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Author: Arthur R. Kroeber Publisher: Oxford University Press ISBN: 0190946490 Category : Business & Economics Languages : en Pages : 465
Book Description
China's economic growth has been revolutionary, and is the foundation of its increasingly prominent role in world affairs. It is the world's second biggest economy, the largest manufacturing and trading nation, the consumer of half the world's steel and coal, the biggest source of international tourists, and one of the most influential investors in developing countries from southeast Asia to Africa to Latin America. Multinational companies make billions of dollars in profits in China each year, while traders around the world shudder at every gyration of the country's unruly stock markets. Perhaps paradoxically, its capitalist economy is governed by an authoritarian Communist Party that shows no sign of loosening its grip. China is frequently in the news, whether because of trade disputes, the challenges of its Belt and Road initiative for global infrastructure, or its increasing military strength. China's political and technological challenges, created by a country whose political system and values differ dramatically from most of the other major world economies, creates uncertainty and even fear. China's Economy: What Everyone Needs to Know® is a concise introduction to the most astonishing economic and political story of the last three decades. Arthur Kroeber enhances our understanding of China's changes and their implications. Among the essential questions he answers are: How did China grow so fast for so long? Can it keep growing and still solve its problems of environmental damage, fast-rising debt and rampant corruption? How long can its vibrant economy co-exist with the repressive one-party state? How do China's changes affect the rest of the world? This thoroughly revised and updated second edition includes a comprehensive discussion of the origins and development of the US-China strategic rivalry, including Trump's trade war and the race for technological supremacy. It also explores the recent changes in China's political system, reflecting Xi Jinping's emergence as the most powerful leader since Mao Zedong. It includes insights on changes in China's financial sector, covering the rise and fall of the shadow banking sector, and China's increasing integration with global financial markets. And it covers China's rapid technological development and the rise of its global Internet champions such as Alibaba and Tencent.
Author: Arthur R. Kroeber Publisher: Oxford University Press ISBN: 0190946490 Category : Business & Economics Languages : en Pages : 465
Book Description
China's economic growth has been revolutionary, and is the foundation of its increasingly prominent role in world affairs. It is the world's second biggest economy, the largest manufacturing and trading nation, the consumer of half the world's steel and coal, the biggest source of international tourists, and one of the most influential investors in developing countries from southeast Asia to Africa to Latin America. Multinational companies make billions of dollars in profits in China each year, while traders around the world shudder at every gyration of the country's unruly stock markets. Perhaps paradoxically, its capitalist economy is governed by an authoritarian Communist Party that shows no sign of loosening its grip. China is frequently in the news, whether because of trade disputes, the challenges of its Belt and Road initiative for global infrastructure, or its increasing military strength. China's political and technological challenges, created by a country whose political system and values differ dramatically from most of the other major world economies, creates uncertainty and even fear. China's Economy: What Everyone Needs to Know® is a concise introduction to the most astonishing economic and political story of the last three decades. Arthur Kroeber enhances our understanding of China's changes and their implications. Among the essential questions he answers are: How did China grow so fast for so long? Can it keep growing and still solve its problems of environmental damage, fast-rising debt and rampant corruption? How long can its vibrant economy co-exist with the repressive one-party state? How do China's changes affect the rest of the world? This thoroughly revised and updated second edition includes a comprehensive discussion of the origins and development of the US-China strategic rivalry, including Trump's trade war and the race for technological supremacy. It also explores the recent changes in China's political system, reflecting Xi Jinping's emergence as the most powerful leader since Mao Zedong. It includes insights on changes in China's financial sector, covering the rise and fall of the shadow banking sector, and China's increasing integration with global financial markets. And it covers China's rapid technological development and the rise of its global Internet champions such as Alibaba and Tencent.
Author: Gregory C Chow Publisher: World Scientific Publishing Company ISBN: 981310323X Category : Business & Economics Languages : en Pages : 281
Book Description
In the early 1990's, the world began to recognize China as a rising economic power to reckon with. China's economy is dynamic — her human and natural resources are plentiful and her economic growth has been well sustained over the last 16 years. In fact, some have predicted that by the year 2020, China's economic output will be close to half that of the US. It is undeniable that China will be an economic giant, if she is not already one today.In this book, the author has traced China's economic development over the last 16 years. The steps and characteristics of China's economic reform are detailed. The prospects for China's economic growth are studied. The author also attempts to analyze topical issues pertaining to China's economic relations with the US and her integration with the other Asian economies. This book provides the interested reader with a bird's eye view of the Chinese economy over the last 16 years. Most chapters are written for the general reader, while a few are for professional economists. For the questions it answers or for those that it raises, this is an important book to read.
Author: Michael Pettis Publisher: Brookings Institution Press ISBN: 0870034081 Category : Political Science Languages : en Pages : 172
Book Description
The days of rapid economic growth in China are over. Mounting debt and rising internal distortions mean that rebalancing is inevitable. Beijing has no choice but to take significant steps to restructure its economy. The only question is how to proceed. Michael Pettis debunks the lingering bullish expectations for China's economic rise and details Beijing's options. The urgent task of shifting toward greater domestic consumption will come with political costs, but Beijing must increase household income and reduce its reliance on investment to avoid a fall.
