Asian Development Bank
Slowdown in the People's Republic of China: Structural Factors and Implications for Asia
Key Metrics
- Justin Yifu Lin
- Asian Development Bank
- Paperback
- 9784899740773
- 8.9 X 6 X 1.1 inches
- 1.4 pounds
- Business & Economics > International - Economics & Trade
- English
Secure TransactionBook Description
The economy of the People's Republic of China (PRC) has surged almost 10% annually since economic reforms began in 1978, ensuring the PRC's position as an engine of global growth. But by 2016 growth slowed to less than 7%. Is it a structural or cyclical slowdown? If structural, the implications for growth, trade, and investment in other Asian economies will be significant.
This book (i) explains the long-term slowdown in advanced Asian economies and what it means for the PRC; (ii) assesses the structural factors shaping the PRC economy and how they will influence its growth over the next decade; (iii) shows how growth, trade, investment, and employment in emerging Asian economies could be impacted; and (iv) evaluates policies that could offset some of the negative factors.
Author Bio
Justin Yifu LIN is Dean of Institute of New Structural Economics, Dean of Institute of South-South Cooperation and Development and Professor and Honorary Dean of National School of Development at Peking University. He was the Senior Vice President and Chief Economist of the World Bank, 2008-2012.
Prior to this, Mr. Lin served for 15 years as Founding Director and Professor of the China Centre for Economic Research (CCER) at Peking University.
He is Councilor of the State Council and a member of the Standing Committee, Chinese People’s Political Consultation Conference. He is the author of more than 20 books including Beating the Odd: Jump-starting Developing Countries; Going Beyond Aid: Development Cooperation for Structural Transformation, the Quest for Prosperity: How Developing Economies Can Take Off, New Structural Economics: A Framework for Rethinking Development and Policy, Against the Consensus: Reflections on the Great Recession, and Demystifying the Chinese Economy.
He is a Corresponding Fellow of the British Academy and a Fellow of the Academy of Sciences for Developing World.
Source: Center for New Structural Economics at Peking University
Videos
No Videos
Community reviews
Write a ReviewNo Community reviews