Economic growth in China has been exceptionally strong in recent decades, but the country still faces enormous economic problems, including huge poverty, uneven regional development, the problems associated with strengthening capital formation, modernising and making more productive the very large former state sector. This book presents the work of

This book argues that the current state of China requires an important paradigm shift in the way the party-state manages the country's development, and goes on to assess the fitness of the party-state for implementing such a paradigm shift and the likelihood of the party-state bringing this about. It brings together an examination of the very latest situation in a range of key areas where current developments have the potential to undermine substantially the status quo, areas such as the recent economic crisis and the resulting economic slowdown, increasing labour unrest, mounting calls for social justice, worsening urban-rural disparity, the urgent need to implement social welfare programmes, the rise of civil society, and the impact of new media. Overall, the book provides a thorough appraisal of the difficulties which China currently faces.

Since economic reforms began in 1978, China has been a focal point for observing the effects of market liberalisation. China has not only truly become one of the ‘emerging giants’ in the world economy but also provided a successful example for transition from a centrally-planned to a market economy. Thus, there is a keen interest about what lies ahead for such a significant economic player. Dilemmas of China’s Growth in the Twenty-First Century is a comprehensive treatment of China’s economic achievements to date and prospects for the twenty-first century. Covering topics as diverse as economic stability and growth sustainability, WTO membership and its implications, income disparity, agricultural policy, trade and investment prospects, Dilemmas of China’s Growth in the Twenty-First Century is a powerful work and essential guide to the latest trends and prospects for the Chinese economy. This work, originally published by Asia Pacific Press, is reproduced here in the interests of maintaining open access to high-quality academic works no longer in print.

The global financial crisis and ensuing economic downturn has raised many questions concerning the future of global economic growth. Prior to the financial crisis, global growth was characterized by growing imbalances, reflected primarily in large trade surpluses in China, Japan, Germany, and the oil exporting countries and rapidly growing deficits, primarily in the United States. The global crisis raises the question of whether the previous growth model of low consumption, high saving countries such as China is obsolete. Although a strong and rapid policy response beginning in the early fall of 2008 made China the first globally significant economy to come off the bottom and begin to grow more rapidly, critics charged that China's recovery was based on the old growth model, relying primarily on burgeoning investment in the short run and the expectation of a revival of expanding net exports once global recovery gained traction. Critics, however, argued that as government-financed investment inevitably tapered off, the likelihood was that global recovery would not be sufficiently strong for China's exports to resume their former role as a major contributor to China's economic expansion. The prospect, in the eyes of these critics, is that China's growth will inevitably falter. This study examines China's response to the global crisis, the prospects for altering the model of economic growth that dominated the first decade of this century, and the implications for the United States and the global economy of successful Chinese rebalancing. On the first it analyzes the strengths and weaknesses of China's stimulus program. On the second it analyzes the nature of origins of the imbalances in China's economy and the array of policy options that the government has to transition to more consumption-driven growth. On the third successful rebalancing would mean that more rapid growth of consumption would offset the drag on growth from a shrinkage of China's external surplus. Successful rebalancing would mean China would no longer be a source of financing for any ongoing US external deficit. From a global perspective China would no longer be a source of the global economic imbalances that contributed to the recent global financial crisis and great recession.

Will China's recent economic growth continue at the same rate? For how long? What obstacles lie in the way of sustained growth? Who gains and why? Gregory Chow covers these and many other issues. Provides a penetrating and comprehensive analysis of the historical, institutional and theoretical factors that have contributed to China's economic success Reveals new findings concerning the roles of market institutions, Chinese human capital, private ownership, forms of government, political conditions, and bureaucratic economic institutions The new edition covers a diverse set of important issues: environmental restraints; income distribution; rural poverty; the education system; healthcare; exchange rate policies; monetary policies; and financial regulation.

The relationship between the United States and China will be of critical importance to the world throughout the twenty-first century. In the West China’s rise is often portrayed as a threat and China seen in negative terms. This book explores the dynamics of this crucial relationship. It looks in particular at what causes an international relationship to be perceived negatively, and considers what can be done to reverse this, arguing that trust is a key factor. It goes on to discuss US and Chinese rhetoric and behaviour in three key areas – climate change, finance, and international security. The book contends that, contrary to much US rhetoric, China’s actions in these areas is often much more flexible and accommodating than the US position, and that the Chinese are much more knowledgeable about, and understanding and appreciative of, the United States than vice versa.

