Great Transformation, The: Supply-side Structural Reform
Great Transformation, The: Supply-side Structural Reform

Author: Xiaohe Ma

Publisher: World Scientific

Published: 2020-07-17

Total Pages: 260

ISBN-13: 9811209359

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In recent years, the 'supply-side structural reform' has become a popular term in all regions and fields in China. The supply-side structural reform is the key component of the Chinese government's economic policy framework during the '13th Five-Year Plan' period. It is crucial in both theory and practice, to have an accurate understanding of its background, content, essential features, principles, and goals.The theme of the book revolves around the supply-side structural reform and analyses the concept from different perspectives, such as the basic theories and institutional framework, the fiscal taxation system, the financial system reform, and the innovation system. It attempts to address questions such as: how to understand the supply side and the demand side; why the supply-side structural reform is currently proposed; how to implement the reform; what are the changes brought about by the reform; what factors should be taken into consideration in its implementation; what are the policies to be developed in the process, etc.

China’s New Normal, Supply-side, and Structural Reform
China’s New Normal, Supply-side, and Structural Reform

Author: Cai Fang

Publisher: Routledge

Published: 2021-11-29

Total Pages: 218

ISBN-13: 1000466205

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China’s continuous, rapid economic growth since the Reform and Opening up of the country in the early 1980s has been praised as a miracle of the world economy. However, since 2012, the rate of growth has slowed down, rendering some people pessimistic about the country’s economic prospects. This title is a collection of a leading Chinese economists’ views on China’s economic growth and structural reform. The author argues that China’s economy has entered “the new normal”, meaning that slowed growth rate is not a cyclical phenomenon but a change in the stage of economic development. Therefore, there is a need to enact supply-side structural reforms, such as improved efficiency of resource reallocation, while shifting the mode of development from one of inputs to innovation. In addition, the author discusses the five major concepts of development proposed for the “13th Five-Year Plan”, as well as some critical topics related to supply-side structural reform, such as agricultural development, labor employment, and product quality. Scholars and students of macroeconomics, development economics, and the Chinese economy will find this book to be essential reading.

Growth and Structural Transformation
Growth and Structural Transformation

Author: Kwang Suk Kim

Publisher: BRILL

Published: 2020-03-17

Total Pages: 224

ISBN-13: 1684172195

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This study provides a comprehensive overview of Korea’s macroeconomic growth and structural change since World War II, and traces some of the roots of development to the colonial period. The authors explore in detail colonial development, changing national income patterns, relative price shifts, sources of aggregate growth, and sources of sectoral structural change, comparing them with other countries.

The Palgrave Handbook of Development Economics
The Palgrave Handbook of Development Economics

Author: Machiko Nissanke

Publisher: Springer

Published: 2019-08-12

Total Pages: 918

ISBN-13: 3030140008

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This Handbook responds to the needs and aspirations of current and future generations of development economists by providing critical reference material alongside or in relation to mainstream propositions. Despite the potential of globalisation in accelerating growth and development in low and middle-income countries through the spread of technology, knowledge and information, its current practice in many parts of the world has led to processes that are socially, economically and politically and ecologically unsustainable. It is critical for development economists to engage with the pivotal question of how to change the nature and course of globalisation to make it work for inclusive and sustainable development. Applying a critical and pluralistic approach, the chapters in this Handbook examine economics of development paths under globalisation, focusing on sustainable development in social, environmental, institutional and political economy dimensions. It aims at advancing the frontier of development economics in these key aspects and generating more refined policy perspectives. It is critically reflective in examining effects of globalisation on development paths to date, and in terms of methodological and analytical approaches, as well as forward-thinking in policy perspectives with a view to laying a foundation for sustainable development.