Author: Antonio Graceffo Publisher: ISBN: 9780999830574 Category : Political Science Languages : en Pages : 180
Book Description
Spanning more than 100 nations and projected to cost more than US$1 trillion dollars, the Belt and Road Initiative, China's global infrastructure connectivity project, claims to be liberating the world from US domination. Many international institutions have warned member countries that liberation through the BRI comes with the cost of crippling debt and a loss of sovereignty. Chinese President Xi Jinping has attempted to allay these concerns by stating that the BRI "is not a Chinese "conspiracy," but rather a new platform for international cooperation to benefit peoples along the routes.In addition to asking whether or not the BRI is good for the world, another prominent question is whether China can actually fund and complete the largest project ever undertaken by any nation in human history. This book offers a region by region analysis of the BRI, examining the current state of both the projects and China's relations across the globe.
Author: David Shambaugh Publisher: John Wiley & Sons ISBN: 1509507175 Category : Political Science Languages : en Pages : 144
Book Description
China's future is arguably the most consequential question in global affairs. Having enjoyed unprecedented levels of growth, China is at a critical juncture in the development of its economy, society, polity, national security, and international relations. The direction the nation takes at this turning point will determine whether it stalls or continues to develop and prosper. Will China be successful in implementing a new wave of transformational reforms that could last decades and make it the world's leading superpower? Or will its leaders shy away from the drastic changes required because the regime's power is at risk? If so, will that lead to prolonged stagnation or even regime collapse? Might China move down a more liberal or even democratic path? Or will China instead emerge as a hard, authoritarian and aggressive superstate? In this new book, David Shambaugh argues that these potential pathways are all possibilities - but they depend on key decisions yet to be made by China's leaders, different pressures from within Chinese society, as well as actions taken by other nations. Assessing these scenarios and their implications, he offers a thoughtful and clear study of China's future for all those seeking to understand the country's likely trajectory over the coming decade and beyond.
Author: Hua-Yu Li Publisher: Rowman & Littlefield Publishers ISBN: 1461639107 Category : History Languages : en Pages : 267
Book Description
In the first systematic study of its kind, Hua-yu Li tackles one of the most important unresolved mysteries of the early history of the People's Republic of China_the economic policy shift of 1953. As a result of this policy shift, the moderate economic policies of 'New Democracy' were abruptly terminated_much sooner than specified by the official party line_and replaced with a radical Stalinist economic program called the 'general line for socialist transition.' Utilizing the rich archival materials released in China since the mid-1980s and Russian archival information released since the early 1990s, Li presents a compelling explanation for the policy shift. Placing the analysis within the larger context of the world communist movement, communist ideology, and Mao's complicated relationship with Stalin, this book makes it clear that the policy shift was initiated by Mao and that he did so for two reasons. First, he was committed to a history text compiled under Stalin's guidance that purported to describe the Soviet experience of building socialism in the 1920s and 1930s. Mao relied heavily on this text as a road map for China to follow in building socialism in the early 1950s. Second, Mao was driven by feelings of personal rivalry with Stalin and of national rivalry with the Soviet Union: he wanted China to achieve socialism faster than the Soviet Union had. The precise timing of the change, Li argues, resulted from Mao's belief that China was economically ready to build socialism and from his decision to interpret an ambiguous statement made by Stalin in October 1952 as a clear endorsement of a policy shift. Li asserts that Mao was a committed Stalinist, that he dominated domestic policy decision-making, and that he skillfully maneuvered his way through his negotiations with Stalin in advancing his own agenda. Situating its analysis within the larger context of the world communist movement, this carefully researched book will have a profound impact on the fields of communist studies and Sino-Soviet relations and in studies of Mao, Stalin, and their relationship.
Author: Yi Wen Publisher: World Scientific ISBN: 9814733741 Category : Business & Economics Languages : en Pages : 336
Book Description
The rise of China is no doubt one of the most important events in world economic history since the Industrial Revolution. Mainstream economics, especially the institutional theory of economic development based on a dichotomy of extractive vs. inclusive political institutions, is highly inadequate in explaining China's rise. This book argues that only a radical reinterpretation of the history of the Industrial Revolution and the rise of the West (as incorrectly portrayed by the institutional theory) can fully explain China's growth miracle and why the determined rise of China is unstoppable despite its current 'backward' financial system and political institutions. Conversely, China's spectacular and rapid transformation from an impoverished agrarian society to a formidable industrial superpower sheds considerable light on the fundamental shortcomings of the institutional theory and mainstream 'blackboard' economic models, and provides more-accurate reevaluations of historical episodes such as Africa's enduring poverty trap despite radical political and economic reforms, Latin America's lost decades and frequent debt crises, 19th century Europe's great escape from the Malthusian trap, and the Industrial Revolution itself.
Author: Arthur R. Kroeber
Author: Arthur R. Kroeber![A short course in international economics [electronic resource] PDF](https://books.google.com/books/content/images/frontcover/0O9-mvwRemQC?fife=w80-h100)
Author: Jeffrey E. Curry
Author: Gregory C Chow
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Author: Michael Pettis
Author: Antonio Graceffo
Author: David Shambaugh
Author: Hua-Yu Li
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Author: Yi Wen