The Chinese Economy: Transitions and Growth by Barry Naughton

The Chinese Economy: Transitions and Growth



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The Chinese Economy: Transitions and Growth Barry Naughton ebook
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Format: pdf
Page: 504
ISBN: 0262140950, 9781429455343


That question has been front and center in the past weeks as the country completes its leadership transition and after the exposure of its various real estate bubbles during a widely watched 60 Minutes exposé this past It would also mean a collapse of Chinese imports of materials such as copper, which would in turn harm economic growth in emerging countries that continue to be a prime market for American, Asian and European goods. The Chinese Economy: Transitions and Growth. Mao's death in 1976 facilitated the transition that took place under Deng Xiaoping. €�China's growth rate has exceeded 10% while the inflation rate has been kept below 3% for four years running. Despite these Too gradual a transition, however, exposes the Chinese economy to the risk of a sharp correction for an undesirably long period. But it is also due to the growing place of China in international relations, following from its economic development. During its transition to the current policy regime, it grew extremely fast, yet remains poor. On the side of western-style democracy stood Minxin Pei, the director of the Keck Center for International and Strategic Studies at Claremont McKenna College and author of China's Trapped Transition: The Limits of Developmental Autocracy in which Pei examines the sustainability of the Chinese On the economic front, China's growth has been driven by investments at home and exports to developed countries—trends that are not sustainable in the long run. Chinese economic policymakers will have to reduce explicit government controls and inter- vention and become more comfortable with allowing market mechanisms to guide ever larger segments of the economy. Download The Chinese Economy: Transitions and Growth. I travel to China fairly often, and it sure looks like a fast growing East Asian economy, even in the interior of the country. Naughton's most recent book is The Chinese Economy: Transitions and Growth, a comprehensive survey of the Chinese economy. This is rare both in China and the world. The Chinese Economy: Transitions and Growth by Barry Naughton. Economic growth, it also requires a change in traditional modes of economic policymaking.

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