China's New Sources of Economic Growth: Vol. 1
China's New Sources of Economic Growth: Vol. 1

Author: Ligang Song

Publisher: ANU Press

Published: 2016-07-21

Total Pages: 545

ISBN-13: 1760460354

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China’s change to a new model of growth, now called the ‘new normal’, was always going to be hard. Events over the past year show how hard it is. The attempts to moderate the extremes of high investment and low consumption, the correction of overcapacity in the heavy industries that were the mainstays of the old model of growth, the hauling in of the immense debt hangover from the fiscal and monetary expansion that pulled China out of the Great Crash of 2008 would all have been hard at any time. They are harder when changes in economic policy and structure coincide with stagnation in global trade and rising protectionist sentiment in developed countries, extraordinarily rapid demographic change and recognition of the urgency of easing the environmental damage from the old model. China’s economy has slowed and there are worries that the authorities will not be able to contain the slowdown within preferred limits. This year’s Update explores the challenge of the slowdown in growth and the change in economic structure. Leading experts on China’s economy and environment review change within China’s new model of growth, and its interaction with ageing, environmental pressure, new patterns of urbanisation, and debt problems at different levels of government. It illuminates some new developments in China’s economy, including the transformational potential of internet banking, and the dynamics of financial market instability. China’s economic development since 1978 is full of exciting change, and this year’s China Update is again the way to know it as it is happening.

Structural Reforms, Productivity and Technological Change in Latin America
Structural Reforms, Productivity and Technological Change in Latin America

Author: Jorge M. Katz

Publisher: United Nations Publications

Published: 2001

Total Pages: 164

ISBN-13:

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In the last ten to fifteen years, profound structural reforms have moved Latin America and the Caribbean from closed, state-dominated economies to ones that are more market-oriented and open. Policymakers expected that these changes would speed up growth. This book is part of a multi-year project to determine whether these expectation have been fulfilled. Focusing on technological change, the impact of the reforms on the process of innovation is examined. It notes that the development process is proving to be highly heterogenous across industries, regions and firms and can be described as strongly inequitable. This differentiation that has emerged has implications for job creation, trade balance, and the role of small and medium sized firms. This ultimately suggests, amongst other things, the need for policies to better spread the use of new technologies.

The Great Transformation
The Great Transformation

Author: Xiaohe Ma

Publisher:

Published: 2020

Total Pages: 260

ISBN-13: 9789811209345

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"In recent years, the "supply-side structural reform" has become a popular term in all regions and fields in China. The supply-side structural reform is the key component of the Chinese government's economic policy framework during the "13th Five-Year Plan" period. It is crucial in both theory and practice, to have an accurate understanding of its background, content, essential features, principles, and goals. The theme of the book revolves around the supply-side structural reform and analyses the concept from different perspectives, such as the basic theories and institutional framework, the fiscal taxation system, the financial system reform, and the innovation system. It attempts to address questions such as: how to understand the supply side and the demand side; why the supply-side structural reform is currently proposed; how to implement the reform; what are the changes brought about by the reform; what factors should be taken into consideration in its implementation; what are the policies to be developed in the process, etc"--

China: Surpassing the “Middle Income Trap”
China: Surpassing the “Middle Income Trap”

Author: Shaojie Zhou

Publisher: Palgrave Macmillan

Published: 2020-10-06

Total Pages: 218

ISBN-13: 9789811565397

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This open access book explores one of the most fiercely debated issues in China: if and how China will surpass the middle income trap that has plagued many developing countries for years. This book gives readers a clear picture of China today and acts as a reference for other developing countries. China is facing many setbacks and experiencing an economic slowdown in recent years due to some serious issues, and income inequality is one such issue deferring China’s development potential by creating a middle income trap. This book thoroughly investigates both the unpromising factors and favorable conditions for China to overcome the trap. It illustrates that traps may be encountered at any stage of development and argues that political stability is the prerequisite to creating a favorable environment for economic development and addressing this “middle income trap”. Written by one of China's central planners, this book offers precious insights into the industrial policies that are transforming China and the world and will be of interest to China scholars, economists and political scientists.