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Focusing on China's economic transformation from 1978 to 2011, the book delves into the nation's strategies for avoiding the middle-income trap and achieving remarkable growth. It examines the "impossible triangle" concept, urbanization dividends, and the shift from demographic to reform dividends following the Lewis turning point. The author emphasizes the need to enhance total factor productivity for sustained growth, providing insights into the complexities of the Chinese economy and addressing common misconceptions about its development.
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Understanding China's Economy, Fang Cai
- Language
- Released
- 2021
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- (Hardcover)
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- Title
- Understanding China's Economy
- Subtitle
- The Turning Point and Transformational Path of a Big Country
- Language
- English
- Authors
- Fang Cai
- Publisher
- Springer Nature Singapore
- Released
- 2021
- Format
- Hardcover
- Pages
- 288
- ISBN13
- 9789813363212
- Category
- Business and Economics
- Description
- Focusing on China's economic transformation from 1978 to 2011, the book delves into the nation's strategies for avoiding the middle-income trap and achieving remarkable growth. It examines the "impossible triangle" concept, urbanization dividends, and the shift from demographic to reform dividends following the Lewis turning point. The author emphasizes the need to enhance total factor productivity for sustained growth, providing insights into the complexities of the Chinese economy and addressing common misconceptions about its development.