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Author: Justin Yifu Lin
Publisher: Cambridge University Press
Published: 2012
Total Pages: 331
ISBN-13: 0521191807
DOWNLOAD EBOOKAn insightful account of the remarkable transition of the Chinese economy from impoverished backwater to economic powerhouse.
Author: Martin Eichenbaum
Publisher: University of Chicago Press
Published: 2016-06-22
Total Pages: 517
ISBN-13: 022639574X
DOWNLOAD EBOOKThis year, the NBER Macroeconomics Annual celebrates its thirtieth volume. The first two papers examine China’s macroeconomic development. “Trends and Cycles in China's Macroeconomy” by Chun Chang, Kaiji Chen, Daniel F. Waggoner, and Tao Zha outlines the key characteristics of growth and business cycles in China. “Demystifying the Chinese Housing Boom” by Hanming Fang, Quanlin Gu, Wei Xiong, and Li-An Zhou constructs a new house price index, showing that Chinese house prices have grown by ten percent per year over the past decade. The third paper, “External and Public Debt Crises” by Cristina Arellano, Andrew Atkeson, and Mark Wright, asks why there appear to be large differences across countries and subnational jurisdictions in the effect of rising public debts on economic outcomes. The fourth, “Networks and the Macroeconomy: An Empirical Exploration” by Daron Acemoglu, Ufuk Akcigit, and William Kerr, explains how the network structure of the US economy propagates the effect of gross output productivity shocks across upstream and downstream sectors. The fifth and sixth papers investigate the usefulness of surveys of household’s beliefs for understanding economic phenomena. “Expectations and Investment,” by Nicola Gennaioli, Yueran Ma, and Andrei Shleifer, demonstrates that a chief financial officer's expectations of a firm's future earnings growth is related to both the planned and actual future investment of that firm. “Declining Desire to Work and Downward Trends in Unemployment and Participation” by Regis Barnichon and Andrew Figura shows that an increasing number of prime-age Americans who are not in the labor force report no desire to work and that this decline accelerated during the second half of the 1990s.
Author: Marina Zhang
Publisher: Oxford University Press
Published: 2022-01-07
Total Pages: 305
ISBN-13: 0198861176
DOWNLOAD EBOOKChina's extraordinary economic development is explained in large part by the way it innovates. Contrary to widely held views, China's innovation machine is not created and controlled by an all-powerful government. Instead, it is a complex, interdependent system composed of various elements, involving bottom-up innovation driven by innovators and entrepreneurs and highly pragmatic and adaptive top-down policy. Using case studies of leading firms and industries, along with statistics and policy analysis, this book argues that China's innovation machine is similar to a natural ecosystem. Innovations in technology, organization, and business models resemble genetic mutations which are initially random, self-serving, and isolated, but the best fitting are selected by the market and their impacts are amplified by the innovation machine. This machine draws on China's multitude manufacturers, supply chains, innovation clusters, and digitally literate population, connected through super-sized digital platforms. China's innovation suffers from a lack of basic research and reliance upon certain critical technologies from overseas, yet its scale (size) and scope (diversity) possess attributes that make it self-correcting and stronger in the face of challenges. China's innovation machine is most effective in a policy environment where the market prevails; policy intervention plays a significant role when market mechanisms are premature or fail. The future success of China's innovation will depend on continuing policy pragmatism, mass innovation, and entrepreneurship, and the development of the 'new infrastructures'.
Author: Paul G. Clifford
Publisher: Walter de Gruyter GmbH & Co KG
Published: 2017-10-23
Total Pages: 252
ISBN-13: 1501507273
DOWNLOAD EBOOKFeatured as Book of the Week by The Wire China in August 2020! If your business has anything to do with China or you simply seek to understand the rise of China, you need to read this book. In The China Paradox, business strategist and historian Dr. Paul G. Clifford uses vivid examples from his deep experience in China to lay bare the delicate and fragile balance of forces which lie at the heart of China’s success. He explains how, against all the odds, the ruling Communist Party boldly led the economic reforms as the surest way to preserve their grip on power. This flourishing of China’s hybrid developmental model is placed firmly in the historical context, shedding light on the legacies that thwarted earlier attempts at change and which today still threaten to render the progress unsustainable. China is taking its place on the world economic stage, displaying business acumen and innovation. But China’s un-reformed political governance, coupled with the challenges resulting from breakneck growth, may hamper the nation’s ability to realize its potential and impact its longer-term prospects. This book is for anyone who needs to understand how China competes, anyone with business or other affairs in China, and anyone involved in foreign trade will benefit from this book. Click to read the author's article on Open Democracy: https://www.opendemocracy.net/en/oureconomy/the-us-should-not-demonize-huawei-it-should-invest-to-compete/ Click here to see a related article in the South China Morning Post: http://www.scmp.com/news/china/policies-politics/article/2134180/reform-or-no-reform-authors-clash-over-chinas-way
Author: Yukon Huang
Publisher: Oxford University Press
Published: 2017-06-22
Total Pages: 289
ISBN-13: 0190630043
DOWNLOAD EBOOKChina's rise is altering global power relations, reshaping economic debates, and commanding tremendous public attention. Despite extensive media and academic scrutiny, the conventional wisdom about China's economy is often wrong. Cracking the China Conundrum provides a holistic and contrarian view of China's major economic, political, and foreign policy issues. Yukon Huang trenchantly addresses widely accepted yet misguided views in the analysis of China's economy. He examines arguments about the causes and effects of China's possible debt and property market bubbles, trade and investment relations with the Western world, the links between corruption and political liberalization in a growing economy and Beijing's more assertive foreign policies. Huang explains that such misconceptions arise in part because China's economic system is unprecedented in many ways-namely because it's driven by both the market and state- which complicates the task of designing accurate and adaptable analysis and research. Further, China's size, regional diversity, and uniquely decentralized administrative system poses difficulties for making generalizations and comparisons from micro to macro levels when trying to interpret China's economic state accurately. This book not only interprets the ideologies that experts continue building misguided theories upon, but also examines the contributing factors to this puzzle. Cracking the China Conundrum provides an enlightening and corrective viewpoint on several major economic and political foreign policy concerns currently shaping China's economic environment.
