How China Grows: Investment, Finance, and Reform
Riedel, James; Jin, Jing; Gao, Jian
Language: English
Published by Princeton University Press (edition Illustrated), 2007
- Hardcover
- Used
Seller: BooksRun, Philadelphia, PA, U.S.A.BooksRun
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With dust jacket. It's a well-cared-for item that has seen limited use. The item may show minor signs of wear. All the text is legible, with all pages included. It may have slight markings and/or highlighting.
Seller Inventory # 0691125627-11-1-29
- Title
- How China Grows: Investment, Finance, and Reform
- Author
- Riedel, James; Jin, Jing; Gao, Jian
- Publisher
- Princeton University Press (edition Illustrated)
- Publication year
- 2007
- Condition
- Very Good
- Dust jacket
- Dust Jacket Included
- Binding
- Hardcover
- Language
- English
- ISBN 10
- 0691125627
- ISBN 13
- 9780691125626
- Edition
- Illustrated.
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.
"Synopsis" may belong to another edition of this title.
About the Author
"About the title" may belong to another edition of this title.
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