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The Chinese Economy: Transitions and Growth by Barry Naughton

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

Since its departure from Communism and the liberalization of its economy, China has experienced extremely high economic growth rates, raised hundreds of millions of people out of poverty, and has become a central component of the global economy due to its high degree of integration and essential role in the supply chain (Sachs, 2005, 165-169). One consequence of the ensuing drift in the Likewise, the Chinese system is showing the limitations of the current economic growth model that has propelled its steady rise. As China accumulated economic and strategic clout, its neighbors benefited from its rapid GDP growth, which spurred their own economies. Mao's death in 1976 facilitated the transition that took place under Deng Xiaoping. Contrary to the conventional wisdom that China's economic growth has been driven by exports, it is investment that actually contributes the most. The Chinese pattern of rapid growth with structural change has been accompanied by rising economic imbalances, just as the main pillars of growth seem to be gradually weakening. Presidential election cycle and China's once-in-a-decade leadership transition left both leaderships struggling to sustain momentum in the relationship in the face of powerful forces drawing their respective gazes inward. Naughton, Barry, 2007, The Chinese Economy Transitions and Growth, Boston, Massachusetts: MIT Press. Chinese premiere Wen Jiabao has made clear that stabilizing China's economic growth is a priority and markets are likely to be positive on this GDP data since they now expect more policy easing measures. But it is also due to the growing place of China in international relations, following from its economic development. Can China's economy keep growing despite recent slowdowns? Naughton's most recent book is The Chinese Economy: Transitions and Growth, a comprehensive survey of the Chinese economy. One of the key challenges facing China's new leaders will be how to keep the world's second largest economy on track. Naughton, Barry (2007), The Chinese Economy: Transitions and Growth. High and sustained GDP growth rates were based on elevated The metamorphosis of the dragon may involve painful growing pains, including the risks of a hard landing that many analysts attribute to the current transition.