China's Rebalancing and Gender Inequality
China's Rebalancing and Gender Inequality

Author: International Monetary Fund

Publisher: International Monetary Fund

Published: 2021-05-11

Total Pages: 27

ISBN-13: 1513573772

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This paper examines gender inequality in the context of structural transformation and rebalancing in China. We document declining women's relative wages and labor force participation in China during the last two decades, despite rapid growth and expansion of the service sector. Using household data, we provide evidence consistent with a U-shaped relationship between economic development and women's labor market outcomes. Using a model of structural transformation, we show that labor market barriers for women have increased over time. Model counterfactuals suggest that removing these barriers and increasing service sector productivity can boost both gender equality and economic growth in China.

The Great Rebalancing
The Great Rebalancing

Author: Michael Pettis

Publisher: Princeton University Press

Published: 2014-10-26

Total Pages: 257

ISBN-13: 1400852269

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How trade imbalances spurred on the global financial crisis and why we aren't out of trouble yet China's economic growth is sputtering, the Euro is under threat, and the United States is combating serious trade disadvantages. Another Great Depression? Not quite. Noted economist and China expert Michael Pettis argues instead that we are undergoing a critical rebalancing of the world economies. Debunking popular misconceptions, Pettis shows that severe trade imbalances spurred on the recent financial crisis and were the result of unfortunate policies that distorted the savings and consumption patterns of certain nations. Pettis examines the reasons behind these destabilizing policies, and he predicts severe economic dislocations that will have long-lasting effects. Demonstrating how economic policies can carry negative repercussions the world over, The Great Rebalancing sheds urgent light on our globally linked economic future.

The State of China’s State Capitalism
The State of China’s State Capitalism

Author: Juann H. Hung

Publisher: Springer

Published: 2018-11-23

Total Pages: 364

ISBN-13: 9811309833

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This book comprises a collection of well-researched essays on selected contemporary economic and finance issues in China, making a timely contribution to the intellectual intercourse regarding the implications of China’s rise. These essays analyze issues related to the state of China’s ecology, real estate market, inbound and outbound FDI, income inequality, etc., and offer analysis on the policy and institutional causes of those issues. Readers will be able to infer their implications for business opportunities in China and the tradeoff / tension between economic growth and social welfare. Moreover, this book introduces an array of data and data sources useful to scholars and practitioners interested in studying the Chinese model of economic growth. This book will be a valuable resource to journalists and scholars trying to gain insight into China’s extraordinary pace of growth in the past three decades.

China 2049
China 2049

Author: David Dollar

Publisher: Brookings Institution Press

Published: 2020-06-09

Total Pages: 444

ISBN-13: 0815738064

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How will China reform its economy as it aspires to become the next economic superpower? It's clear that China is the world's next economic superpower. But what isn't so clear is how China will get there by the middle of this century. It now faces tremendous challenges such as fostering innovation, dealing with ageing problem and coping with a less accommodative global environment. In this book, economists from China's leading university and America's best-known think tank offer in depth analyses of these challenges. Does China have enough talent and right policy and institutional mix to transit from input-driven to innovation-driven economy? What does ageing mean, in terms of labor supply, consumption demand and social welfare expenditure? Can China contain the environmental and climate change risks? How should the financial system be transformed in order to continuously support economic growth and keep financial risks under control? What fiscal reforms are required in order to balance between economic efficiency and social harmony? What roles should the state-owned enterprises play in the future Chinese economy? In addition, how will technological competition between the United States and China affect each country's development? Will the Chinese yuan emerge as a major reserve currency, and would this destabilize the international financial system? What will be China's role in the international economic institutions? And will the United States and other established powers accept a growing role for China and the rest of the developing world in the governance of global institutions such as the World Trade Organization and the International Monetary Fund, or will the world devolve into competing blocs? This book provides unique insights into independent analyses and policy recommendations by a group of top Chinese and American scholars. Whether China succeeds or fails in economic reform will have a large impact, not just on China's development, but also on stability and prosperity for the whole world.

