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The Chinese Economy: Transitions and Growth by Barry Naughton

The Chinese Economy: Transitions and Growth Barry Naughton ebook
Publisher:
Format: pdf
ISBN: 0262140950, 9781429455343
Page: 504

Economic reform is back on the agenda,” said Barry Naughton, author of the 2006 book “The Chinese Economy: Transitions and Growth” and a professor at the University of California at San Diego. Case in point: China, where labor shortages are working to slow growth in the nation's economy. Market Forces and the Chinese Economic Transition. Chinese economic policymakers will have to reduce explicit government controls and inter- vention and become more comfortable with allowing market mechanisms to guide ever larger segments of the economy. Transition towards China's growth model being driven by consumer spending will give rise to much greater volatility when it comes to managing the economy and bring about a step-change down in the rates of GDP growth. On the side of western-style democracy stood Minxin Pei, the director of the Keck Center for International and Strategic Studies at Claremont McKenna College and author of China's Trapped Transition: The Limits of Developmental Autocracy in which Pei examines the sustainability of the Chinese On the economic front, China's growth has been driven by investments at home and exports to developed countries—trends that are not sustainable in the long run. Europe (i.e., Szelényi 1988), our findings share the view that in rural areas of transition economies, peasant entrepreneurship inherited from the pre-Revolutionary era The Chinese Economy: Transition and Growth. Market forces always work to whatever to work toward long-term good. Economic growth, it also requires a change in traditional modes of economic policymaking. She said that the economic transition taking place in China – less reliance on fixed asset investment and more consumption – will impact demand growth for industrial metals. With reference to comparative economic transition, especially in Eastern. This represents the robustness of Chinese rural families as a cultural institution. Basic unit of economic activity. Despite these Too gradual a transition, however, exposes the Chinese economy to the risk of a sharp correction for an undesirably long period. China's economy is forecast to boom from 2013, but this may not necessarily translate into a big price rally for metals, as intensity of usage is leveling off in the country due to changes in its economic growth model.