Financial Systems at the Crossroads: Lessons for China is written by leading financial experts to study the causes of financial disasters internationally. The research team is drawn from the global research networks of three leading universities: the Antai College of Economics and Management at Shanghai Jiao Tong University, the School of Economics at Fudan University, and the Earth Institute at Columbia University.This review volume identifies the regulatory framework to guide the emergence of efficient financial institutions that are prudent; and to specify the required institutional mechanisms to prevent and resolve systemic collapse. It examines the specific circumstances of China to come up with a comprehensive agenda to reform China's financial sector. It provides in-depth analysis of China's financial industry to show its future evolution and offers lessons for developing a financial system that is efficient, innovative and resilient.

Financial Systems at the Crossroads: Lessons for China is written by leading financial experts to study the causes of financial disasters internationally. The research team is drawn from the global research networks of three leading universities: the Antai College of Economics and Management at Shanghai Jiao Tong University, the School of Economics at Fudan University, and the Earth Institute at Columbia University.This review volume identifies the regulatory framework to guide the emergence of efficient financial institutions that are prudent; and to specify the required institutional mechanisms to prevent and resolve systemic collapse. It examines the specific circumstances of China to come up with a comprehensive agenda to reform China's financial sector. It provides in-depth analysis of China's financial industry to show its future evolution and offers lessons for developing a financial system that is efficient, innovative and resilient.

This volume is a report by leading international economic experts on China's economic priorities in the coming years. From various aspects of the domestic and foreign situation, China has now reached a critical juncture in its economic development. Unless China is able to overcome the difficulties in undertaking further reforms in the next ten years, China would be caught in the middle-income trap and be unable to become a modern country. The future course of China's economic development is also of great concern to the rest of the world because the socio-political-economic conditions in China will have significant impact on global economic prosperity and on global political harmony.The book is a product of close collaboration between the School of Economics at Fudan University and the Earth Institute at Columbia University. They cover a new paradigm for growth, short-term demand management, institutional reforms for middle-term growth, and strengthening the fundamentals for long-term growth.

This volume is a report by leading international economic experts on China's economic priorities in the coming years. From various aspects of the domestic and foreign situation, China has now reached a critical juncture in its economic development. Unless China is able to overcome the difficulties in undertaking further reforms in the next ten years, China would be caught in the middle-income trap and be unable to become a modern country. The future course of China's economic development is also of great concern to the rest of the world because the socio-political-economic conditions in China will have significant impact on global economic prosperity and on global political harmony.The book is a product of close collaboration between the School of Economics at Fudan University and the Earth Institute at Columbia University. They cover a new paradigm for growth, short-term demand management, institutional reforms for middle-term growth, and strengthening the fundamentals for long-term growth.

Since the start of the 21st century China has risen to the status of an important world power. This book examines Chinese power, focusing in particular, although not exclusively, on its economic capabilities, and considering how this is likely to develop in the future. It provides a detailed assessment of the key facets of Chinese power today, including GDP, growth, multinationals, and technological and scientific innovation. It identifies the key trends in these areas, compares China's experience with other important global powers such as the US, and considers how this is viewed by the Chinese themselves, including through the lens of their popular culture and mass media. It goes on to identify the foremost problems facing China and the Chinese state today, including fiscal management and public finance, poverty, inequality and rural development, and considers whether China is capable of overcoming these challenges and continuing its remarkable economic development. It addresses crucial questions such as the impact of globalization on Chinese power, and whether Communist Party rule is sustainable for the foreseeable future.

Since the start of the 21st century China has risen to the status of an important world power. This book examines Chinese power, focusing in particular, although not exclusively, on its economic capabilities, and considering how this is likely to develop in the future. It provides a detailed assessment of the key facets of Chinese power today, including GDP, growth, multinationals, and technological and scientific innovation. It identifies the key trends in these areas, compares China's experience with other important global powers such as the US, and considers how this is viewed by the Chinese themselves, including through the lens of their popular culture and mass media. It goes on to identify the foremost problems facing China and the Chinese state today, including fiscal management and public finance, poverty, inequality and rural development, and considers whether China is capable of overcoming these challenges and continuing its remarkable economic development. It addresses crucial questions such as the impact of globalization on Chinese power, and whether Communist Party rule is sustainable for the foreseeable future.

This unique volume aims to provide a first comprehensive assessment on attributes, conditions and characters which constitute a liveable city. The book posits that the degree of liveability depends on five themes: satisfaction with the freedom from want; satisfaction with the state of the natural environment and its management; satisfaction with freedom from fear; satisfaction with the socio-cultural conditions; and satisfaction with public governance.The authors attempt to be more constructive through performing policy simulations by first identifying relative weaknesses and strengths of 64 global cities across major continents including European, Asian, Middle Eastern, North and South American cities. The book also ranks and simulates 36 Asian cities separately, of which many are emerging third-world cities that are in need of policy guidance.

The economic growth of China is clearly one of the defining trends of our time. The world's most populous nation is undergoing a vast transformation that will redefine the global economy. Chinese industrial production has increased tremendously in recent years, and its consumption of resources has necessarily gone way up as well. These developments will have important impacts on economics, business, politics, and environmental conditions throughout the world. In C "hina's Dilemma: Economic Growth, the Environment, and Climate Change, " an international group of authorities examines the present status and likely future of China's economic rise and its impact on the environment, with particular focus on the all-important topic of global climate change. The first section addresses directly China's recent growth. Specific topics addressed here include the effects on China of the global credit crunch, determinants of growth, and their prospects for the future. Part II addresses China's environmental and climate concerns, including the impact on human health, their role in domestic politics, the health effects of environmental damage, and China's post- Kyoto climate strategy. Part III looks at the impact, and likely trajectory, of energy consumption in China. Contents Part I. Economic Growth: Determinants and Prospects Includes introduction Part II. Impact of Environment Degradation and Climate Change Part III. Energy Use, the Environment, and Future Trends

This handbook deals with various financial instruments, policies, and strategies in a policy-oriented approach for financing green energy projects. Recently, global investment in renewables and energy efficiency has declined, and there is a risk that it will slow further, Clearly, fossil fuels still dominate energy investments. This trend could threaten the expansion of green energy needed to meet energy security, climate, and clean-air goals. Several developed and developing economies are still following pro-coal energy policies. The extra CO2 generated from new coal-fired power plants could more than eliminate any reductions in emissions made by other nations. Finance is the engine of development of infrastructural projects, including energy projects. By providing several thematic and country chapters, this handbook explains that if we plan to achieve sustainable development goals, we need to create opportunities for new green projects and scale up the financing of investments that furnish environmental benefits. New financial instruments and policies such as green bonds, green banks, carbon market instruments, fiscal policy, green central banking, fintech, and community-based green funds are among the chief components that make up green finance. Naoyuki Yoshino is Dean, Asian Development Bank Institute and Professor Emeritus, Keio University. Jeffery Sachs is Director, Center for Sustainable Development at Columbia University. Wing Thye Woo is Professor of Economics, U.C. Davis. Farhad Taghizadeh-Hesary is Assistant Professor, Waseda University.