Lewisian Turning Point In The Chinese Economy

Author: R. Minami
Publisher: Springer
ISBN: 1137397268
Size: 72.62 MB
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Lewisian Turning Point In The Chinese Economy from the Author: R. Minami. This volume is concerned with labor market developments in China from a comparative perspective on selected East and South Asian countries. It closely examines the changing structure of China's labor market in the context of the Lewisisan turning point in ecomomic development.

Debating The Lewis Turning Point In China

Author: Yiping Huang
Publisher: Routledge
ISBN: 1134925913
Size: 75.35 MB
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Debating The Lewis Turning Point In China from the Author: Yiping Huang. HUANG Yiping is Professor of Economics at the China Center for Economic Research, National School of Development, Peking University, China. He is also an adjunct professor at the Australian National University and a member of the China Finance 40 Forum. His current research focuses on macroeconomic policy, international finance and rural development. CAI Fang is Director, Professor and Fellow at the Institute of Population and Labor Economics, Chinese Academy of Social Sciences, China. He serves as Vice Chairman of the China Population Association. His current research focuses on China’s labor migration, population and development, economic reform, income distribution and poverty.

Beyond Demographic Dividends

Author: Fang Cai
Publisher: World Scientific
ISBN: 9814520896
Size: 20.32 MB
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Beyond Demographic Dividends from the Author: Fang Cai. This book presents empirical observations and theoretical thinking of the fundamental changes in the Chinese economy. It starts with a warning of the arrival of the Lewis Turning Point, which is empirically proven by disappearance of surplus labor force and a rapid increase in wages of unskilled workers. It further reveals that China's rapid population-aging trend is diminishing the demographic dividend that has kept China's economic growth rate high. Subsequently, it touches upon employment challenges that arise after reaching the Lewis Turning Point, further propelling urbanization, a balanced regional development, and so on. Finally, it introduces middle-income trap which is one of the biggest challenges China is facing, followed by recommendation of policies for the Chinese government to tackle the challenges ahead. This book should be of great interest to graduates, undergraduates, researchers and specialists who follow closely the economic development and demographic transition of China, the world's most populous country. Contents:The Arrival of the Lewis Turning Point:How Many Turning Points will China's Economy Experience?Finding the Arrival of the Lewis Turning Point and Its Policy ImplicationExtended Reading: Demographic Transition, Demographic Dividend, and Lewis Turning Point in ChinaThe Disappearance of Demographic Dividends:How China is Dealing with the Problem of “Growing Old Before Becoming Rich”How China Responds to the Disappearance of Demographic DividendsExtended Reading: Demographic Dividend: New Source of Economic GrowthEnd of the Unlimited Labor Supply Era in China:The Era of Unlimited Labor Supply Ends in ChinaThe “Peasant Worker Shortage” Reflects the New Relationship of Labor Supply and Labor DemandMaintaining Composure and Positively Responding to the Changes in Labor RelationsExtended Reading: Wage Increases, Wage Convergence, and the Lewis Turning Point in ChinaEmployment Challenges After Reaching the Lewis Turning Point:Increased Urgency of Employment Challenges in the Long TermThe Implication of Wage Convergence in the Urban Labor MarketPromoting Healthy Development of China's Labor MarketExtended Reading: Growing Pains: What Employment Dilemma Does China Face at Its Lewisian Turning Point?Further Propelling Urbanization and Balanced Regional Development:Awareness of the “Mezzogiorno Trap” in the Central and Western RegionsFacts and Models about the Urbanization of Peasant WorkersA Tale of Two Cities: Diversity in the Household Registration System ReformExtended Reading: The Hukou Reform and Unification of Rural-Urban Social WelfareAvoiding the Middle-Income Trap:Maintaining Sustainable Economic Growth Requires Giving Priority to the Development of EducationHow to Deal with the Challenge of “Growing Old Before Becoming Rich”The Crux of the Continually Increasing Income InequalityExtended Reading: Is There a “Middle-Income Trap?” China's Theories, Experiences, and Importance Readership: Graduates, undergraduates, researchers and specialists who follow closely the economic development and demographic transition of China. Keywords:China;Demographic Dividend;Lewis Turning Point;Growth Pattern;Middle-Income TrapKey Features:Touches upon the hottest issues facing the economic growth and demographic changes in China, with in-depth studies and original findingsOffers authoritative and comprehensive perspectives, with each chapter attached to an academic paper to provide more empirical evidencesThe author is among the top 50 economists in China. As the Director of the Institute of Population Studies at the Chinese Academy of Social Sciences, the author is an influential figure in both academic circles and in the policy-making arena

