A New Economic Growth Engine for China - Escaping the Middle-Income Trap by Not Doing More of the Same (Electronic book text)

This volume is a report by leading international economic experts on China's economic priorities in the coming years. From various aspects of the domestic and foreign situation, China has now reached a critical juncture in its economic development. Unless China is able to overcome the difficulties in undertaking further reforms in the next ten years, China would be caught in the middle-income trap and be unable to become a modern country. The future course of China's economic development is also of great concern to the rest of the world because the socio-political-economic conditions in China will have significant impact on global economic prosperity and on global political harmony.

The book is a product of close collaboration between the School of Economics at Fudan University and the Earth Institute at Columbia University. They cover a new paradigm for growth, short-term demand management, institutional reforms for middle-term growth, and strengthening the fundamentals for long-term growth.

Sample Chapter(s)
Foreword (98 KB)
The Major Types of Middle-income Trap That Threaten China (894 KB)
Contents: "A New Economic Growth Engine for the 21st Century: Change Out Not Scale Up the Present Policy Regime: "The Major Types of Middle-income Trap That Threaten China "(Wing Thye Woo)""Short-term Demand Management: Working the Hardware Correctly: "A Prediction of China's Economy in 2012: Soft Landing and Back to the Normal "(Gang Fan and Liping He)"The Correction of China's Twin Surpluses "(Yongding Yu)"The Long-run Growth and Short-run Fluctuations of the Chinese Economy "(Zhigang Yuan and Yuxin Yu)""Institutional Reforms for Middle-term Growth: Upgrading the Hardware and Software: "Reforming China's Public Pension System: Coping Effectively with Aging, Urbanization and Globalization "(Jin Feng and Lixin He)"Unraveling the Gridlock on Fiscal Reform in China: Government, Market and Central-local Relations "(Yan Zhang)"China's Financial Sector Development: Understanding the Past and Shaping the Future "(Liqing Zhang and Xiaofen Tan)"On Regional and Inter-household Inequality in China "(Guanghua Wan, Jingjing Ye and Juzhong Zhuang)""Strengthening the Long-term Growth Fundamentals: Sustaining the Power Supply: "Ensuring Efficiency and Equality in China's Urbanization and Regional Development Strategy "(Zhao Chen and Ming Lu)"China 2049: Energy Security and Climate Change "(Klaus S Lackner and Sarah Brennan)"The Sustainability of Water Resources in China "(Ximing Cai and Upmanu Lall)"
Readership: Researchers, students and readers interested in China's economy.