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Now available in a fully-revised and updated third edition, this established textbook provides a penetrating and comprehensive analysis of the historical, institutional, and theoretical factors that have contributed to China’s economic success. Includes coverage of China’s foreign investments, trade with regional partners, Chinese human capital, and bureaucratic economic institutions Covers a diverse set of important issues, including environmental restraints, income distribution, rural poverty, the education system, healthcare, exchange rate policies, monetary policies, and financial regulation Accessibly written and intelligently organized to offer a straightforward guide to China’s economic evolution Written by a lauded economist, researcher, and advisor to government officials in mainland China and Taiwan
In the early 1990's, the world began to recognize China as a rising economic power to reckon with. China's economy is dynamic — her human and natural resources are plentiful and her economic growth has been well sustained over the last 16 years. In fact, some have predicted that by the year 2020, China's economic output will be close to half that of the US. It is undeniable that China will be an economic giant, if she is not already one today.In this book, the author has traced China's economic development over the last 16 years. The steps and characteristics of China's economic reform are detailed. The prospects for China's economic growth are studied. The author also attempts to analyze topical issues pertaining to China's economic relations with the US and her integration with the other Asian economies. This book provides the interested reader with a bird's eye view of the Chinese economy over the last 16 years. Most chapters are written for the general reader, while a few are for professional economists. For the questions it answers or for those that it raises, this is an important book to read.
This book is unique in covering all important topics of the Chinese economy in depth but written in a language understandable to the layman and yet challenging to the expert. Beginning with entrepreneurship that propels the dynamic economic changes in China today, the book is organized into four broad parts to discuss China's economic development, to analyze significant economic issues, to recommend economic policies and to comment on the timely economic issues in the American economy for comparison.Unlike a textbook, the discussion is original and thought-provoking. It is written by a most distinguished economist who has studied the Chinese economy for thirty years, after making breathtakin...
This work provides a unified and simple treatment of dynamic economics using dynamic optimization as the main theme, and the method of Lagrange multipliers to solve dynamic economic problems. The author presents the optimization framework for dynamic economics in order that readers can understand the approach and use it as they see fit. Instead of using dynamic programming, the author chooses instead to use the method of Lagrange multipliers in the analysis of dynamic optimization because it is easier and more efficient than dynamic programming, and allows readers to understand the substance of dynamic economics better. The author treats a number of topics in economics, including economic growth, macroeconomics, microeconomics, finance and dynamic games. The book also teaches by examples, using concepts to solve simple problems; it then moves to general propositions.
This book seeks to survey the role of tycoons in Hong Kong's socio-political and socioeconomic developments. Summoned to Beijing just before the onset of the territory's longest social movement, it highlights the tycoons' symbolic intermediary role between Beijing's elite and the people of Hong Kong. Also investigated is the unwritten social contract between Beijing's elite and Hong Kong society — that the tycoons will be rewarded economically or left alone to conduct their business activities if they remain compatible with Beijing's policy directions (or at least remain neutral in contentious issues) and facilitate policy implementation if necessary.Tycoons in Hong Kong has three research...
Over the past two decades, China’s political reforms, open-door policy, dramatic economic growth, and increasingly assertive foreign policy have had an unprecedented regional and global impact. This introductory textbook provides students with a fundamental understanding of government and politics in China as well as the conceptual ability to explore the general patterns, impacts, and nature of continuities and changes in Chinese politics. Further, it equips students with analytical frameworks by which they can understand, analyse and evaluate the major issues in Chinese politics, including: The basic methodologies and theoretical controversies in the study of Chinese politics. The major d...
Giovanni Castellani Rector of the University of Venice This book contains the Proceedings of the Conference on "Economic Policy and Control Theory" which was held at the University of Venice (Italy) on 27 January-l February 1985. The goal of the Conference was to survey the main developments of control theory in economics, by emphasizing particularly new achievements in the analysis of dynamic economic models by con trol methods. The development of control theory is strictly related to the development of science and technology in the last forty years. Control theory was indeed applied mainly in engineering, and only in the sixties economists started using control methods for analys ing econo...
This volume brings together a collection of the best available analyses of China’s problems in governing rapid growth, focusing on equity and institutions, from well respected Chinese and non-Chinese scholars.
In a thoroughly researched and clearly written account of the development experiences of mainland China, Taiwan, and Hong Kong, Alvin Rabushka examines three societies with similar populations but very different political and economic institutions. Rejecting one-dimensional explanations of successful development, Rabushka looks at the way in which
Pt. 1. Economic institutions. ch. 1. Introduction: an overview of China's economy. ch. 2. Three important players of China's economy. ch. 3. Is Chinese capitalism different? ch. 4. Economic planning in China. ch. 5. Role of economists in China's economic development. ch. 6. Free to choose in China. ch. 7. Chinese and American economic institutions reflecting cultural differences. ch. 8. Outflow of capital and China's diplomacy. ch. 9. Economic relations between Brazil and China. ch. 10. India's model of rapid economic development. ch. 11. Will the Russian economy grow rapidly? ch. 12. Comparing economic developments in Taiwan and mainland China -- pt. 2. Economic issues. ch. 13. Problems fac...