Author: James Stent
Publisher: Oxford University Press
Published: 2017
Total Pages: 305
ISBN-13: 0190497033
DOWNLOAD EBOOKChina's Banking Transformation describes the strengths and weaknesses of the Chinese banking system based on the author's 12 years serving on two Chinese bank boards. Acknowledging the challenges banks face, the book challenges conventional views, maintaining that China's banks now function well within China's market socialist political economy, and within China's traditional collectivist cultural world.
Author: Benjamin Shobert
Publisher: U of Nebraska Press
Published: 2018-09-01
Total Pages: 228
ISBN-13: 1612349951
DOWNLOAD EBOOKAmerican society is angrier, more fragmented, and more polarized than at any time since the Civil War. We harbor deep insecurities about our economic future, our place in the world, our response to terrorism, and our deeply dysfunctional government. Over the next several years, Benjamin Shobert says, these four insecurities will be perverted and projected onto China in an attempt to shift blame for errors entirely of our own making. These misdirections will be satisfying in the short term but will eventually destabilize the global world that businesses, consumers, and governments have taken for granted for the last forty years and will usher in an age of geopolitical uncertainty characterized by regional conflict and increasing economic dislocation. Shobert, a senior associate at the National Bureau of Asian Research, explores how America’s attitudes toward China have changed and how our economic anxieties and political dysfunction have laid the foundation for turning our collective frustrations away from acknowledging the consequences of our own poor decisions. Shobert argues that unless we address these problems, a disastrous chapter in American life is right around the corner, one in which Americans will decide that conflict with China is the only sensible option. After framing how the American public thinks about China, Shobert offers two alternative paths forward. He proposes steps that businesses, governments, and individuals can take to potentially stop and reverse America’s path to a dystopian future.
Author: William H. Overholt
Publisher: Cambridge University Press
Published: 2018-01-11
Total Pages: 306
ISBN-13: 1108389783
DOWNLOAD EBOOKChina's Crisis of Success provides new perspectives on China's rise to superpower status, showing that China has reached a threshold where success has eliminated the conditions that enabled miraculous growth. Continued success requires re-invention of its economy and politics. The old economic strategy based on exports and infrastructure now piles up debt without producing sustainable economic growth, and Chinese society now resists the disruptive change that enabled earlier reforms. While China's leadership has produced a strategy for successful economic transition, it is struggling to manage the politics of implementing that strategy. After analysing the economics of growth, William H. Overholt explores critical social issues of the transition, notably inequality, corruption, environmental degradation, and globalisation. He argues that Xi Jinping is pursuing the riskiest political strategy of any important national leader. Alternative outcomes include continued impressive growth and political stability, Japanese-style stagnation, and a major political-economic crisis.
Author: Chi Lo
Publisher: Emerald Group Publishing
Published: 2017-04-28
Total Pages: 279
ISBN-13: 1787144100
DOWNLOAD EBOOKThis new book examines the structural forces behind mega trends in China, refuting conventional wisdom and demystifying media and market hypes about business opportunity and policy. It uses rigorous economic research and evidence to provide a new view of mega trends in China, and expose new trends and problems that will affect China and the World.
Author: Justin Yifu Lin
Publisher: Princeton University Press
Published: 2014-10-12
Total Pages: 360
ISBN-13: 0691163561
DOWNLOAD EBOOKJustin Yifu Lin's groundbreaking account of how developing countries can help themselves—now fully updated How can developing countries grow their economies? Most answers to this question center on what the rich world should or shouldn't do for the poor world. In The Quest for Prosperity, Justin Yifu Lin—the first non-Westerner to be chief economist of the World Bank—focuses on what developing nations can do to help themselves. Lin examines how the countries that have succeeded in developing their own economies have actually done it. Interwoven with insights, observations, and stories from Lin’s travels as chief economist of the World Bank and his reflections on China’s rise, this book provides a road map and hope for those countries engaged in their own quest for prosperity.
