Demystifying the Chinese Economy

Name: Demystifying the Chinese Economy
Price: 10.37 USD
Availability: InStock
ISBN: 9780521181747

ISBN-10: 0521181747

ISBN-13: 9780521181747

Edition: 2011

Authors: Justin Yifu Lin

List price: $47.95

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Description:

China was the largest and one of the most advanced economies in the world before the eighteenth century, yet declined precipitately thereafter and degenerated into one of the world's poorest economies by the late nineteenth century. Despite generations' efforts for national rejuvenation, China did not reverse its fate until it introduced market-oriented reforms in 1979. Since then it has been the most dynamic economy in the world and is likely to regain its position as the world's largest economy before 2030. Based on economic analysis and personal reflection on policy debates, Justin Yifu Lin provides insightful answers to why China was so advanced in pre-modern times, what caused it to…

Book details

List price: $47.95
Copyright year: 2011
Publisher: Cambridge University Press
Publication date: 10/27/2011
Binding: Paperback
Pages: 330
Size: 5.98" wide x 8.98" long x 0.63" tall
Weight: 1.144
Language: English



List of figures


List of tables


Preface



Opportunities and challenges in China's economic development



Why the Scientific and Industrial Revolutions bypassed China



The great humiliation and the Socialist Revolution



The comparative advantage-defying, catching-up strategy and the traditional economic system



Enterprise viability and factor endowments



The comparative advantage-following development strategy



Rural reform and the three rural issues



Urban reform and the remaining issues



Reforming the state-owned enterprises



The financial reforms



Deflationary expansion and building a new socialist countryside



Improving the market system and promoting fairness and efficiency for harmonious development



Reflections on neoclassical theories


Appendix Global imbalances, reserve currency, and global economic governance


Index