Modernizing China's Growth Paradigm

Business & Finance, Economics, Money & Monetary Policy, International Economics, Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy
Cover of the book Modernizing China's Growth Paradigm by Eswar Mr. Prasad, Raghuram Rajan, INTERNATIONAL MONETARY FUND
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Author: Eswar Mr. Prasad, Raghuram Rajan ISBN: 9781451983500
Publisher: INTERNATIONAL MONETARY FUND Publication: March 1, 2006
Imprint: INTERNATIONAL MONETARY FUND Language: English
Author: Eswar Mr. Prasad, Raghuram Rajan
ISBN: 9781451983500
Publisher: INTERNATIONAL MONETARY FUND
Publication: March 1, 2006
Imprint: INTERNATIONAL MONETARY FUND
Language: English
China has achieved tremendous economic progress in the last three decades, but there is much work to be done to make the economy resilient to large shocks, ensure the sustainability of its growth, and translate this growth into corresponding improvements in the economic welfare of its citizens. We discuss the complex challenges that Chinese policymakers face in striking the right balance in terms of speed and coordination of reforms. We argue that China's current stage of development, along with its rising market orientation and increasing integration with the world economy, may make the incremental and piecemeal approaches to reforms increasingly untenable and, in some cases, could even generate risks of their own. The present favorable domestic and external circumstances provide an excellent window of opportunity for bolder reforms and for tackling some deep-rooted problems without causing much economic disruption.
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
China has achieved tremendous economic progress in the last three decades, but there is much work to be done to make the economy resilient to large shocks, ensure the sustainability of its growth, and translate this growth into corresponding improvements in the economic welfare of its citizens. We discuss the complex challenges that Chinese policymakers face in striking the right balance in terms of speed and coordination of reforms. We argue that China's current stage of development, along with its rising market orientation and increasing integration with the world economy, may make the incremental and piecemeal approaches to reforms increasingly untenable and, in some cases, could even generate risks of their own. The present favorable domestic and external circumstances provide an excellent window of opportunity for bolder reforms and for tackling some deep-rooted problems without causing much economic disruption.

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