Format:
1 Online-Ressource (271 Seiten)
ISBN:
9789813363229
Note:
Description based on publisher supplied metadata and other sources
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Intro -- Contents -- Part I China's Miracle -- 1 Understanding the Stages of Economic Development -- Demarcating Stages of Economic Development -- The Malthusian Poverty Trap: The Long Dark Night Before the "Grand Divergence" -- Driven by the Demographic Dividend: The Lewis Model -- The Lewis Turning Point and the Middle Income Trap -- Solow's Neo-classical Growth: Innovation Changes the World -- 2 How Fast Has the Chinese Economy Grown? -- Sustained, Rapid Growth: China's Economic Miracle -- The Achievements of China's Economic Growth -- China's Economic Growth is Undeniable -- How to Interpret the Judgment That China Is 'No. 1' for GDP -- On Calculations of China's Potential Growth Rate -- Declining Actual and Potential Growth Rates -- Stimulatory Policies Should Not Be Used to 'Preserve Growth' -- Raising the Potential Growth Rate Through Reforms -- The Chinese Economic Miracle and the Logic of Its Continuation -- 3 Understanding China's Development -- The Riddle of China's Development: A Noble Prize Grade Question -- Researching the Chinese Economy with a Critical Mindset -- Avoiding Biased Mindsets -- Counterfactuals -- Conventional Wisdom -- For Want of a Nail -- Stylised Facts About Economic Growth -- Kuznet's Facts on Modern Economic Growth -- Palant-Prescott Development Facts -- The Kaldor Facts -- The New Kaldor Model -- Decoding the Mystery of the 'Deceleration' of the Chinese Economy -- Why is There a Middle Income Trap -- Old Comparative Advantage Gone, New Comparative Advantage MIA -- Changes to Sources of Growth -- 4 Escaping Misunderstandings About the Relationship Between Population and the Economy -- A Large Population is No Barrier to Economic Growth -- The Ageing of the Population is Inevitable -- The Inevitable Disappearance of the Demographic Dividend -- Labour Supply is a Finite Resource
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Labour Shortages are Not an Excuse to Ignore Employment -- Part II The Development Turning Point -- 5 The Lewis Turning Point for Large Countries -- How to Understand the Lewis Turning Point -- The Critical Point: From the Turning Point to Turning Interval -- Controversy Over the Lewis Turning Point -- How a 'Large Country Economy' Differs -- Defining Large (and Small) Countries and Their Characteristics -- China's Large Country Economy -- The Flying Geese Paradigm Can Restructure the National Layout -- The Evolution and Key Aspects of the Flying Geese Paradigm -- Why There Needs to Be a Chinese National Flying Geese Paradigm -- Digression -- 6 The Demographic Transition and Labour Supply -- China's Semographic Transition -- The Demographic Transition and the Development Stages of the Dual Economy -- The Curse of Being 'Old Before Rich' -- The Grand Reversal: Labour Supply and Demand -- Labour Shortages and Employment Difficulties -- Reducing the 'Old Before Rich' Gap -- 7 The Challenges After the Lewis Turning Point -- Two Difficulties: Should Wages Rise? -- Delaying the Momentum of Rising Labour Costs -- The Difficulties of Three Groups: The Latent Fragility of Labour -- The State of the Agricultural Workforce -- Changes to the Agricultural Workforce -- The Demographic Characteristics of the Agricultural Workforce -- Post Turning Point Rural Labour Transitions -- References -- 8 China's Second Demographic Dividend -- Is the Chinese Turning Point Special? -- The Second Demographic Dividend -- Enormous Potential: Savings Rate and the Pension System -- Raising Skill Sets and Maintaining Comparative Advantages -- References -- Part III Sidestepping the Trap -- 9 China's Inevitable Speed Bump -- Do Not Be Afraid of the Wolf -- How to Set Rational Growth Speed Targets -- Two L Shape Trajectories -- The V Shaped Revival is Outdated
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Short and Medium Term L Shape Growth Trajectories -- A Longer Term L Shape Trajectory -- Reference -- 10 Understanding the Middle Income Trap -- What is the Middle-Income Trap -- The Low Income Stage -- The Middle Income Stage -- The High Income Stage -- The Tetralogy of the Middle Income Trap -- How to Avoid the Middle Income Trap -- Accurately Assessing the Economic Growth Stage -- Unearthing an Institutional Dividend Through Reform -- Developing Education and Training -- 11 Employment Issues: From the Aggregate to the Structural -- Understanding the Labour Market -- The Functions of the Natural Unemployment Rate -- Strong Wage Growth as Bad as Weak Wage Growth -- Employment Structure and Quality -- 12 The Income Distribution Kuznets Turning Point -- We Need to Reacquaint Ourselves with Equality and Efficiency -- The Income Distribution Turning Point: The Kuznets Turning Point -- What Is the Cause for and Origin of Dispute -- Income Distribution Policy Errors -- Part IV Creating a New Miracle -- 13 Can China Create Another Economic Miracle? -- Can the Chinese Economy Continue to Grow? -- New Concepts Guide New Growth -- The Fundamentals of an Improving Economy -- Stimulating Microeconomic Vitality -- Evaluating the New Pattern of Growth -- How to Destroy the 'Xiling Effect' -- Opening the Right Policy Toolbox -- Why Emphasise the 'Three Increases' -- Productivity Guided Industrial Restructuring -- The Key Aspects of Industrial Upgrading -- The Worrisome 'Reverse Kuznets Effect' -- Changing Approaches to the Upgrading of Industrial Structure -- 14 From the Demographic Dividend to the Reform Dividend -- People Centred New Model Urbanisation -- Pathway Outcomes -- The New People Centred Focus -- How to Really Implement People Centred Urbanisation -- The Modernisation of Agricultural Production Methods -- Challenges at the New Stage of Agriculture
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On Traditional Concepts of Economies of Scale -- Scale Constraints to Agricultural Modernisation -- Land Regulations: The Reform Bridgehead -- From the Demographic Dividend to the Human Capital Dividend -- The Contribution and Formation of Human Capital -- Education and Reforms -- The Cost Benefit Reform Formula -- 15 From the Demographic Dividend to the Open Dividend -- The Reversal of Globalisation -- International Trade and Transnational Investment -- The Depth and Breadth of Globalisation -- The Populist Genes in Western Governments -- Voting with Hands, and Voting with Feet -- Popular Populism -- China and Globalisation -- Why Does China not Oppose Globalisation -- Declarations at Davos -- Notes -- Addendum: Characteristics of Epidemic Shock and Response Policy
Additional Edition:
Erscheint auch als Druck-Ausgabe Cai, Fang Understanding China's Economy Singapore : Springer,c2021 ISBN 9789813363212
Language:
English
