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How China Grows - Investment, Finance, and Reform (Hardcover) Loot Price: R1,814
Discovery Miles 18 140
How China Grows - Investment, Finance, and Reform (Hardcover): James Riedel, Jing Jin, Jian Gao

How China Grows - Investment, Finance, and Reform (Hardcover)

James Riedel, Jing Jin, Jian Gao

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Loot Price R1,814 Discovery Miles 18 140 | Repayment Terms: R170 pm x 12*

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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

General

Imprint: Princeton University Press
Country of origin: United States
Release date: April 2007
First published: March 2007
Authors: James Riedel • Jing Jin • Jian Gao
Dimensions: 216 x 140 x 22mm (L x W x T)
Format: Hardcover - Trade binding
Pages: 224
ISBN-13: 978-0-691-12562-6
Categories: Books > Business & Economics > Economics > Development economics
Books > Business & Economics > Finance & accounting > Finance > Investment & securities > General
Books > Money & Finance > Investment & securities > General
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LSN: 0-691-12562-7
Barcode: 9780691125626

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