Books > Earth & environment > Geography > Human geography > Economic geography
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China's Economy - What Everyone Needs to Know (R) (Paperback)
Loot Price: R315
Discovery Miles 3 150
You Save: R32
(9%)
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China's Economy - What Everyone Needs to Know (R) (Paperback)
Series: What Everyone Needs To Know (R)
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List price R347
Loot Price R315
Discovery Miles 3 150
You Save R32 (9%)
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China is on track to exceed the United States as the world's
largest economy in the next several years. It is already the
leading global trading nation. Even though its growth rate has
recently slowed from years past, China has had the fastest yearly
growth rate of any country for much of the last three decades. In
China's Economy: What Everyone Needs to Know, Arthur Kroeber offers
an overview of the highlights of China's development since economic
reforms were initiated under Deng Xiaoping in 1979. He argues that
manufacturing, agricultural change, and construction reoriented the
economy in the 1980s and 1990s through state-owned enterprises,
private entrepreneurship, and foreign investment. Those shifts
unleashed perhaps the largest migration ever in world history from
rural areas to urban centers, accompanied by a no less
unprecedented expansion of infrastructure. Changes in the country's
fiscal and financial systems vastly increased China's monetary
holdings from the 1990s onwards, leading to the country's strategic
holding of more U.S. debt than any other nation. Kroeber also
examines economic growth as it has been experienced by Chinese
workers and consumers, including the mounting problems of income
and wealth inequality, corruption, and environmental degradation.
Kroeber ultimately turns to the consequences of Chinese economic
growth: its decisive impact on the world economy, its visible and
challenging resource extraction from Africa and Latin America, and
its increasing engagement with global economic institutions.
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