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E-grāmata: China: Surpassing the "e;Middle Income Trap"e;

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  • Formāts: PDF+DRM
  • Sērija : Contemporary China Studies
  • Izdošanas datums: 02-Oct-2020
  • Izdevniecība: Springer Verlag, Singapore
  • Valoda: eng
  • ISBN-13: 9789811565403
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China: Surpassing the &quote;Middle Income Trap&quote;Palielināt
  • Formāts: PDF+DRM
  • Sērija : Contemporary China Studies
  • Izdošanas datums: 02-Oct-2020
  • Izdevniecība: Springer Verlag, Singapore
  • Valoda: eng
  • ISBN-13: 9789811565403
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This open access book explores one of the most fiercely debated issues in China: if and how China will surpass the middle income trap that has plagued many developing countries for years. This book gives readers a clear picture of China today and acts as a reference for other developing countries.

China is facing many setbacks and experiencing an economic slowdown in recent years due to some serious issues, and income inequality is one such issue deferring Chinas development potential by creating a middle income trap. This book thoroughly investigates both the unpromising factors and favorable conditions for China to overcome the trap. It illustrates that traps may be encountered at any stage of development and argues that political stability is the prerequisite to creating a favorable environment for economic development and addressing this middle income trap.



Written by one of China's central planners, this book offers precious insights into the industrial policies that are transforming China and the world and will be of interest to China scholars, economists and political scientists.
1 What Is the "Middle Income Trap"?
1(32)
1.1 Proposition of the "Middle Income Trap"
1(2)
1.2 Definition of the "Middle Income Trap"
3(7)
1.2.1 Absolute Criteria
3(3)
1.2.2 Relative Criteria
6(4)
1.3 Overcoming the "Middle Income Trap": A Comparison of East Asia and Latin America
10(10)
1.3.1 A Comparative Analysis of Countries and Regions in Asia in Overcoming the "Middle Income Trap"
10(6)
1.3.2 Latin American Countries Ensnared by the "Middle Income Trap"
16(2)
1.3.3 A Comparison of the Two Groups of Countries
18(2)
1.4 Why Does the "Middle Income Trap" Emerge?
20(13)
2 How Did China Overcome the "Poverty Trap"?
33(38)
2.1 The Analytical Framework of Multidimensional Poverty
34(3)
2.2 Stagnant Development in China's Contemporary History Plunged the Country into Poverty
37(1)
2.3 Achievements in Development During China's Planned Economy Era
38(4)
2.4 Economic Development and Poverty Reduction
42(12)
2.4.1 Rural Economic Reform and Poverty Reduction
43(2)
2.4.2 SOE Reform and Development of Private Sector Economy
45(9)
2.5 Poverty Alleviation and Development Serve as a Powerful Tool for Overcoming the "Poverty Trap"
54(10)
2.5.1 Poverty Alleviation Policies During Different Development Stages
54(7)
2.5.2 Performance Evaluation of China's Poverty Alleviation Efforts
61(3)
2.6 The Global Effect of China's Poverty Alleviation Efforts
64(7)
3 Will China Fall into the "Middle Income Trap"?
71(62)
3.1 Development Challenges During the Middle-Income Stage
72(18)
3.1.1 The Challenge in the Transformation of the Economic Growth Model
73(2)
3.1.2 The Environmental Resource Challenge
75(3)
3.1.3 Challenge of an Aging Population
78(3)
3.1.4 The Income Gap Challenge
81(2)
3.1.5 The Social Stability Challenge
83(3)
3.1.6 Political Development and Political Stability
86(4)
3.2 Favorable Conditions for China to Overcome the "Middle Income Trap"
90(43)
3.2.1 Steady Transition of the Economic System and Maturing of Macroeconomic Management
90(5)
3.2.2 Continual Improvement in National Capacity for Strategic Planning
95(7)
3.2.3 Modernized Infrastructure Provides Essential Support for Economic Development
102(5)
3.2.4 China Already Fulfills the Essential Preconditions for Innovation-Driven Development
107(7)
3.2.5 China's Capacity for Green Development Continues to Grow
114(2)
3.2.6 China Actively Participates in Globalization and Global Governance
116(5)
3.2.7 The Superiority of the Socialist System Provides the Political Foundation for Overcoming the "Middle Income Trap"
121(9)
3.2.8 Summary
130(3)
4 How Can China Overcome the "Middle Income Trap"?
133(46)
4.1 Breaking Out of the Middle-Income Trap Through the "Five Major Development Concepts"
136(13)
4.1.1 Avoiding the Total Factor Productivity Trap Through Innovation-Driven Development
137(3)
4.1.2 Avoiding the Urbanization Trap Through Coordinated Development
140(4)
4.1.3 Avoiding the Ecological Environment Trap Through Green Development
144(1)
4.1.4 Avoiding the Dependency Trap Through Open Development
145(3)
4.1.5 Avoiding the Inequity Trap Through Shared Development
148(1)
4.2 Supply-Side Structural Reform Is the Key to Overcoming the "Middle Income Trap"
149(27)
4.2.1 The Three Major Rationale Behind Supply-Side Structural Reform
150(19)
4.2.2 Supply-Side Structural Reform Ushers in China's New Normal
169(2)
4.2.3 How to Promote Supply-Side Structural Reform: The Formula
171(5)
4.3 Supply-Side Structural Reform: China's Practical and Theoretical Innovation
176(3)
5 Looking Ahead: China Becoming a High-Income Economy
179(32)
5.1 Income Group Classification of China's Provincial Regions
180(6)
5.7.7 Absolute Income Method
180(3)
5.7.2 Relative Income Method
183(3)
5.2 A Region-by-Region Statistical Analysis of Overcoming the "Middle Income Trap" in China
186(6)
5.3 Forecast and Outlook for China's Overcoming of the "Middle Income Trap"
192(3)
5.4 Formation of the Chinese Path
195(7)
5.5 The Global Significance of China's Overcoming of the "Middle Income Trap"
202(9)
Epilogue 211
Shaojie Zhou received his Ph.D. degree in Economics from the Chinese University of Hong Kong in 2007. Currently, Zhou serves as the associate professor of School of Public Policy and Management, the deputy director of the Institute for International Development and Global Governance at the school and a research fellow at the Institute of Contemporary China Studies at Tsinghua University, China. His research interests include development research and policy, the Chinese economy, international development, and global governance. 

Angang Hu now serves as the Professor of the Institute of State and Global Governance, Dean of the Institute of Contemporary China Studies, at Tsinghua University, China. He was a member of the Advisory Committee for the Thirteenth, Twelfth and Eleventh Five-Year Plans under the National Development and Reform Commission.
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