How China Grows: Investment, Finance, and Reform - Hardcover

Riedel, James; Jin, Jing; Gao, Jian

 
9780691125626: How China Grows: Investment, Finance, and Reform
Hardcover
ISBN 10: 0691125627 ISBN 13: 9780691125626
Verlag: Princeton University Press, 2007

Inhaltsangabe

Why investment and financial reform are essential to China's continued economic well-being

Although China's economy has grown spectacularly over the last twenty-five years, economists disagree about how the Chinese economy is likely to fare in the short- and long-term future. Is China's growth sustainable, or has China relied too much on investment, which is subject to diminishing returns, and not enough on technological change? The first book on the relation between investment, finance, and growth in China, How China Grows dismisses this concern. James Riedel, Jing Jin, and Jian Gao argue that investment has not only been the engine of growth, but also the main source of technological progress and structural change in China.

What threatens future growth instead, the authors argue, are the weaknesses of China's financial system that undermine efficiency in investment allocation. Financial-sector reform and development are necessary, not only for sustaining long-term growth, but also for maintaining macroeconomic stability.

Although it includes some technical economic analysis, How China Grows is accessible to noneconomists and will benefit anyone who is interested in development finance in general and in China's economic growth in particular—whether economists, political scientists, bankers, or business people.

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Über die Autorin bzw. den Autor

James Riedel is Professor of International Economics at Johns Hopkins University's School of Advanced International Studies. Jing Jin is Director of China Strategy for UBS AG Hong Kong, and a professor at Beijing's Central University of Finance and Economics. Jian Gao is Vice-Governor of the China Development Bank in Beijing.

Von der hinteren Coverseite

"Challenging conventional theory, this excellent book argues that investment drives China's economic growth and technological development."--Franklin Allen, Wharton School, University of Pennsylvania

"How China Grows is a concise and systematic evaluation of the role of investment in China's economic growth since 1978. The authors argue that investment has been the main driver of China's growth but that future growth will require a more effective financial, particularly banking, system. This is the first book to systematically examine the investment--growth nexus in China, and those interested in understanding the dynamics of China's growth over the past three decades will certainly want to read it."--Nicholas R. Lardy, Institute for International Economics

Aus dem Klappentext

"Challenging conventional theory, this excellent book argues that investment drives China's economic growth and technological development."--Franklin Allen, Wharton School, University of Pennsylvania

"How China Grows is a concise and systematic evaluation of the role of investment in China's economic growth since 1978. The authors argue that investment has been the main driver of China's growth but that future growth will require a more effective financial, particularly banking, system. This is the first book to systematically examine the investment--growth nexus in China, and those interested in understanding the dynamics of China's growth over the past three decades will certainly want to read it."--Nicholas R. Lardy, Institute for International Economics

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Verlag
Princeton University Press
Erscheinungsdatum
2007
Sprache
Englisch
ISBN 10 
0691125627
ISBN 13 
9780691125626
Einband
Gebundene Ausgabe
Anzahl der Seiten
208
Kontakt zum Hersteller
Nicht verfügbar
Verantwortliche Person
Buchbär
info@buchbaer.de

Weberstr. 67
Osnabrück
49084
Deutschland

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9780691248066: How China Grows: Investment, Finance, and Reform

Vorgestellte Ausgabe

ISBN 10:  0691248060 ISBN 13:  9780691248066
Verlag: Princeton University Press, 2023
Softcover