This book provides a fascinating perspective on why China will very
likely continue to play a major role in world export at a time when
it is losing its comparative advantage in labor-intensive
manufacturing products as a result of rapidly rising labor cost and
appreciation of its currency-the secret lies in the fact that China
(as the most populous nation) can benefit from increasing returns
to scale. However, the author also clearly outlines the enormous
challenges ahead of China: to urbanize and integrate most of its
rural population as a precondition for China to explore its
potential advantage in scale economy through agglomeration
effects.' - Guanzhong James Wen, Trinity College, US and Shanghai
University of Finance and Economics, China'This is an original
reading by a Chinese economist on the grand topic of China's
urbanization. Through gathering a vast amount of raw materials
available in Chinese, the book deliberately maintains its
indigenous flavour and introduces rich and timely information to
the outside world, on topical issues such as household registration
(Hukou) reform, fairness of land acquisition, housing price
control, forced demolition, urban poverty, traffic congestion and
many other topics. The attempt to consider the implications for the
world economy, especially on issues such as energy and material
consumption, is extremely valuable and much needed.' - Fulong Wu,
University College London, UK This innovative book places China's
urbanization within a broader global context, including a detailed
estimate of China's total domestic market and its impact on the
world economy. Urbanization has become a new driving force in
China's development. Through China's urbanization process, China's
role in the world economy will change from the world's major
workshop to one of the world s central markets. The increase in
demand triggered by urbanization has created a tremendous impact in
the international market, changing China's international trade
patterns, foreign investment and exchange rate. The success of
China's urbanization depends on a group of intertwined economic and
political reforms, the vision and determinedness of the leadership,
cooperation and opposition of the local government, and the
attitude of society. This book focuses on the logic and
contradictions of China's urbanization and its future, its impact
on the world economy, and the policy tradeoffs the Chinese
leadership face. Economists, policymakers, academics and students
interested in urban policy, international studies, Asian studies
and the impact of China's urbanization on the world economy will
all have much to learn in this groundbreaking book. Contents:
Preface Prologue Part I: China s Urbanization 1. China's
Urbanization: History and Facts 2. The Road Map and Logic of
China's Urbanization 3. Industrialization and Urban Development 4.
Labor Migration 5. Land and Local Government Finance 6.
Infrastructure and Housing Construction 7. Social Aspects of
Urbanization 8. Other Problems with Urbanization 9. The System of
the Cities Part II: China's Impacts on the World Market 10. Overall
Estimates and Assumptions 11. Raw Materials and Capital Goods 12.
Consumer Market 13. Relocation of Factors: Labor and Capital 14.
Macroeconomic Impacts Part III: Choices of China and the World 15.
China's Choices 16. The Choices of the Rest of the World
Conclusions Reference Index
General
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