1st Edition

China's Economic Development Implications for the World

By Cai Fang Copyright 2023
432 Pages 47 B/W Illustrations
by Routledge

432 Pages 47 B/W Illustrations
by Routledge

432 Pages 47 B/W Illustrations
by Routledge

Cai Fang is one of China’s most distinguished economists. This book elucidates the worldwide significance of China’s economic development over the past 70 years from the perspectives of economic history and growth theory. The Chinese economy has undergone an unprecedented period of growth and development since the reform and opening-up in the late 1970s; a process which the hallmarks of... Read more

Part 1 Perspectives of Economic History and Growth Theory  1. Contributions Made by One Fifth of the World's Population  2. The Development Track of Chinese Economic History  3. Re-understanding the Needham Puzzle from the Growth Perspective  4. Dual Economy as a General Development Stage  Part 2 Narrative of Reform, Opening-up, Development and Sharing  5. What can be learned from China’s experiences?  6. Background, Logic and Contributions of Rural Reform  7. Urbanization in the Development of Reform and Opening up  8. Resource Reallocation Effect of Reform  9. China’s Concept and Practice of Poverty Alleviation and Its Global Contribution  10. Understanding the Deceleration of China’s Economic Growth  Part 3 The New Scientific and Technological Revolution and High-level Globalization  11. Globalization, Convergence and China’s Economic Development  12. Political Economics in Globalization and China’s Strategy  13. Supply of Global Public Goods and China’s Solutions  14. New Technological Revolution and Reflections on Economics

Biography

Cai Fang is Academician of Chinese Academy of Social Sciences and Member of Monetary Committee of the People’s Bank of China. His main research areas include labor economics, population economics, economic growth, income distribution, China's economic reform, etc. His recent publications include China’s New Normal, Supply-side, and Structural Reform, Economics of the Pandemic: Weathering the Storm and Restoring Growth (editor), Demographic Perspective of China’s Economic Development, Perceiving Truth and Ceasing Doubts: What Can We Learn from 40 Years of China’s Reform and Opening-Up?, Routledge Handbook of the Belt and Road (editor-in-chief), among others.