The China Economy Yearbook Volume 2

Author: Jiagui Chen
Publisher: BRILL
ISBN: 9004168028
Size: 55.98 MB
Format: PDF, ePub, Docs
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The China Economy Yearbook Volume 2 from the Author: Jiagui Chen. This second English volume of The China Economy Yearbook provides an in-depth analysis of China’s economy during the initial year of China’s 11th 5-Year Plan. Written by leading economic researchers from China’s leading economic research institutions, the articles in the yearbook examine key aspects of China’s economic performance, including macroeconomic adjustment, inflation control, the financial system, public finance, foreign trade, agriculture, industry, and real estate.

The Escape From Balance Sheet Recession And The Qe Trap

Author: Richard C. Koo
Publisher: John Wiley & Sons
ISBN: 1119028175
Size: 35.10 MB
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The Escape From Balance Sheet Recession And The Qe Trap from the Author: Richard C. Koo. Compare global experiences during the balance sheet recession and find out what is needed for a full recovery The Escape from Balance Sheet Recession and the QE Trap details the many hidden dangers remaining as the world slowly recovers from the balance sheet recession of 2008. Author and leading economist Richard Koo explains the unique political and economic pitfalls that stand in the way of recovery from this rare type of recession that was largely overlooked by economists. Koo anticipated the current predicament in the West long before others and issued warnings in his previous books: Balance Sheet Recession and The Holy Grail of Macroeconomics. This new book illustrates how history is repeating itself in Europe while the United States, which learnt from the Japanese experience, is doing better by avoiding the fiscal cliff. However, because of the liberal dosage of quantitative easing already implemented, the United States, the United Kingdom, and Japan may face a treacherous path to normalcy in what Koo calls the QE Trap. He argues that it is necessary to understand balance sheet recession in order to resolve the Eurozone crisis, particularly the competitiveness problems. Koo issues warnings against those who are too ready to argue for structural reforms when the problems are actually with balance sheets. He re-examines Japan's two decades of experiences with this rare recession and offers an insider view on the Abenomics. On China, readers will gain a very different historical perspective as Koo argues that western commentators have forgotten their own history when they talk about the re-balancing of the Chinese economy. Learn from Japan which experienced the same predicament afflicting the West fifteen years earlier Discover how unwinding of quantitative easing will affect the United States, the United Kingdom, Japan, as well as the emerging world Examine solutions to the Eurozone problems caused by two balance sheet recessions eight years apart Gain insight into China's problems from the West's own experiences with urbanisation Koo, who developed the concept of balance sheet recession based on Japan's experience, took the revolution in macroeconomics started by John Maynard Keynes in 1936 to a new height. The Escape from Balance Sheet Recession and the QE Trap offers the world cure for balance sheet recession.

