Amazon cover image
Image from Amazon.com

China's economy : what everyone needs to know / Arthur R. Kroeber.

By: Material type: TextTextSeries: What everyone needs to knowPublisher: New York, NY : Oxford University Press, [2020]Edition: [Second edition]Description: xvi, 434 pages : illustrations ; 22 cmContent type:
  • text
Media type:
  • unmediated
Carrier type:
  • volume
ISBN:
  • 9780190946463
Subject(s): Additional physical formats: Online version:: China's economy.DDC classification:
  • 330.951 23
LOC classification:
  • HC427.95 .K76 2020
Contents:
Why China matters -- History, geography, and population -- Overview: China's political economy -- Agriculture, land, and the rural economy -- Industry and the rise of the export economy -- Urbanization and infrastructure -- The enterprise system -- The fiscal system and central-local government relations -- The financial system -- Energy and the environment -- Demographics and the labor market -- The emerging consumer economy -- The social compact: inequality and corruption -- Changing the growth model -- Conclusion: China and the world.
Summary: "This book is an effort to explain how China's economy got to where it is today, where it might be headed in the coming years, and what China's rise means for the rest of the world. It is intended to be useful to the general reader, who has an intelligent interest in China and its global impact but not necessarily a specialized background in either China or economics. Since the first edition was published in 2016 China's relevance to the world has increased dramatically, thanks to the more assertive foreign policy of president Xi Jinping and the move by the United States under the Trump Administration to treat China as a geopolitical rival. Because of its sheer size, the growing tensions with the United States, and the gulf in basic values between China and the international system it increasingly seeks to influence, understanding modern China's origins and trajectory is more important than ever. An economy is a complicated organism, which does not easily lend itself to description by narrative, as one might tell the story of a person's life. It is more like a jigsaw puzzle-to be precise, a three-dimensional jigsaw puzzle, in which the shapes of the pieces keep changing. Rather than a fixed structure like a molecule, a skyscraper, or a mathematical equation, an economy is a set of fairly solid institutions and fairly fluid arrangements created by people to enable them to get the goods and services that they want. The nature of these institutions and arrangements is largely determined by the political bargains made among the important groups in a society. As the composition, relative power, and interests of these groups change over time, so do the economic arrangements. In other words, considerations of political practicality usually trump those of economic efficiency. For economic policymakers, this means that they must make do with second- or third-best versions of their ideal recipes. For analysts, it means that describing an economy is more of a historical art than a natural science. To the extent it is a science, it is more physiology than physics"-- Provided by publisher.
Tags from this library: No tags from this library for this title. Log in to add tags.
Star ratings
    Average rating: 0.0 (0 votes)
Holdings
Item type Current library Call number Status Date due Barcode
Book Book Indian Institute of Management Visakhapatnam 330.951 (Browse shelf(Opens below)) Available 001996

Includes bibliographical references and index.

Why China matters -- History, geography, and population -- Overview: China's political economy -- Agriculture, land, and the rural economy -- Industry and the rise of the export economy -- Urbanization and infrastructure -- The enterprise system -- The fiscal system and central-local government relations -- The financial system -- Energy and the environment -- Demographics and the labor market -- The emerging consumer economy -- The social compact: inequality and corruption -- Changing the growth model -- Conclusion: China and the world.

"This book is an effort to explain how China's economy got to where it is today, where it might be headed in the coming years, and what China's rise means for the rest of the world. It is intended to be useful to the general reader, who has an intelligent interest in China and its global impact but not necessarily a specialized background in either China or economics. Since the first edition was published in 2016 China's relevance to the world has increased dramatically, thanks to the more assertive foreign policy of president Xi Jinping and the move by the United States under the Trump Administration to treat China as a geopolitical rival. Because of its sheer size, the growing tensions with the United States, and the gulf in basic values between China and the international system it increasingly seeks to influence, understanding modern China's origins and trajectory is more important than ever. An economy is a complicated organism, which does not easily lend itself to description by narrative, as one might tell the story of a person's life. It is more like a jigsaw puzzle-to be precise, a three-dimensional jigsaw puzzle, in which the shapes of the pieces keep changing. Rather than a fixed structure like a molecule, a skyscraper, or a mathematical equation, an economy is a set of fairly solid institutions and fairly fluid arrangements created by people to enable them to get the goods and services that they want. The nature of these institutions and arrangements is largely determined by the political bargains made among the important groups in a society. As the composition, relative power, and interests of these groups change over time, so do the economic arrangements. In other words, considerations of political practicality usually trump those of economic efficiency. For economic policymakers, this means that they must make do with second- or third-best versions of their ideal recipes. For analysts, it means that describing an economy is more of a historical art than a natural science. To the extent it is a science, it is more physiology than physics"-- Provided by publisher.

There are no comments on this title.

to post a comment.

Copyright © 2024 Indian Institute of Management Visakhapatnam
Koha v23.05