Is the Chinese Economy a Miracle or a Bubble? - Lawrence Juen-yee Lau

Is the Chinese Economy a Miracle or a Bubble?

By: Lawrence Juen-yee Lau

Hardcover | 29 October 2024 | Edition Number 1

Sorry, we are not able to source the book you are looking for right now.

We did a search for other books with a similar title, however there were no matches. You can try selecting from a similar category, click on the author's name, or use the search box above to find your book.

Since China undertook economic reform and opened its economy to the world in late 1970s, its economic growth was historically unprecedented in terms of both speed and longevity. No other economy in recorded history has grown at as high a rate and for as long a period as China has done. The questions that naturally arise are: was the Chinese economy a miracle? Or was it a mere bubble? Will the Chinese economy begin to stagnate like the Japanese economy did in the 1990s, and perhaps decline? Will it be able to escape the "middle-income trap"? If it is not a miracle, can the Chinese development experience be replicated elsewhere?

This collected volume of Professor Lawrence J. Lau's papers provides a comprehensive and detailed discussion of the remarkable growth of the Chinese economy over the past decades, by scrutinizing the sources of economic growth, and evaluating the strategies adopted by the Chinese government to promote the transition from a centrally planned economy to a market-based economy by means of "dual-track" approach. It is argued that, while the Chinese economy is unique and exceptional in many ways, its development experience can be explained and attributed.

Industry Reviews
I found his reasoning fascinating and his arguments that other countries can replicate the Chinese experience to facilitate their own development sound and well-reasoned. This book will be read and discussed by scholars and practitioners interested in a better understanding of the road to economic development.--Myron Scholes, Stanford University

More in Economics

World Without End : The #1 International Bestseller - Jean-Marc Jancovici
A History of Central Banking and the Enslavement of Mankind - Stephen Mitford Goodson
Humankind : A Hopeful History - Rutger Bregman

RRP $24.99

$23.75

The Trading Game : A Confession - Gary Stevenson

RRP $36.99

$33.25

10%
OFF
Technofeudalism : What Killed Capitalism - Yanis Varoufakis

RRP $24.99

$23.75

The Changing World Order : Why Nations Succeed or Fail - Ray Dalio
Equality : What It Means and Why It Matters - Thomas Piketty