What Drives China's Economy

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The spectacular economic growth experienced by China since 1978 has often been hailed as the "China Miracle". Many economists have tried to understand the forces behind China's phenomenal growth and the explanations can be divided into two broad sch…
199,-
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E-Bok
What Drives China's Economy
E-Bok
Engelsk
199,-
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    Om What Drives China's Economy

    The spectacular economic growth experienced by China since 1978 has often been hailed as the "China Miracle". Many economists have tried to understand the forces behind China's phenomenal growth and the explanations can be divided into two broad schools of economic thought - one school of thought which includes Nobel Laureate Paul Krugman explains that market mechanism and deregulation led to China's success, while the other school of thought which include Justin Yifu Lin, the former Chief Economist and Senior Vice-President of the World Bank, explains that China's growth miracle is a unique model to itself defined by the Chinese government's prominent role. The Chinese government has been responsible in identifying and investing in industries that have contributed to economic growth. Some economists in the latter school even claim that the China Miracle cannot be explained by mainstream economics. This book examines both schools of thought and attempts to provide a synthesis of the two schools to explain the China Miracle. It looks at the Solow-Swan growth model, the Harrod-Domar model and transaction cost theory. It provides insights into whether and how China can sustain its growth and how developing countries may replicate China's success.

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    Detaljer

    Format
    E-Bok
    Kopisperre
    Teknisk DRM
    Filformat
    PDF
    Utgivelsesår
    2019
    Forlag
    Taylor and Francis
    Språk
    Engelsk
    ISBN
    9780429608322
    Sider
    122
    Emne
    Development economics & emerging economies, Economics, International economics, Microeconomics

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