The Demographic Masculinization of China
The Demographic Masculinization of China

Author: Isabelle Attané

Publisher: Springer Science & Business Media

Published: 2013-06-26

Total Pages: 236

ISBN-13: 3319002368

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This book describes the shortage of girls and women in present day China and focuses on two important features: the sex imbalance in childhood and youth, and the excess mortality of women at various stages of their life. The author analyzes the causes and the processes of a strong preference for sons, which generates discrimination toward females and results in a shortage of girls and women. China’s higher proportion of men than women is a population characteristic that is shared by very few countries in the world. This demographic masculinity is unprecedented in the documented history of human populations, both in scale and its lasting impact on the numbers and the structure of the population. Despite the economic boom of recent years, many families in China still consider girls to be less important than boys. Although Chinese women have become largely emancipated since the 1950s, they still do not have the same opportunities for social achievement as men, and Chinese society remains fundamentally rooted in highly gendered social and family roles. As a consequence, Chinese girl babies who have the misfortune to be born instead of a long-awaited son go by various names, such as Pandi (literally "awaiting a son"), Laidi ("a son will follow"), or Yehao ("she'll do too"). The book provides a comprehensive review of the situation of women in China’s society and shows that discrimination against girls and women is part of a system of norms and values that traditionally favours males.

Rebalancing in China—Progress and Prospects
Rebalancing in China—Progress and Prospects

Author: Ms.Longmei Zhang

Publisher: International Monetary Fund

Published: 2016-09-06

Total Pages: 22

ISBN-13: 1475532946

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China is transitioning to a greener, more inclusive, more consumer and service based, and less credit-driven economy. This paper defines a framework for assessing rebalancing, reviews progress, and discusses medium-term prospects. External rebalancing has advanced well, while progress on internal rebalancing has been mixed, with substantial progress on the supply side, moderate progress on the demand side, and limited progress on the credit side. Rebalancing on income equality and environment has also been mixed, with the energy intensity of growth falling and labor’s share of income rising, but income inequality and local air pollution remaining very high. Going forward, the high national saving is expected to fall owing to demographic change and a stronger social safety net, while the investment ratio is expected to fall similarly, with increasing competition and profit normalization as growth slows. The service sector will continue to gain importance, helping reduce the carbon intensity of output and increase labor’s share of national income and household consumption. Reducing the credit intensity of growth is likely to progress slowly unless decisive corporate restructuring and SOE reforms are implemented.

China's Rise
China's Rise

Author: C. Fred Bergsten

Publisher: Peterson Institute

Published: 2009

Total Pages: 292

ISBN-13: 0881324345

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Helps the United States and the rest of the world better comprehend the facts and dynamics underpinning China's rise. This book analyzes the data on China's economy, foreign and domestic policy, and national security.

Gender Equality and the Labor Market
Gender Equality and the Labor Market

Author: Asian Development Bank

Publisher: Asian Development Bank

Published: 2017-08-01

Total Pages: 196

ISBN-13: 9292579002

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The People's Republic of China (PRC) has made advances in narrowing gender gaps in its labor market. It has one of the highest female labor force participation rates in Asia and the Pacific at around 64% in 2013, and one of the narrowest earnings gender gaps. This study investigates how women are faring in the transition to the PRC's new growth model, and what can be done to promote women's participation. It shows how the PRC is undergoing multiple transitions that have implications for gender equality and work. For example, during the market transition, gender wage gaps and gender wage discrimination increased, reaching 33% in urban areas and 44% in rural areas. Find out how evidenced-based gender analysis can foster gender responsive policy approaches to promote women's equality in the labor market.

What We Owe Each Other
What We Owe Each Other

Author: Minouche Shafik

Publisher: Princeton University Press

Published: 2022-08-23

Total Pages: 256

ISBN-13: 069120764X

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From one of the leading policy experts of our time, an urgent rethinking of how we can better support each other to thrive Whether we realize it or not, all of us participate in the social contract every day through mutual obligations among our family, community, place of work, and fellow citizens. Caring for others, paying taxes, and benefiting from public services define the social contract that supports and binds us together as a society. Today, however, our social contract has been broken by changing gender roles, technology, new models of work, aging, and the perils of climate change. Minouche Shafik takes us through stages of life we all experience—raising children, getting educated, falling ill, working, growing old—and shows how a reordering of our societies is possible. Drawing on evidence and examples from around the world, she shows how every country can provide citizens with the basics to have a decent life and be able to contribute to society. But we owe each other more than this. A more generous and inclusive society would also share more risks collectively and ask everyone to contribute for as long as they can so that everyone can fulfill their potential. What We Owe Each Other identifies the key elements of a better social contract that recognizes our interdependencies, supports and invests more in each other, and expects more of individuals in return. Powerful, hopeful, and thought-provoking, What We Owe Each Other provides practical solutions to current challenges and demonstrates how we can build a better society—together.