Chinese economic development : theories, practices and trends / Yinxing Hong and Ninghua Sun ; translated by Xiao-huang Yin and Xiaojia Zang.

Format:

Book

Author/Creator:

Hong, Yinxing, 1950- author.

Sun, Ninghua, author.

Contributor:

Yin, Xiao-huang, translator.

Zang, Xiaojia, 1980- translator.

Series:

China perspectives series.

China perspectives

Language:

English

Subjects (All):

Economic development--China--History.

Economic development.

China--Economic conditions.

China.

China--Economic policy.

Physical Description:

1 online resource (287 pages)

Edition:

1st ed.

Place of Publication:

London ; New York, New York : Routledge, [2021]

Summary:

"The book provides a meticulous analysis of economic development and concomitant problems in China since the late 1970s and advances suggestions on further economic modernisation and transition from both theoretical and practical angles. Based on theories from development economics and solid empirical studies, the authors, two renowned Chinese economists, provide a perceptive analysis of the Chinese development model in the post-Mao era. They shed light on questions that have perplexed many: how can China sustain the rapid growth of the past forty years; is there a unique "China Path" to economic progress? They argue compellingly that China's development model has to switch from a manufacturing-driven one to a brand new approach, centring on scientific and technical innovation and the integration of its existing economic structure into an increasingly complex global economy. Such transformation will help overcome the "middle income trap" while addressing other institutional and economic challenges. The book will appeal to students, scholars and policy makers interested in the Chinese and global economies as well as transnational studies in the post-COVID world. General readers willing to obtain a grasp of Chinese economic development from the insider's perspective will also find it useful"-- Provided by publisher.

Contents:

Cover

Half Title

Series Page

Title Page

Copyright Page

Table of Contents

List of figures

List of tables

Preface (Translators)

Acknowledgements (Translators)

Foreword: Development economics in China: A fresh start in a changed historical context

Chapter 1: Phases and goals of economic development

1.1 Development goals in the new phase of economic development

1.1.1 New phase of economic development

1.1.2 Overcome "the middle-income trap"

1.1.3 Development is a top priority

1.1.4 A People-centred development objective

1.2 The stage of economic growth and economic take-off

1.2.1 The stage of economic growth

1.2.2 The stage of economic take-off

1.3 Building a moderately well-off society in all aspects and bringing about modernisation

1.3.1 The modernisation of developing nations

1.3.2 The cohesive connection between building a well-off society and the basic realisation of modernisation

Notes

Chapter 2: The rate and quality of economic development

2.1 Economic development and total factor productivity

2.1.1 The economic growth model

2.1.2 Total factor productivity

2.1.3 Changes in the potential economic growth rate

2.2 The quality of economic growth

2.2.1 Growth does not equal development

2.2.2 Economic growth mode

2.2.3 The rate and quality of economic growth

2.3 The intensive economic growth mode

2.3.1 Replacement and supplement of elements

2.3.2 Endogenous growth

2.3.3 Economies of scale

2.3.4 Technological advancement

Chapter 3: The consumption drive of expanding domestic demand and economic growth

3.1 The driving force of economic growth

3.1.1 The basic balance of macroeconomics

3.1.2 Changes in the main driving force for economic growth.

3.2 Domestic demand expansion becomes the strategic basis for economic development

3.2.1 The adjustment of the strategic basis for economic development

3.2.2 Expanding domestic demand

3.3 Developing consuming power and increasing residents' income

3.3.1 To develop and improve consuming power

3.3.2 Full employment and employment efficiency enhancement

3.4 Medium- and high-end consumption and narrowing the income gap

3.4.1 The trend of consumer demand growth

3.4.2 Narrowing the income gap

3.4.3 The campaign on poverty alleviation

Chapter 4: The sustainability of economic development

4.1 The natural limits of economic growth

4.1.1 The contradiction between supply and demand of natural resources

4.1.2 "The doomsday model"

