The China Miracle
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The China Miracle
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Author : Justin Yifu Lin
language : en
Publisher: The Chinese University of Hong Kong Press
Release Date : 2004-03-15
The China Miracle written by Justin Yifu Lin and has been published by The Chinese University of Hong Kong Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-03-15 with Business & Economics categories.
The tremendous success of China's economic reform, in contrast with the vast difficulties encountered by the former Soviet Union and Eastern European countries in their transition, has attracted worldwide attention. Using a historical, comparative and analytic approach grounded in mainstream economics, the authors develop a consistent and rational framework of state-owned enterprises and individual agents to analyze the internal logic of the traditional planning system. They also explain why the Chinese economy grew slowly before the market-oriented reform in 1979 but became one of the fastest growing economies afterwards, and why the vigour/chaos cycle became part of China's reform process. The book also addresses to the questions that whether China can continue its trend of reform and development and become the largest economy in the world in the early 21st century, and what the general implications of China's experience of development and reform are for other developing and transition economies. The first edition has been well-received and is the standard textbook or reference for students and researchers of China studies. In this thoroughly revised edition, the authors have updated the data and information in the book and include a new chapter on the impact of China's WTO accession on its economic reforms and causes of the current deflation.
Unveil China S Economic Miracle
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Author : Yibin Mu
language : en
Publisher:
Release Date : 2007
Unveil China S Economic Miracle written by Yibin Mu and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with categories.
For nearly three decades, China has achieved an economic miracle. China's official GDP per capita increased almost tenfold, from about US$150 in 1978 to US$1,449 in 2005. China's growth measured by the purchasing power parity (PPP) has been even more impressive. The GDP per capita in terms of PPP increased more than 21 times. Orthodox economic growth theories have been applied to uncover the secrets of China's miracle by using traditional growth factors, such as capital, labor, and technology, even incorporating geography and institutions, but no highly satisfactory explanations have yet emerged to fully explain the miracle. In this paper, the author, based on 30 years of living and working experience in China, unveils China's miracle from some different perspectives, which have usually been neglected by mainstream economists but may offer the key to uncovering the secrets of the China Miracle. He concludes that China's economic miracle is attributable to the following four main factors - (i) efficient, effective, and growth-friendly economic policy, (ii) two Chinese traditions, namely, the high savings rate and the emphasis on education, and (iii) the historical demographic opportunity (i.e. the population at its prime), and (iv) the deepening of both monetizaiton and division of labor. In particular, the author points out that the last two factors have contributed significantly to China's economic miracle but have not yet been captured by most economic analyses.
China S Miracle In Foreign Trade
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Author : Miaojie Yu
language : en
Publisher: Springer Nature
Release Date : 2022-01-13
China S Miracle In Foreign Trade written by Miaojie Yu and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-01-13 with Business & Economics categories.
This book mainly focuses on the miracle of China’s foreign trade in the past 40 years from five perspectives: first, it briefly reviews the import substitution strategy China adopted before its opening-up; second, it analyzes the export-oriented strategy that contributes a lot to China’s economic growth since 1980s; third, it discusses the impacts of trade liberalization and China’s participation in WTO on Chinese firms; forth, it addresses the deepening opening-up in the context of global financial crisis; last, it provides policy advice on China’s newly conducted all-around opening-up strategy. By dividing China’s opening-up into five stages, this book offers a comprehensive discussion to understand and analyze the reason, performance and challenge of China’s economic growth from the perspective of foreign trade.
The China Miracle
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Author : Lois Gamblin Buffington
language : en
Publisher: Publishamerica Incorporated
Release Date : 2008-12-01
The China Miracle written by Lois Gamblin Buffington and has been published by Publishamerica Incorporated this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008-12-01 with Family & Relationships categories.
Lois put her heart into the writing of her first book. Traveling with her cousin to China for her cousinas adoption of a little girl was so inspiring she decided that others should enjoy her experiences while in China. The China Miracle chronicles the adoption of a beautiful little three-year-old Chinese girl. It also tells of their experiences mingling with the Chinese people as they traveled in both well-known and some unknown parts of China. This book records history of the areas traveled and tells of the experiences in hotels and restaurants. It gives the readers a look into the cultures of different provinces of China. A map of the areas traveled is included along with history of Confucius and the brief description of Confucianism, Taoism, and Buddhism.
