China's Economy Into the New Century: Structural Issues and Problems, Structural Issues and Problems
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In the last two decades of the 20th century, China stood out as the worlds star performer in economic growth, thanks to the market-oriented reform that started in 1978. At the turn of the century, the Chinese economy faces a series of challenges to sustain its growth and stability. The two-decade-long rapid growth has effectively strengthened Chinas economic power and raised its peoples standard of living. It has also transformed China from a centrally planned command economy into a socialist m..., In the last two decades of the 20th century, China stood out as the worlds star performer in economic growth, thanks to the market-oriented reform that started in 1978. At the turn of the century, the Chinese economy faces a series of challenges to sustain its growth and stability. The two-decade-long rapid growth has effectively strengthened Chinas economic power and raised its peoples standard of living. It has also transformed China from a centrally planned command economy into a socialist market economy, which operates increasingly in line with capitalist norms. Major structural problems, however, remain and are growing acute. Weakness in the fiscal system breeds rent seeking at the local level and causes tension in the state budget. The flawed financial institutions and the biased ownership structure continue to distort resource allocation and cause huge efficiency losses. Inter-provincial and inter-regional disparity is reaching a level that threatens national unity and social stability. As China joins the World Trade Organization and becomes more integrated into the world economy, it urgently needs to improve the domestic business environment and to beef up indigenous industries for foreign competition. This volume is a collection of papers written by scholars at the East Asian Institute to address those problems during the period 19992001. The authors, with their knowledge and experience in China studies, provide in-depth observations and professional analyses of some of the most important issues for the Chinese economy at the turn of the century. Some of the observations and analyses lead to enlightening policy recommendations. The solid scholarship combined with the policy orientation of these papers will appeal greatly to researchers in academia, governments and other institutions. The policy-oriented and fact-based analyses will also be of interest to practitioners in business, including business consultants. Contents:Growth and Structural AdjustmentsFiscal Federalism and ReformsInter-Regional PolicyInfrastructure Hard and SoftRegional Impact Readership: General. Key Features:This book has no counterpart of its kind because it focuses on both contemporary issues and historical trends. Its authors come from a wide range of disciplines and have long-lasting experience in Latin America as their field of expertise, teaching and researchThe book is multidisciplinary in its scope and encompasses, geographically, a whole continentTaal: Engels;Verschijningsdatum: juli 2002;ISBN10: 9810247885;ISBN13: 9789810247881; Engelstalig | Hardcover | 2002.

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