The Oxford Companion To The Economics Of China

Author: Shenggen Fan
Publisher: OUP Oxford
ISBN: 0191030236
Size: 55.78 MB
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The Oxford Companion To The Economics Of China from the Author: Shenggen Fan. China's rise as an economic powerhouse raises a number of questions that are the subject of lively debate. How did the country do it? How applicable are the lessons of China's economic reform of the past thirty years to the challenges it faces in the next three decades? What does the detailed pattern of China's success and challenges look like the sub-sectoral and sub-national levels, and what does this mean for future policy? How will China's role as a global economic player evolve? This Oxford Companion to the Economics of China presents an original collection of perspectives on the Chinese economy's past, present and future. The contributors of these entries include: the best of young Chinese researchers based in China and outside; renowned academics from the top universities in China, Europe, and North America; present and past senior officials of international agencies like the World Bank and the International Monetary Fund; senior Chinese government officials from the Centre and the Provinces; and four recipients of the Nobel Prize in Economics. The Companion consists of 99 entries written by the leading China analysts of our time. The topics covered include: The China Model, Future Prospects for China , China and the Global Economy, Trade and the Chinese Economy, Macroeconomics and Finance, Urbanisation, Industry and Markets, Agriculture and Rural Development, Land, Infrastructure and Environment, Population and Labour, Dimensions of Wellbeing and Inequality, Health and Education, Gender Equity, Regional Divergence in China, and China's Provinces: Selected Perspectives. The Editors are four global leaders in Chinese economic analysis and policy who between them have held or hold the following positions: Director General, International Food Policy Research Institute; Co-Editor, China Economic Review; President Chinese Economists Society; Assistant Director of Research at the IMF; Principal Adviser to the Chief Economist of the World Bank; and Professors of Economics at Ivy League Universities.

Chinese Research Perspectives On Population And Labor

Author: Fang Cai (Editor)
Publisher: BRILL
ISBN: 9004273182
Size: 11.72 MB
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Chinese Research Perspectives On Population And Labor from the Author: Fang Cai (Editor). This English-language volume is an edited collection of articles selected from the 2011 and 2012 Chinese-language volumes of the Green Book of Population and Labor.

China S New Sources Of Economic Growth Vol 1

Author: Ligang Song
Publisher: ANU Press
ISBN: 1760460354
Size: 34.50 MB
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China S New Sources Of Economic Growth Vol 1 from the Author: Ligang Song. China’s change to a new model of growth, now called the ‘new normal’, was always going to be hard. Events over the past year show how hard it is. The attempts to moderate the extremes of high investment and low consumption, the correction of overcapacity in the heavy industries that were the mainstays of the old model of growth, the hauling in of the immense debt hangover from the fiscal and monetary expansion that pulled China out of the Great Crash of 2008 would all have been hard at any time. They are harder when changes in economic policy and structure coincide with stagnation in global trade and rising protectionist sentiment in developed countries, extraordinarily rapid demographic change and recognition of the urgency of easing the environmental damage from the old model. China’s economy has slowed and there are worries that the authorities will not be able to contain the slowdown within preferred limits. This year’s Update explores the challenge of the slowdown in growth and the change in economic structure. Leading experts on China’s economy and environment review change within China’s new model of growth, and its interaction with ageing, environmental pressure, new patterns of urbanisation, and debt problems at different levels of government. It illuminates some new developments in China’s economy, including the transformational potential of internet banking, and the dynamics of financial market instability. China’s economic development since 1978 is full of exciting change, and this year’s China Update is again the way to know it as it is happening.

Chronicle Of A Decline Foretold

Author: Mitali Das
Publisher: International Monetary Fund
ISBN: 1475525192
Size: 18.77 MB
Format: PDF
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Chronicle Of A Decline Foretold from the Author: Mitali Das. China is on the eve of a demographic shift that will have profound consequences on its economic and social landscape. Within a few years the working age population will reach a historical peak, and then begin a precipitous decline. This fact, along with anecdotes of rapidly rising migrant wages and episodic labor shortages, has raised questions about whether China is poised to cross the Lewis Turning Point, a point at which it would move from a vast supply of low-cost workers to a labor shortage economy. Crossing this threshold will have far-reaching implications for both China and the rest of the world. This paper empirically assesses when the transition to a labor shortage economy is likely to occur. Our central result is that on current trends, the Lewis Turning Point will emerge between 2020 and 2025. Alternative scenarios—with higher fertility, greater labor participation rates, financial reform or higher productivity—may peripherally delay or accelerate the onset of the turning point, but demographics will be the dominant force driving the depletion of surplus labor.

The China Population And Labor Yearbook

Author: Fang Cai
Publisher: BRILL
ISBN: 9004216898
Size: 73.17 MB
Format: PDF
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The China Population And Labor Yearbook from the Author: Fang Cai. This English-language volume is an edited collection of articles from the 2010 Chinese-language volume of the Green Book of Population and Labor. It examines recent developments in the Chinese demographic transition and its implications, especially for the labor market.