[PDF] Demystifying The Chinese Miracle eBook

Author : Wang Yongqin
Publisher : Routledge
Page : 157 pages
File Size : 44,91 MB
Release : 2013-07-31
Category : Business & Economics
ISBN : 113501504X

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The last three decades has witnessed miraculous economic growth of China. What has accounted for its miracle? What is the nature and future of the Chinese model? Is it unique? This book presents an analytical framework to demystify China's economic growth miracle. The book suggests that interlinked and relational contracts between the agents (in particular, between the state and the business) can compensate for flawed markets to achieve high growth. This kind of relational capitalism is significant in the investment-based stage of development, when mobilization of resources to exploit the existing technologies is key for growth. The book presents a general theory of interlinked relational contract, the workhorse model of the book. The theory highlights that effective governance is a function of market extent and market completeness. The process of economic development and modernization can be looked at fruitfully from two perspectives: the markets and the institutions and their interactions. The book stresses the critical fit between the development stage and the governance for a country's economic transition and development and thus the idea of "appropriate institutions".

Author : Justin Yifu Lin
Publisher : Cambridge University Press
Page : 331 pages
File Size : 50,17 MB
Release : 2012
Category : Business & Economics
ISBN : 0521191807

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An insightful account of the remarkable transition of the Chinese economy from impoverished backwater to economic powerhouse.

Author : Justin Yifu Lin
Publisher : The Chinese University of Hong Kong Press
Page : 432 pages
File Size : 41,9 MB
Release : 2004-03-15
Category : Business & Economics
ISBN : 9882378781

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The tremendous success of China's economic reform, in contrast with the vast difficulties encountered by the former Soviet Union and Eastern European countries in their transition, has attracted worldwide attention. Using a historical, comparative and analytic approach grounded in mainstream economics, the authors develop a consistent and rational framework of state-owned enterprises and individual agents to analyze the internal logic of the traditional planning system. They also explain why the Chinese economy grew slowly before the market-oriented reform in 1979 but became one of the fastest growing economies afterwards, and why the vigour/chaos cycle became part of China's reform process. The book also addresses to the questions that whether China can continue its trend of reform and development and become the largest economy in the world in the early 21st century, and what the general implications of China's experience of development and reform are for other developing and transition economies. The first edition has been well-received and is the standard textbook or reference for students and researchers of China studies. In this thoroughly revised edition, the authors have updated the data and information in the book and include a new chapter on the impact of China's WTO accession on its economic reforms and causes of the current deflation.

Author : Martin Eichenbaum
Publisher : University of Chicago Press
Page : 517 pages
File Size : 29,34 MB
Release : 2016-06-22
Category : Business & Economics
ISBN : 022639574X

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This year, the NBER Macroeconomics Annual celebrates its thirtieth volume. The first two papers examine China’s macroeconomic development. “Trends and Cycles in China's Macroeconomy” by Chun Chang, Kaiji Chen, Daniel F. Waggoner, and Tao Zha outlines the key characteristics of growth and business cycles in China. “Demystifying the Chinese Housing Boom” by Hanming Fang, Quanlin Gu, Wei Xiong, and Li-An Zhou constructs a new house price index, showing that Chinese house prices have grown by ten percent per year over the past decade. The third paper, “External and Public Debt Crises” by Cristina Arellano, Andrew Atkeson, and Mark Wright, asks why there appear to be large differences across countries and subnational jurisdictions in the effect of rising public debts on economic outcomes. The fourth, “Networks and the Macroeconomy: An Empirical Exploration” by Daron Acemoglu, Ufuk Akcigit, and William Kerr, explains how the network structure of the US economy propagates the effect of gross output productivity shocks across upstream and downstream sectors. The fifth and sixth papers investigate the usefulness of surveys of household’s beliefs for understanding economic phenomena. “Expectations and Investment,” by Nicola Gennaioli, Yueran Ma, and Andrei Shleifer, demonstrates that a chief financial officer's expectations of a firm's future earnings growth is related to both the planned and actual future investment of that firm. “Declining Desire to Work and Downward Trends in Unemployment and Participation” by Regis Barnichon and Andrew Figura shows that an increasing number of prime-age Americans who are not in the labor force report no desire to work and that this decline accelerated during the second half of the 1990s.

