China as a leader of the world economy / Gregory C. Chow.

Format:

Book

Author/Creator:

Chow, Gregory C., 1929-

Language:

English

Subjects (All):

International economic relations.

China--Economic conditions--2000-.

China.

China--Economic policy--2000-.

China--Foreign economic relations.

Physical Description:

1 online resource (232 p.)

Edition:

1st ed.

Place of Publication:

Singapore ; Hackensack, NJ : World Scientific, c2012.

Language Note:

English

Summary:

After the 1978 Economic Reform, China's economic development has been on a fast track ever since. Later on, the successful accession into the WTO in 2001 accelerated China's economic transformation and made it more integrated with the world. Today, as the second-largest economy in the world, China has earned herself a leading role on the world stage beyond dispute. This book provides readers with answers to why and how China functions as a leader in the world economy. This book surveys China's economy in four parts - economic institutions, economic problems, economic policies and economic

Contents:

Preface; Contents; Part 1 Economic Institutions; Chapter 1 Introduction: An Overview of China's Economy; 1.1. How did China Manage to Grow so Rapidly?; 1.2. China's Economic Strength; 1.3. Comparing China's Market Institutions with the US; 1.4. China's Short-Term Economic Policies; 1.5. China's Long-Term Economic Policies; 1.6. The Role of China as a Leader in the World Economy; References; Chapter 2 Three Important Players of China's Economy; 2.1. The Chinese Government; 2.2. The Entrepreneurs; 2.3. Workers and Ordinary Citizens; References; Chapter 3 Is Chinese Capitalism Different?

3.1. The Chinese Government is Different 3.1.1. The Chinese government plays a more important role in regulating the economic behavior of the entrepreneurs; 3.1.2. The Chinese government plays a different role in setting up economic institutions; 3.2. The Chinese Legal Institutions are Different; 3.3. The Chinese Culture is Different; 3.4. The Chinese Workers are Different; Chapter 4 Economic Planning in China; 4.1. Role of Planning in the Chinese Economy; 4.2. Scope of Planning; 4.3. Numerical Targets and the Degree to Which They are Met; 4.4. Organization of the NDRC

4.5. How is the Planning Carried Out? 4.6. Effects of Planning on China's Economic Development; Chapter 5 Role of Economists in China's Economic Development; 5.1. Role in the Government; 5.2. Role in Academic and Research Institutions; 5.3. Role in Business Enterprises; 5.4. Role of the Chinese Economists Society; Chapter 6 Free to Choose in China; 6.1. Economic Freedom in the Last Half Century; 6.2. Relation of Economic Freedom and Political Freedom; 6.3. The Role of Government; 6.4. Social Welfare; 6.5. Education; 6.6. Consumer Protection; 6.7. Macroeconomic Policy; 6.8. The Tide is Turning

Notes References; Chapter 7 Chinese and American Economic Institutions Reflecting Cultural Differences; Chapter 8 Outflow of Capital and China's Diplomacy; Chapter 9 Economic Relations Between Brazil and China; Chapter 10 India's Model of Rapid Economic Development; Chapter 11 Will the Russian Economy Grow Rapidly?; Chapter 12 Comparing Economic Developments in Taiwan and Mainland China; 12.1. Similarities; 12.2. Differences; Part 2 Economic Issues; Chapter 13 Problems Facing the Chinese Economic System; 13.1. Corruption; 13.2. Income Disparity and Rural Poverty; 13.3. Education

13.4. Healthcare13.5. Energy and Environment; 13.6. Conclusion; References; Chapter 14 Directions for Economics Education and Research in China; 14.1. Importing Economics Knowledge from Abroad; 14.2. Exploring the Frontier of Economic Knowledge in China; Chapter 15 Important Lessons from Studying the Chinese Economy; 15.1. On Economic Science; 15.1.1. The basic theories of microeconomics, macroeconomics and financial economics apply to China; 15.1.2. Market economy can work under different institutional arrangements; 15.1.3. Economic development can occur under different forms of government

15.1.4. Importance of human capital in economic development

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

ISBN:

981-4368-81-4

OCLC:

826657912