4.2 The cost of development

4.2.1 The inverted environmental Kuznets curve

4.3 Sustainable economic development

4.3.1 The proposal for sustainable development

4.3.2 Ecological civilisation

4.3.3 Ecological wealth and green GDP

4.4 The mechanism to realise sustainable development

4.4.1 New industrialisation and the recycling economy

4.4.2 The investment in natural resources

4.4.3 Institutional arrangements for internalisation of external effects

Chapter 5: Economic growth and the drive for innovation

5.1 The mode of innovation-driven economic growth

5.1.1 Innovation is the major driving force in economic development

5.1.2 Characteristics of innovation-driven economic development

5.2 The basic elements of innovation-driven growth

5.2.1 New growth theory and the knowledge economy

5.2.2 The accumulation of intellectual capital

5.3 Human capital accumulation

5.4 National innovation system and collaborative innovation

5.4.1 Technological innovation road map and national innovation system.

5.4.2 Collaborative innovation of industry, academia and research institutes

5.4.3 National innovation capacity construction

Chapter 6: Industrialisation and upgrading industrial structure

6.1 The evolutionary tendency of industrial structure

6.1.1 The content of industrial structure evolution

6.1.2 The current situation of China's industrial structure

6.2 Modernisation of industrial structure

6.2.1 Rapid growth of the service industry

6.2.2 New type of industrialisation

6.3 Strategies and mechanism for upgrading industrial structure

6.3.1 Decisive factors for industrial structure transformation

6.3.2 Market choice in industrial structure

6.3.3 Government roles and industrial policies

Note

Chapter 7: Urbanisation and agriculture modernisation

7.1 The road map to changing China's dual economic structure

7.1.1 The dual structure theory

7.1.2 Rural industrialisation and the transfer of agricultural surplus labour

7.2 New challenges to the transformation of dual structure

7.3 The modernisation of agriculture

7.3.1 Reforming traditional agriculture

7.3.2 Introducing new production factors to develop modern agriculture

7.3.3 Who should work on Farmland?

7.3.4 The innovation of the agricultural system

7.4 Integration of urban and rural areas and urbanisation

7.4.1 Urban centres' feedback to rural areas

7.4.2 The urbanisation of farmers

Chapter 8: Regional economic development and coordination

8.1 Background of the regional economic gap in China

8.1.1 China's regional economic gap

8.1.2 The industrial location theory

8.1.3 The theory on urban functions

8.1.4 The cumulative causation theory

8.1.5 Allowing some areas to get rich first

8.2 Coordination of the regional economy

8.2.1 The first-riches help the later-riches.

8.2.2 Promoting the flow of production factors to underdeveloped regions

8.2.3 The growth pole and its expansion effect

8.2.4 Modernisation of cities

8.2.5 The regional coordination in modernisation process

8.3 The integration of the regional economy

8.3.1 Reshaping economic geography

8.3.2 The central and peripheral docking

8.3.3 The construction of a single market

Chapter 9: Investment-driven growth and financial development

9.1 An investment-driven economy

9.1.1 The first driving force of economic growth

9.1.2 Investment demand and the gap of economic growth

9.2 Deepening financial reform and development

9.2.1 Development functions of finance

9.2.2 Progressing from financial repression to financial development

9.2.3 Financial modernisation

9.3 Venture capital and financial technology

9.3.1 Scientific and technological innovation and financial technology

9.3.2 Institutional arrangements for developing financial technology

9.4 Financial risks and prevention

9.4.1 Theoretical hypothesis of financial risk

9.4.2 The virtual economy leading to financial risks

9.4.3 Effective prevention of financial risks

Chapter 10: Economic globalisation and the open economy

10.1 The open economy under economic globalisation

10.1.1 Economic globalisation and its effects

10.1.2 The formation and development of an open economy in China

10.1.3 Import substitution and export substitution

10.2 From comparative advantage to competitive advantage

10.2.1 The comparative advantage theory

10.2.2 The unsustainability of China's trade structure with comparative advantage

10.2.3 Implications of the transformation from comparative advantage to competitive advantage

10.3 International free flow of development elements.

10.3.1 The globalisation context of using international development elements

10.3.2 The transformation of an open economy to obtain innovation factors

10.3.3 Improving the investment environment for foreign investment

Chapter 11: The institutional drive for economic development

11.1 Institutional transformation and economic development

11.1.1 The inseparability of development and institutions

11.1.2 Path dependence of institutional change

11.1.3 Coordination between reform and development

11.2 The decisive role played by markets in the allocation of resources

11.2.1 Allocation of resources decided by the market

11.2.2 Cultivating dynamic market players

11.2.3 Establishing a unified, open and orderly competitive market system

11.3 The proactive promotion of economic development by government

11.3.1 Understanding government functions from the perspective of development economics

11.3.2 The promotion of economic development by government

11.3.3 The government need to follow market laws

Afterword

Bibliography

Index.

Notes:

Includes bibliographical references and index.

Description based on print version record.

ISBN:

1-00-317938-X

1-003-17938-X

1-000-39918-4

9781003179382

OCLC:

1252423359