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China's rapid rise to become the world's second largest economy has
resulted in an unprecedented impact on the global system and an
urgent need to understand the more about the newest economic
superpower. The Routledge Handbook of the Chinese Economy is an
advanced-level reference guide which surveys the current economic
situation in China and its integration into the global economy. An
internationally renowned line-up of scholars contribute chapters on
the key components of the contemporary economy and their historical
foundations. Topics covered include: the history of the Chinese
economy from ancient times onwards; economic growth and
development; population, the labor market, income distribution, and
poverty; legal, political, and financial institutions; and foreign
trade and investments. Offering a cutting-edge overview of the
Chinese economy, the Handbook is an invaluable resource for
academics, researchers, economists, graduate, and undergraduate
students studying this ever-evolving field.
China's rapid rise to become the world's second largest economy has
resulted in an unprecedented impact on the global system and an
urgent need to understand the more about the newest economic
superpower. The Routledge Handbook of the Chinese Economy is an
advanced-level reference guide which surveys the current economic
situation in China and its integration into the global economy. An
internationally renowned line-up of scholars contribute chapters on
the key components of the contemporary economy and their historical
foundations. Topics covered include: the history of the Chinese
economy from ancient times onwards; economic growth and
development; population, the labor market, income distribution, and
poverty; legal, political, and financial institutions; and foreign
trade and investments. Offering a cutting-edge overview of the
Chinese economy, the Handbook is an invaluable resource for
academics, researchers, economists, graduate, and undergraduate
students studying this ever-evolving field.
The main purpose of this book is to apply the basic tools of
economic analysis to the economy of the Peoples' Republic of China.
It is written for students of economics who would like to
understand China, for students of China who would like to
understand economics, and for professional economists and lay
readers who would like to understand the Chinese economy.The study
of the Chinese economy is interesting to economists for several
reasons. First, China has a different cultural background and a
different set of social and political institutions from the Western
countries, in which most of the tools of economic analysis have
been developed. It is therefore interesting to see how these tools
can be applied to China and how they ought to be further developed
or modified in the Chinese context. Second, many drastic changes in
economic policy and economic institutions have taken place since
the founding of the People's Republic of China. Such important
experiments in economics provide rare opportunities to study their
results. Third, since the later 1970s much more information on the
Chinese economy has become available. It is time for us to digest,
to scrutinize, and possibly to help improve the economic data on
China.
The main purpose of this book is to apply the basic tools of
economic analysis to the economy of the Peoples' Republic of China.
It is written for students of economics who would like to
understand China, for students of China who would like to
understand economics, and for professional economists and lay
readers who would like to understand the Chinese economy.The study
of the Chinese economy is interesting to economists for several
reasons. First, China has a different cultural background and a
different set of social and political institutions from the Western
countries, in which most of the tools of economic analysis have
been developed. It is therefore interesting to see how these tools
can be applied to China and how they ought to be further developed
or modified in the Chinese context. Second, many drastic changes in
economic policy and economic institutions have taken place since
the founding of the People's Republic of China. Such important
experiments in economics provide rare opportunities to study their
results. Third, since the later 1970s much more information on the
Chinese economy has become available. It is time for us to digest,
to scrutinize, and possibly to help improve the economic data on
China.
This book discusses important economic and social problems of
China. It is based on the author's latest findings from his
scholarly research on China's economy, his involvement with China's
economic reform and development, and his personal contacts with
Chinese academics, entrepreneurs, government officials and ordinary
citizens for over thirty years. The book is written in a style
accessible to the general reader, since most chapters are based on
articles published in three major Chinese newspapers, of which the
author is a columnist. It can also serve as a reference book for
professionals and a supplementary text for university students. It
has four parts covering economic problems, economic studies,
economic policy and social problems that are relevant for our
understanding of China today.
This book discusses important economic and social problems of
China. It is based on the author's latest findings from his
scholarly research on China's economy, his involvement with China's
economic reform and development, and his personal contacts with
Chinese academics, entrepreneurs, government officials and ordinary
citizens for over thirty years. The book is written in a style
accessible to the general reader, since most chapters are based on
articles published in three major Chinese newspapers, of which the
author is a columnist. It can also serve as a reference book for
professionals and a supplementary text for university students. It
has four parts covering economic problems, economic studies,
economic policy and social problems that are relevant for our
understanding of China today.
This book introduces the basic tools of dynamic optimization in
economics to study environmental problems, applies econometric
methods to estimate and test the models derived by dynamic
optimization, and discusses environmental problems in a broad
perspective, including the design and implementation of
environmental policies. Although the coverage is selective, it
represents what the author has to offer from his perspective and
experience gained in research in dynamic optimization, econometrics
and policy analysis, especially for China. The volume is
self-contained for readers with mathematical background of
first-year graduate students in the analytical fields of science
and engineering but only limited training in economics, while an
economics text presumes more knowledge of economics. Once the tools
are mastered, the reader can pursue his own research on the topic
if he is interested, or simply become a more mature citizen in the
global economy.