Demystifying The Chinese Miracle
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Author : Wang Yongqin
language : en
Publisher: Routledge
Release Date : 2013-07-31
Demystifying The Chinese Miracle written by Wang Yongqin and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-07-31 with Business & Economics categories.
The last three decades has witnessed miraculous economic growth of China. What has accounted for its miracle? What is the nature and future of the Chinese model? Is it unique? This book presents an analytical framework to demystify China's economic growth miracle. The book suggests that interlinked and relational contracts between the agents (in particular, between the state and the business) can compensate for flawed markets to achieve high growth. This kind of relational capitalism is significant in the investment-based stage of development, when mobilization of resources to exploit the existing technologies is key for growth. The book presents a general theory of interlinked relational contract, the workhorse model of the book. The theory highlights that effective governance is a function of market extent and market completeness. The process of economic development and modernization can be looked at fruitfully from two perspectives: the markets and the institutions and their interactions. The book stresses the critical fit between the development stage and the governance for a country's economic transition and development and thus the idea of "appropriate institutions".
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language : en
Publisher:
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What Drives China S Economy
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Author : Qing-Ping Ma
language : en
Publisher: Routledge
Release Date : 2019-11-26
What Drives China S Economy written by Qing-Ping Ma and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-11-26 with Business & Economics categories.
The spectacular economic growth experienced by China since 1978 has often been hailed as the "China Miracle". Many economists have tried to understand the forces behind China’s phenomenal growth and the explanations can be divided into two broad schools of economic thought — one school of thought which includes Nobel Laureate Paul Krugman explains that market mechanism and deregulation led to China’s success, while the other school of thought which include Justin Yifu Lin, the former Chief Economist and Senior Vice-President of the World Bank, explains that China’s growth miracle is a unique model to itself defined by the Chinese government’s prominent role. The Chinese government has been responsible in identifying and investing in industries that have contributed to economic growth. Some economists in the latter school even claim that the China Miracle cannot be explained by mainstream economics. This book examines both schools of thought and attempts to provide a synthesis of the two schools to explain the China Miracle. It looks at the Solow-Swan growth model, the Harrod-Domar model and transaction cost theory. It provides insights into whether and how China can sustain its growth and how developing countries may replicate China’s success.
Is The Chinese Economy A Miracle Or A Bubble
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Author : LAWRENCE JUEN-YEE. LAU
language : en
Publisher: World Scientific Publishing Company
Release Date : 2025-01-26
Is The Chinese Economy A Miracle Or A Bubble written by LAWRENCE JUEN-YEE. LAU and has been published by World Scientific Publishing Company this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-01-26 with Business & Economics categories.
Since China undertook economic reform and opened its economy to the world in the late 1970s, its economy has been growing at an average annual rate of over 9 percent for more than four decades. No other economy in recorded history has grown at such a high rate and for such a long period as China has done. The questions that naturally arise are: Was the Chinese economy a miracle? Or was it a mere bubble? Will the Chinese economy begin to stagnate like the Japanese economy did in the 1990s, and perhaps decline? Will it be able to escape the 'middle-income trap'? If it is not a miracle, can the Chinese development experience be replicated elsewhere?This book provides a comprehensive and detailed discussion of the remarkable growth of the Chinese economy over the past decades, by scrutinising the sources of economic growth. It also evaluates the strategies adopted by the Chinese government to promote the transition from a centrally-planned economy to a market-based economy through the 'dual-track' approach. It is argued that, while the Chinese economy is unique and exceptional in many ways, its development experience can be explained and attributed.
State Capitalism Institutional Adaptation And The Chinese Miracle
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Author : Barry Naughton
language : en
Publisher:
Release Date : 2015
State Capitalism Institutional Adaptation And The Chinese Miracle written by Barry Naughton and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with BUSINESS & ECONOMICS categories.
The Chinese Times
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Author :
language : en
Publisher:
Release Date : 1890
The Chinese Times written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1890 with categories.