Sustainable Human Development in the Twenty-First Century is a component of Encyclopedia of Human Resources Policy, Development and Management in the global Encyclopedia of Life Support Systems (EOLSS), which is an integrated compendium of twenty Encyclopedias. The volume of Human Development examines the state and nature of human development and identifies factors that determine its promotion for the twenty-first century. A general goal, since the ultimate goal for human development is to enhance the quality of human life. However, the concept “quality of human life” is not well defined. It is determined by a set of interrelated factors that cut across many disciplines with varied perspectives and paradigms. These include the prevailing culture, health status, economic performance, technological development, political and social conditions, the building of human capacity and capabilities, and institutional development on the local and global levels. For example, in an environment characterized by a better quality of human life, it is expected that people will be able to lead long and productive lives. They are also expected to enjoy good health, have access to knowledge and educational opportunities, and be treated by all with respect, in a socially equitable and dignified manner. In the sphere of political economy, they are expected to have the opportunity to participate in governance decisions that affect their lives and the community in which they live; and to have the potential to earn sufficient income to supply themselves with adequate nutrition, shelter, and other material and aesthetic needs. Furthermore, people are expected to maintain a sustainable environment and equitable social contracts across space and generations, especially in the context of the evolving global governance. The volume of “Sustainable Human Development in the Twenty-First Century” is divided into five topics which are then expanded into multiple subtopics, each as a chapter presented in two volumes. The first is “Major issues in Human Development” and provides an over view of the Topic with emphasis on the sociological foundation of human development. The second Topic, “Diversity and Historical Processes” reviews the historical and technological processes which have led to the present state of human diversity and differentiation. The third Topic, “Causes of Global Change” focuses on whether it is possible in the present global environment to enlarge people's capabilities so that economic progress may be translated into a multidimensional human happiness. The fourth Topic, “Consequences of Global Change” examines global change not in the narrow sense of short-term economic change, but rather as historical waves of long-term development. The fifth Topic on Planning Strategies reviews current practice and projects challenges in the next century. These two volumes are aimed at the following five major target audiences: University and College Students, Educators, Professional Practitioners, Research Personnel and Policy Analysts, Managers, and Decision Makers and NGOs.

In this book, author Jinghao Zhou uses for the first time the prism of public philosophy to examine Chinese society, modernization, globalization, and democratization as a whole. Challenging conventional thinking in China studies, he examines China systematically in seven aspects: history, ideology, economy, politics, religion, education, and China's future, and does so from both Eastern and Western perspectives. The volume asserts that the remaking of China's public philosophy is they key for the nation to achieve both economic and political prosperity, making the bold argument that this remaking can contribute profoundly not only to China's development, but to international peace and development as well. In Remaking China's Public Philosophy for the Twenty-First Century, author Jinghao Zhou uses for the first time the prism of public philosophy to examine Chinese society, modernization, globalization, and democratization as a whole. Challenging conventional thinking in China studies, he examines China systematically in seven aspects: history, ideology, economy, politics, religion, education, and China's future, and does so from both Eastern and Western perspectives. The volume asserts that the remaking of China's public philosophy—the very principles and precepts it now takes for granted—is they key for the nation to achieve both economic and political prosperity. Zhou aims for a peaceful revolution of China's democratization while he explores a new paradigm in China studies, making the bold argument that this remaking can contribute profoundly not only to China's development, but to international peace and development as well.

The economic power of Brazil, Russia, India and China (BRICs) is rapidly increasing, changing the landscape of global economics and politics. Top scholars of international business address in this vital volume the markets, strategy implications, challenges and possibilities of this new economic reality. As these four nations acquire greater economic clout, the opportunities for other countries increase. The contributors describe the favorable circumstances these evolving economies could provide for the US and other countries, such as expanded markets and services, higher returns on investments, and new partners in building a more peaceful and prosperous world. In contrast, they also discuss risks to traditional industries and possible challenges to positions on human rights and intellectual property protections, environmental standards, free markets and democratic governments. The volume emphasizes the need for companies to adopt strategies to stay ahead in the changing business environment. Governments must also design and implement new policies geared toward mutually beneficial relationships with BRICs. This enlightening study will be of great interest to students and scholars of international business. Executives of large companies will find it of great practical use when planning their organization s future strategies.