CHINA'S PATTERN OF GROWTH: mOVING TO SUSTAINABILITY AND REDUCING INEQUALITY PDF Download

Author: Tao Wang, Louis Kuijs
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 13

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Author: Louis Kuijs
Publisher:
ISBN:
Category : China
Languages : en
Pages : 20

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Book Description
The authors study the sources and pattern of China's impressive economic growth over the past 25 years and show that key issues currently of concern to policymakers-widening inequality, rural poverty, and resource intensity-are to a large extent rooted in China's growth strategy, and resolving them requires a rebalancing of policies. Using both macroeconomic level and sector data and analyses, the authors extend the growth accounting framework to decompose the sources of labor productivity growth. They find that growth of industrial production, led by a massive investment effort that boosted the capital/labor ratio, has been the single most important factor driving GDP and overall labor productivity growth since the early 1990s. The shift of labor from low-productivity agriculture has been limited, and, hence, contributed only marginally to overall labor productivity growth. The productivity gap between agriculture and the rest of the economy has continued to widen, leading to increased rural-urban income inequality. Looking ahead, the authors calibrate two alternative scenarios. They show that continuing with the current growth pattern would further increase already high investment and saving needs to unsustainable levels, lower urban employment growth, and widen the rural-urban income gap. Instead, reducing subsidies to industry and investment, encouraging the development of the services industry, and reducing barriers to labor mobility would result in a more balanced growth with an investment-to-GDP ratio that is consistent with the medium-term saving trend, faster growth in urban employment, and a substantial reduction in the income gap between rural and urban residents.

Author: Rémi Genevey
Publisher: The Energy and Resources Institute (TERI)
ISBN: 8179935302
Category : Architecture
Languages : en
Pages : 274

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The reduction of inequalities within and between countries stands as a policy goal, and deserves to take centre stage in the design of the Sustainable Development Goals agreed during the Rio+20 Summit in 2012.The 2013 edition of A Planet for Life represents a unique international initiative grounded on conceptual and strategic thinking, and – most importantly – empirical experiments, conducted on five continents and touching on multiple realities. This unprecedented collection of works proposes a solid empirical approach, rather than an ideological one, to inform future debate.The case studies collected in this volume demonstrate the complexity of the new systems required to accommodate each country's specific economic, political and cultural realities. These systems combine technical, financial, legal, fiscal and organizational elements with a great deal of applied expertise, and are articulated within a clear, well-understood, growth- and job-generating development strategy.Inequality reduction does not occur by decree; neither does it automatically arise through economic growth, nor through policies that equalize incomes downward via ill conceived fiscal policies. Inequality reduction involves a collaborative effort that must motivate all concerned parties, one that constitutes a genuine political and social innovation, and one that often runs counter to prevailing political and economic forces.

Author: Ms.Sonali Jain-Chandra
Publisher: International Monetary Fund
ISBN: 1484357531
Category : Business & Economics
Languages : en
Pages : 31

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China has experienced rapid economic growth over the past two decades and is on the brink of eradicating poverty. However, income inequality increased sharply from the early 1980s and rendered China among the most unequal countries in the world. This trend has started to reverse as China has experienced a modest decline in inequality since 2008. This paper identifies various drivers behind these trends – including structural changes such as urbanization and aging and, more recently, policy initiatives to combat it. It finds that policies will need to play an important role in curbing inequality in the future, as projected structural trends will put further strain on equity considerations. In particular, fiscal policy reforms have the potential to enhance inclusiveness and equity, both on the tax and expenditure side.

Author: John P. Geis (II.)
Publisher: Government Printing Office
ISBN: 9781585662098
Category : History
Languages : en
Pages : 148

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NOTE: NO FURTHER DISCOUNT FOR THIS PRINTED PRODUCT- OVERSTOCK SALE -Significantly reduced list price By John P. Geis, et al. Provides essays about China's future. Predicts that within the time frame covered in this monograph, China will supplant the United States as the greatest economic power on Earth. While its military capabilities are expected to lag slightly behind, by 2030 China will be, for all practical purposes, a peer of the United States in terms of its ability to influence interactions within the nation-state system. Military, acaemia, lawmakers, and policy analysts may be interested in this volume. High school to graduate students pursuing coursework in global studies,especially China Studies classes may also find this reference useful. Related products: China resources collection can be found here: https://bookstore.gpo.gov/catalog/international-foreign-affairs/asia/china

Author: D. Das
Publisher: Springer
ISBN: 0230227449
Category : Business & Economics
Languages : en
Pages : 286

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Following the launch in China of economic reforms and the 'open door policy', a new era of economic growth and global integration dawned. In 2008, the thirtieth anniversary year, China completes three decades of broad-based market-oriented macroeconomic reforms and restructuring. This book traces China's economic renaissance.

