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How China Grows - Investment, Finance, and Reform (Paperback)
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How China Grows - Investment, Finance, and Reform (Paperback)
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Total price: R1,155
Discovery Miles: 11 550
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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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