Author : Nicholas D. Kristof
Publisher : Vintage
Page : 529 pages
File Size : 45,35 MB
Release : 2011-10-12
Category : History
ISBN : 0307764230

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The definitive book on China's uneasy transformation into an economic and political superpower, and an insightful and thought-provoking analysis of daily life in China from the Pulitzer Prize–winning journalists and bestselling authors of Half a Sky. "Nick Kristof's and Sheryl WuDunn's work as correspondents in China was beyond compare, and now they have written a book every bit as astonishing. China Wakes is filled with anecdote, detail, and analysis of the highest order.... This book demands reading, and yet it is a pleasure as well as an education." —David Remnick, Editor of The New Yorker Featuring 16 pages of photos

Author : Jonathan D. Spence
Publisher : W. W. Norton & Company
Page : 1054 pages
File Size : 31,52 MB
Release : 1990
Category : History
ISBN : 9780393307801

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In this widely acclaimed history of modern China, Jonathan Spence achieves a fine blend of narrative richness and efficiency. The Search for Modern China offers a matchless introduction to China's history.

Author : Yu Hua
Publisher : Anchor
Page : 242 pages
File Size : 32,32 MB
Release : 2012-08-21
Category : History
ISBN : 0307739791

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From one of China’s most acclaimed writers: a unique, intimate look at the Chinese experience over the last several decades. Framed by ten phrases common in the Chinese vernacular, China in Ten Words uses personal stories and astute analysis to reveal as never before the world’s most populous yet oft-misunderstood nation. In "Disparity," for example, Yu Hua illustrates the expanding gaps that separate citizens of the country. In "Copycat," he depicts the escalating trend of piracy and imitation as a creative new form of revolutionary action. And in "Bamboozle," he describes the increasingly brazen practices of trickery, fraud, and chicanery that are, he suggests, becoming a way of life at every level of society. Witty, insightful, and courageous, this is a refreshingly candid vision of the "Chinese miracle" and all of its consequences.

Author : Juan Du
Publisher : Harvard University Press
Page : 385 pages
File Size : 14,12 MB
Release : 2020-01-07
Category : History
ISBN : 0674975286

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A rural borderland just forty years ago, today Shenzhen is a city of twenty million and a technology hub. This success is attributed to its status as a Special Economic Zone, but no other SEZs compare. Juan Du looks to the past to understand why. It turns out that Shenzhen is no prefab “instant city,” but a place influenced by deep local history.

Author : Justin Yifu Lin
Publisher : Princeton University Press
Page : 360 pages
File Size : 30,4 MB
Release : 2014-10-12
Category : Business & Economics
ISBN : 0691163561

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Justin Yifu Lin's groundbreaking account of how developing countries can help themselves—now fully updated How can developing countries grow their economies? Most answers to this question center on what the rich world should or shouldn't do for the poor world. In The Quest for Prosperity, Justin Yifu Lin—the first non-Westerner to be chief economist of the World Bank—focuses on what developing nations can do to help themselves. Lin examines how the countries that have succeeded in developing their own economies have actually done it. Interwoven with insights, observations, and stories from Lin’s travels as chief economist of the World Bank and his reflections on China’s rise, this book provides a road map and hope for those countries engaged in their own quest for prosperity.

Author : Scott Tong
Publisher : University of Chicago Press
Page : 262 pages
File Size : 14,32 MB
Release : 2017-11-17
Category : Biography & Autobiography
ISBN : 022633905X

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An “immensely readable” journey through modern Chinese history told through the experiences of the author’s extended family (Christian Science Monitor). When journalist Scott Tong moved to Shanghai, his assignment was to start the first full-time China bureau for “Marketplace,” the daily business and economics program on public radio stations across the US. But for Tong the move became much more: an opportunity to reconnect with members of his extended family who’d remained there after his parents fled the communists six decades prior. Uncovering their stories gave him a new way to understand modern China’s defining moments and its long, interrupted quest to go global. A Village with My Name offers a unique perspective on China’s transitions through the eyes of regular people who witnessed such epochal events as the toppling of the Qing monarchy, Japan’s occupation during WWII, exile of political prisoners to forced labor camps, mass death and famine during the Great Leap Forward, market reforms under Deng Xiaoping, and the dawn of the One Child Policy. Tong focuses on five members of his family, who each offer a specific window on a changing country: a rare American-educated girl born in the closing days of the Qing Dynasty, a pioneer exchange student, a toddler abandoned in wartime who later rides the wave of China’s global export boom, a young professional climbing the ladder at a multinational company, and an orphan (the author’s daughter) adopted in the middle of a baby-selling scandal fueled by foreign money. Through their stories, Tong shows us China anew, visiting former prison labor camps on the Tibetan plateau and rural outposts along the Yangtze, exploring the Shanghai of the 1930s, and touring factories across the mainland—providing a compelling and deeply personal take on how China became what it is today. “Vivid and readable . . . The book’s focus on ordinary people makes it refreshingly accessible.” —Financial Times “Tong tells his story with humor, a little snark, [and] lots of love . . . Highly recommended, especially for those interested in Chinese history and family journeys.” —Library Journal (starred review)