Author: Philip McCann
Publisher: John Wiley & Sons
ISBN: 1118427262
Category : Business & Economics
Languages : en
Pages : 204

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Innovation, Entrepreneurship, Geography and Growth provides a timely, accessible review of our understanding of the complex links between innovation, entrepreneurship, geography and growth. Expert contributions provide a thorough roadmap of the developments in research at the interface of these themes. A timely and accessible review of our understanding of the complex links between innovation, entrepreneurship, geography and growth A highly comprehensive roadmap of the range of issues addressed by research in these areas Discusses the most profitable ways forward for enhancing our understanding of arising issues Contributions from leading experts in the field take a variety of theoretical, empirical and institutional angles

Author: Raj Brown
Publisher: Taylor & Francis
ISBN: 1317398327
Category : Social Science
Languages : en
Pages : 490

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This is a compelling analysis of the corporate economies of China and India, which are having a huge impact not just on the international economy, but also in the geopolitical and international strategy sphere as a result of an accelerated globalisation by these two countries, which is unleashing powerful economic challenges to corporate structures, economic institutions and law worldwide. The big question is how after centuries of underdevelopment China and now India are emerging powerfully and pulling ahead of Western European economies. Analysing the role of the state and the adroit use of law, and their impact on the corporate evolution of both China and India, provides greater clarity and insight into why China has evolved as a manufacturing nation utilizing cheap abundant labour while India has not exploited such advantages but instead focused on IT and higher value industries, even abroad as Tata has demonstrated in the motor industry in Europe. Again while Chinese corporations have expanded abroad as an arm of the state into Asia, Middle East, Africa, Europe, Latin America and parts of the southern states of the USA, India has pushed principally into Europe through the efforts of powerful minority capitalists of Parsi and Gujerati background, overcoming technological gaps and differences through acquisitions and absorptions of existing corporations in particular industries, especially in steel, automobiles and textiles. In China, state owned corporations have been dominant. In India, though state owned enterprises have been powerful since 1951, it has been private capitalists with an established stronghold since the colonial period and even under the Socialist period from 1951-1991 who have been the more productive main actors both in India and abroad.

Author: Yanhui Zhou
Publisher: World Scientific Publishing Company
ISBN: 9814656305
Category : China
Languages : en
Pages : 287

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Book Description
This book is a collection of research papers by foreign scholars on the economic development of China and provides readers with insights into China's reforms of its economic system. The topics covered include the road of China's economic development, the mode of the country's economic growth, the issue of poverty, and environmental and food supply safety. The book also analyzes the problems that China is facing currently and will possibly encounter in the future, with suggestions on how China could continue on a healthy track of sustainable economic development and growth.

Author: Gulati, Ashok
Publisher: Intl Food Policy Res Inst
ISBN: 0801887879
Category : Business & Economics
Languages : en
Pages : 578

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Book Description
China and India are the most extraordinary economic success stories of the developing world. Both nations’ economies have grown dramatically over the past few decades, elevating them from two of the world’s poorest countries into projected economic superpowers. As a result, the numbers of Chinese and Indians living in poverty have rapidly fallen and per capita incomes in China and India have quadrupled and doubled, respectively. This book investigates the reasons for these staggering accomplishments and the lessons that can be applied both to other developing nations and to the problem of poverty that remains in these two countries. The contributors pay particular attention to agriculture and the rural economy, examining how initial conditions and investments and the prioritization and sequencing of different policies and strategies have led to successes, and how the agricultural and rural sectors connect to overall economic expansion. They also emphasize the importance of anti-poverty programs and safety nets in helping poor people escape poverty. The book offers a set of policy and strategic options for future growth and poverty reduction. These include setting the right priorities for public spending, identifying trade and market reforms, building social safety nets for the poorest of the poor, and building accountable institutions that can provide public goods and services effectively. The book concludes by examining future challenges to China and India’s economic development, such as the need to ensure growth that is sustainable, equitable, and environmentally friendly. The Dragon and the Elephant offers valuable insights to development specialists anxious to multiply the benefits experienced by two of the greatest economic successes in recent times.