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The growth of the Chinese economy and its impact on the global economy in contemporary times is without historical precedent. This volume, with contributions from the most distinguished analysts of developments in the Chinese economy today, presents an exceptional and authoritative analysis of China 's growth strategies, development model and structural reform in historical and international context. It examines the implications of China 's transition from a small economy to a 'big' economy and international externalities from China's growth and what impact has had on the global system, including the WTO. It looks at regional and income inequalities in China; the weaknesses in the social saftety net; incomplete factor market reform; finacial market reform; capital account liberalisation and other big issues that confront Chinese economic policymakers in the years ahead. The volume also reviews China's role in global and regional governance.
China's economic rise has raised two important questions which are tackled by this book. The first concerns the stability and the sustainability of China's growth, which has been accompanied by growing internal and external imbalances, rising inequality, environmental degradation and an increased risk of climate change, and has happened in spite of the continuing, if diminished, role of the state in many sectors of the economy. The second concerns trying to guess what the effect of China's rise will be on its relations with the rest of the region, the globe and the existing international order.
China's economic rise has raised two important questions which are tackled by this book. The first concerns the stability and the sustainability of China's growth, which has been accompanied by growing internal and external imbalances, rising inequality, environmental degradation and an increased risk of climate change, and has happened in spite of the continuing, if diminished, role of the state in many sectors of the economy. The second concerns trying to guess what the effect of China's rise will be on its relations with the rest of the region, the globe and the existing international order.