Fault Lines in China's Economic Terrain


Book Description

The authors consider how and by how much China's stellar economic performance might be impaired by eight potential adversities that China may face in the next decade: unemployment, poverty, and social unrest; corruption; HIV/AIDS and epidemic diseases; water resource problems and pollution; energy consumption and prices; the fragile financial system and state-owned enterprises; curtailed foreign direct investment; and serious military conflicts.




Fault Lines in China's Economic Terrain


Book Description

The focus of this research is the potential adversities or fault lines (the terms are used synonymously) facing China's economy and affecting its prospects for sustaining high growth through the coming decade. Thus, we deliberately concentrate on what might go seriously awry in the economy and, in the process, slow or even reverse China's double-digit growth rates in the 1980s and high single-digit growth in the 1990s and the early part of the 21st century. This book is the product of a project jointly sponsored by the Office of Net Assessment in the Department of Defense and the Smith Richardson Foundation. Their sponsorship was based on a mutual understanding that their joint support would enable the work to be expanded beyond what would have been possible if funding were confined to one sponsor alone. The project was implemented through RAND's National Defense Research Institute (NDRI), a federally funded research and development center sponsored by the Office of the Secretary of Defense, the Joint Staff, the unified commands, and the defense agencies. The book should be of interest and use to those in the policy community and the academic community concerned with China and with the economic and security environment in the Asia-Pacific region.




The Chinese Economy and its Challenges


Book Description

The remarkable transformation of the Chinese economy in terms of its structure and growth has drawn unprecedented attention from academics, policy makers and businessmen alike. In the past four decades, China swiftly transformed from a centrally-planned to a market-oriented economy, with an economic size just behind the US and ahead of Japan. Amid commendations for China's economic success offering valuable reform and growth lessons to other developing countries, underlying challenges have been emerging, which constitute long-term risks in shaking China's sustainable success. These challenges encompass a wide range of sectors and issues such as the rural-urban divide, state monopoly, policy loans in the banking sector, lack of skilled and sophisticated workers, environmental degradation, etc. This book unveils the risks and challenges embedded in China's spectacular economic success and demonstrates that effective handling of these challenges is vital for China to avoid falling into the "middle-income trap". It is elucidated that feasible solutions are available to accommodate these risks and the clue of success lies on the willingness and ability of China's central leaders to implement further reforms. This book is a valuable reference for undergraduate and postgraduate students, academics, and public and business policy makers who are concerned about the current status and future development of the Chinese economy.




Looking Backward and Forward


Book Description

This collection of twenty-five essays written over the past five years by international economic policy expert Charles Wolf Jr. covers a range of worldwide economic, political, security, and diplomatic issues. Wolf looks at the challenges facing the United States at home and around the globe including critical issues regarding China, Japan, Korea, Russia, Iraq, and other key locales. Throughout the book, the author offers his often-controversial viewpoints, such as his assertion that "unilateralism" in U.S. national security policy may sometimes be preferable to multilateralism or that the erroneous expectation that Iraq possessed nuclear weapons does not imply that the intelligence leading to this expectation was flawed. Wolf reexamines each essay in the light of later developments with a "postaudit" comment to address whether the original argument is still valid and relevant compared with when it was first written.




China's Great Economic Transformation


Book Description

This landmark study provides an integrated analysis of China's unexpected economic boom of the past three decades. The authors combine deep China expertise with broad disciplinary knowledge to explain China's remarkable combination of high-speed growth and deeply flawed institutions. Their work exposes the mechanisms underpinning the origin and expansion of China's great boom. Penetrating studies track the rise of Chinese capabilities in manufacturing and in research and development. The editors probe both achievements and weaknesses across many sectors, including China's fiscal, legal, and financial institutions. The book shows how an intricate minuet combining China's political system with sectorial development, globalization, resource transfers across geographic and economic space, and partial system reform delivered an astonishing and unprecedented growth spurt.




China in 2020


Book Description

"Explains how China, as the world's largest emerging market, will impact global economic growth, FDI flows, energy consumption, climate change, and other arenas, with a proposed strategic framework that would guide the country's rise while maximizing positive impacts and minimizing any negative externalities"--Provided by publisher.




The Culture of Leadership in Contemporary China


Book Description

The resurgence of Confucianism, Daoism, and Buddhism in the context of Chinese leadership values has emerged as a foundation for a new generation of leaders. The once-in-a-decade transition of China’s leadership witnessed the ascendency of a consensus-oriented fifth generation of leaders supporting a central authoritative figure whose priority will likely include the reconciliation of a waning communist ideology juxtaposed with its ostensible embrace of capitalism. How will Chinese Communist Party authority, ideology, and control address the encroachment of Western values that are centered on Roman law, Greek philosophy, and Christian religion which prioritizes individual freedom and democracy? This book examines the role of traditional Chinese values, ideology, and philosophy as a key determinant in modern China’s leadership succession. The author asserts that, as communist ideology wanes, Chinese leaders will turn to their own traditional values found in Confucianism, Daoism, and Buddhism to establish legitimacy to rule as they seek to promote Chinese prominence and greatness in the world. The author’s research assesses China’s promotion of its own traditional values in rejecting foreign value influence. Since the inception of modern China at the beginning of the 20th century, China’s leadership transition has evolved from an authoritarian, cult-like dictatorship to a consensus-oriented process. In researching this metamorphosis, this book offers social, political, cultural, and historical perspectives to demonstrate that Chinese human values and character factors have risen in prominence as key elements in the mandate of Chinese governance and leadership. The author concludes that Chinese leadership values and its study and diffusion across sectors of Chinese leadership—including business, organizations, and government—have become a means to accentuate Chinese values as a viable alternative to Western claims of absolute and universally accepted values.




Mapping the Global Future


Book Description

Takes a long-term view of the future. Offers a fresh look at how key global trends might develop over the next decade and a half to influence world events. Offers a range of possibilities and potential discontinuities. Builds upon methods used to develop two earlier studies, "Global Trends 2010" and "Global Trends 2015”. Employs a wide variety of innovative methodologies and approaches, including extensive consultations with a wide range of governmental and non-governmental experts. Includes a CD-ROM in a pocket which contains the entire text of the report. National Intelligence Council 2004-13.




Historical Dictionary of the Chinese Economy


Book Description

The Historical Dictionary of the Chinese Economy covers the world’s second largest macro economy. Extensive attention throughout the volume is given to the historical development of the Chinese economy since the establishment of the People’s Republic of China (PRC) in 1949. Included is a review of developments during the period of central economic planning adopted from the Soviet Union (1953-1978) and in-depth information and analysis on the various policies and fundamental changes brought about in China by the inauguration of economic reforms from 1978-1979 through 2016. This book contains a chronology, an introduction, and an extensive bibliography. The dictionary section has over 400 cross-referenced entries on i critical sectors of the economy including automobiles, banking and finance, national currency, economic regulation, trade and investment, and important industries such as agriculture, computers and electronics, iron and steel, real estate, and shipping.. This book is an excellent resource for students, researchers, and anyone wanting to know more about China’s economy.




Understanding Emerging Markets


Book Description

Emerging markets (Ems) are the focus of increasing interest in the field of international business, as they provide significant challenges and great opportunities. Focusing on the dynamics of emerging markets, this informative book provides an academically rigorous yet business-oriented analysis of the key issues in this area and incorporates chapters on: the nature of emerging markets market development integrating Ems in the global economy implications for business strategy. Providing an in-depth analysis of two of the most important Ems, China and India, this user-friendly text incorporates extensive case studies, boxed summaries, discussion questions and an extensive bibliography.