Ebook: The Chinese Economy: Recent Trends and Policy Issues
- Tags: Macroeconomics/Monetary Economics, Emerging Markets/Globalization, Microeconomics, Population Economics
- Year: 2013
- Publisher: Springer-Verlag Berlin Heidelberg
- Edition: 1
- Language: English
- pdf
This book takes readers on a unique journey across some of the most debated implications of the rise of the Chinese economy on the global scene. From the analysis, suggestions emerge on how to improve statistical tools to measure performance and to obtain more precise macroeconomic forecasts. Moreover, it confirms the suspicion that a governance model of firms that does not sufficiently encourage market competition may have significant costs in terms of efficiency for the Chinese production system. The analysis of demographic factors and of household savings gives further support to calls for a serious reform effort, particularly of the pension and health care systems, to utilize households’ savings more efficiently and equitably. Finally the analyses of Chinese and global trade underscore the need for a less superficial consideration of the implications of the Chinese presence in global markets.
This book takes readers on a unique journey across some of the most debated implications of the rise of the Chinese economy on the global scene. From the analysis, suggestions emerge on how to improve statistical tools to measure performance and to obtain more precise macroeconomic forecasts. Moreover, it confirms the suspicion that a governance model of firms that does not sufficiently encourage market competition may have significant costs in terms of efficiency for the Chinese production system. The analysis of demographic factors and of household savings gives further support to calls for a serious reform effort, particularly of the pension and health care systems, to utilize households’ savings more efficiently and equitably. Finally the analyses of Chinese and global trade underscore the need for a less superficial consideration of the implications of the Chinese presence in global markets.
This book takes readers on a unique journey across some of the most debated implications of the rise of the Chinese economy on the global scene. From the analysis, suggestions emerge on how to improve statistical tools to measure performance and to obtain more precise macroeconomic forecasts. Moreover, it confirms the suspicion that a governance model of firms that does not sufficiently encourage market competition may have significant costs in terms of efficiency for the Chinese production system. The analysis of demographic factors and of household savings gives further support to calls for a serious reform effort, particularly of the pension and health care systems, to utilize households’ savings more efficiently and equitably. Finally the analyses of Chinese and global trade underscore the need for a less superficial consideration of the implications of the Chinese presence in global markets.
Content:
Front Matter....Pages i-xii
Front Matter....Pages 7-7
Forecasting World Output: The Rising Importance of Emerging Asia....Pages 9-34
Macroeconomic Developments in China: The Statistical Challenges....Pages 35-53
Technical Efficiency and Governance: The Case of China....Pages 55-79
Front Matter....Pages 81-81
Demographic Trends and Sustainability of the Old-Age Security System in China....Pages 83-100
Urban and Rural Household Savings in China: Determinants and Policy Implications....Pages 101-135
Saving Rates of Urban Households in China....Pages 137-159
Front Matter....Pages 161-161
The “China Effect” on EU Exports to OECD Markets: A Focus on Italy....Pages 163-180
The Sophistication of China’s Exports, Imports and Intermediate Products....Pages 181-209
Environmental Goods Trade and Technology in China....Pages 211-233
Trends in Private Consumption in China: The Emergence of the Chinese High-Income Class and Its Global Relevance....Pages 235-253
Are Firms Exporting to China and India Different from Other Exporters?....Pages 255-282
Introduction....Pages 1-5