Understanding China's Economy

The Turning Point and Transformational Path of a Big Country

Fang Cai (Autor)

Buch | Hardcover

278 Seiten

2021 | 1st ed. 2021
Springer Verlag, Singapore
978-981-336-321-2 (ISBN)

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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.

Cai Fang is the chief expert of National Think Tank and Academician of the Chinese Academy of Social Sciences. He is a member of the Standing Committee and Vice Chairman of the Agricultural & Rural Affairs Committee of the 13th National People’s Congress of China. Professor Cai’s research interests include: China’s economic reform and development, population economics, labor economics, and poverty. Professor Cai’s recent publications include: Demystifying the Economic Growth in Transition China, China’s Economic Development and Its Implications for the World.

Section 1 China’s MiracleChapter 1 Understanding the Stages of Economic Development

Chapter 2 How Fast has the Chinese economy grown?

Chapter 3 Understanding China's Development

Chapter 4 Escaping misunderstandings about the relationship between population and the economy

Section 2 The Development Turning Point

Chapter 5 The Lewis turning point for large countries

Chapter 6 The demographic transition and labour supply

Chapter 7 The challenges after the Lewis turning point

Chapter 8 China's second demographic dividend

Section 3 Sidestepping the Trap

Chapter 9 China's inevitable speed bump

Chapter 10 Understanding the Middle Income Trap

Chapter 11 Employment issues: from the aggregate to the structural

Chapter 12 The income distribution Kuznets turning point

Section 4 Creating a New Miracle

Chapter 13 Can China create another economic miracle?

Chapter 14 From the demographic dividend to the reform dividend

Chapter 15 From the demographic dividend to the open dividend

Erscheinungsdatum	06.04.2021
Zusatzinfo	35 Illustrations, black and white; VIII, 278 p. 35 illus.
Verlagsort	Singapore
Sprache	englisch
Maße	155 x 235 mm
Themenwelt	Sachbuch/Ratgeber ► Beruf / Finanzen / Recht / Wirtschaft ► Wirtschaft
Themenwelt	Wirtschaft ► Volkswirtschaftslehre
Schlagworte	china's economy • Chinese Miracle • demographic dividend • Employment • Globalization • Lewis turning point • Population transformation and labor supply • Reform and Opening Up • Reform Dividend • Trap of Middle Income
ISBN-10	981-336-321-5 / 9813363215
ISBN-13	978-981-336-321-2 / 9789813363212
Zustand	Neuware