After the 1978 Economic Reform, China's economic development has
been on a fast track ever since. Later on, the successful accession
into the WTO in 2001 accelerated China's economic transformation
and made it more integrated with the world. Today, as the
second-largest economy in the world, China has earned herself a
leading role on the world stage beyond dispute. This book provides
readers with answers to why and how China functions as a leader in
the world economy.This book surveys China's economy in four parts -
economic institutions, economic problems, economic policies and
economic analyses. It is based on the author's latest findings from
his scholarly research on China's economy, his involvement with
China's economic reform and development, and his personal contacts
with Chinese academics, entrepreneurs, government officials and
ordinary citizens for over thirty years. The book is written in a
style accessible to the general readers, since most chapters are
based on articles published in three major Chinese newspapers, of
which the author is a columnist. It can also serve as a reference
book for professionals, an authoritative guide for general readers
and a supplementary text for university students. The author uses
it as a supplementary text for his course on the Chinese economy at
Princeton University.
After the 1978 Economic Reform, China's economic development has
been on a fast track ever since. Later on, the successful accession
into the WTO in 2001 accelerated China's economic transformation
and made it more integrated with the world. Today, as the
second-largest economy in the world, China has earned herself a
leading role on the world stage beyond dispute. This book provides
readers with answers to why and how China functions as a leader in
the world economy. This book surveys China's economy in four parts
- economic institutions, economic problems, economic policies and
economic analyses. It is based on the author's latest findings from
his scholarly research on China's economy, his involvement with
China's economic reform and development, and his personal contacts
with Chinese academics, entrepreneurs, government officials and
ordinary citizens for over thirty years. The book is written in a
style accessible to the general readers, since most chapters are
based on articles published in three major Chinese newspapers, of
which the author is a columnist. It can also serve as a reference
book for professionals, an authoritative guide for general readers
and a supplementary text for university students. The author uses
it as a supplementary text for his course on the Chinese economy at
Princeton University.
This book is unique in covering all important topics of the Chinese
economy in depth but written in a language understandable to the
layman and yet challenging to the expert. Beginning with
entrepreneurship that propels the dynamic economic changes in China
today, the book is organized into four broad parts to discuss
China's economic development, to analyze significant economic
issues, to recommend economic policies and to comment on the timely
economic issues in the American economy for comparison.Unlike a
textbook, the discussion is original and thought-provoking. It is
written by a most distinguished economist who has studied the
Chinese economy for thirty years, after making breathtaking
contributions to the fields of econometrics, applied economics and
dynamic economics and serving as a major adviser to the government
of Taiwan during its period of rapid development in the 1960s and
1970s. In the last thirty years, the author has served as a major
adviser to the government of China on economic reform and important
economic policies and cooperated with the Ministry of Education to
introduce and promote the development of modern economics in China,
including training hundreds of economists in China and placing many
graduate students to pursue a doctoral degrees in economics in
leading universities in the US and Canada. These graduates now
plays pivotal roles in China and in the US in academics, business
or government institutions. The essays, a culmination of the
author's expertise in China over five decades, are being widely
read in China. When the author became professor emeritus at
Princeton, the University named the Econometric Research Program as
the Gregory C Chow Econometric Research Program in his honor.
This book is unique in covering all important topics of the Chinese
economy in depth but written in a language understandable to the
layman and yet challenging to the expert. Beginning with
entrepreneurship that propels the dynamic economic changes in China
today, the book is organized into four broad parts to discuss
China's economic development, to analyze significant economic
issues, to recommend economic policies and to comment on the timely
economic issues in the American economy for comparison.Unlike a
textbook, the discussion is original and thought-provoking. It is
written by a most distinguished economist who has studied the
Chinese economy for thirty years, after making breathtaking
contributions to the fields of econometrics, applied economics and
dynamic economics and serving as a major adviser to the government
of Taiwan during its period of rapid development in the 1960s and
1970s. In the last thirty years, the author has served as a major
adviser to the government of China on economic reform and important
economic policies and cooperated with the Ministry of Education to
introduce and promote the development of modern economics in China,
including training hundreds of economists in China and placing many
graduate students to pursue a doctoral degrees in economics in
leading universities in the US and Canada. These graduates now
plays pivotal roles in China and in the US in academics, business
or government institutions. The essays, a culmination of the
author's expertise in China over five decades, are being widely
read in China. When the author became professor emeritus at
Princeton, the University named the Econometric Research Program as
the Gregory C Chow Econometric Research Program in his honor.
This work provides a unified and simple treatment of dynamic
economics using dynamic optimization as the main theme, and the
method of Lagrange multipliers to solve dynamic economic problems.
The author presents the optimization framework for dynamic
economics in order that readers can understand the approach and use
it as they see fit. Instead of using dynamic programming, the
author chooses instead to use the method of Lagrange multipliers in
the analysis of dynamic optimization because it is easier and more
efficient than dynamic programming, and allows readers to
understand the substance of dynamic economics better. The author
treats a number of topics in economics, including economic growth,
macroeconomics, microeconomics, finance and dynamic games. The book
also teaches by examples, using concepts to solve simple problems;
it then moves to general propositions.
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