the unlimited supply of labour; playing a constructive role in reducing global trade imbalances; enhancing firms’ ability to innovate; coping with migration, urbanisation and rising inequalities on scales unknown in world history; and dealing with rising energy and metal demand in an era in which low-carbon growth has become a necessity rather than a choice.

Keywords

economy --- reform --- development --- china

Deepening Reform for China’s Long-term Growth and Development

Authors: --- ---
ISBN: 9781925021769 Year: DOI: 10.26530/OAPEN_496494 Language: English
Publisher: ANU Press
Subject: Economics
Added to DOAB on : 2014-08-04 11:01:18
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The Chinese economy has entered a new phase of development in which sources of growth are not so much dependent upon pure increases in labour, investment and credit expansion, but from productivity improvement, structural changes, technological progress and the benefits from improvement of the social security and welfare improvement. When market functions are fully established to become a main channel for allocating resources, the entrepreneurship will flourish engaging in more innovative activities, workers will move more freely and have more incentives to improve their skills, firms will become more productive through market entry and exit, the economic structure will become more balanced because of the improved resource allocation, and in the end, growth will become more spontaneous and sustainable. In this sense, reforms could deliver ‘dividend’ by raising China’s potential economic growth rates. For China to confront all the challenges it faces at present, the reforms undertaken now have to be deep, comprehensive and far-reaching in order to succeed in paving the way for China to complete the task of transformation in the long-term. There is no better alternative than deepening the market-oriented reform in advancing the course of China’s modernisation for future development and prosperity and lifting China to the status of a developed economy in the next two decades. The recent China update books have covered the topic of reform from different angles and this new book is another attempt to address this important issue.

Keywords

economy --- transformation --- expansion --- china

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