Get China's Economic Dynamics: A Beijing Consensus in the PDF

By Jun Li, Liming Wang

ISBN-10: 0415633443

ISBN-13: 9780415633444

Although chinese language fiscal development keeps robust, and even though China coped rather well with the new international trouble, the chinese language economic climate faces many demanding situations, together with the way to maintain development, the right way to rebalance the economic system in the direction of extra household intake, easy methods to accommodate emerging wages, starting to be social and local inequality, and the way to reform monetary and financial rules. This booklet examines the main demanding situations at the moment dealing with the chinese language economic system. It considers Chinas’ expanding worldwide impression, discusses the institutional drivers of China’s fiscal development, assesses severely China’s want for structural reform, and explores concerns relating to sustainability and human rights.

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Extra info for China's Economic Dynamics: A Beijing Consensus in the making?

Sample text

By the same token, downward mobility was also common, with families having to struggle to avoid losing out to competitors and falling into poverty. This open but competitive environment, when combined with high emphasis on schooling and centuries of familiarity with money, commercial contracts, and other economic transactions, produced a widespread sharing of “economic literacy” and strong drives to get ahead even among uneducated villagers. As Rawski (2007: 103) speculates, Take two populations of children with similar distributions of intelligence and access to schooling.

Ample or scarce opportunities to get ahead? The final domain of survey responses to be considered here concerns feelings of optimism versus pessimism about the opportunities currently available to improve one’s living standard and social status. We have a variety of measures available in our 2004 China survey that have a bearing on this issue. First, we asked survey respondents whether they thought that the proportion of Chinese who are poor would increase, remain about the same, or decrease in the coming five years, and we followed this up with the same question about the proportion of Chinese who are rich.

S. 1991 Source: 2004 China Survey and selected International Social Justice Project surveys (see Whyte 2010b, Chapter 4 for details). 1 Views on extent of inequality (large + too large, %) 75 G. 4 W. Germ. 9 Does upward mobility depend upon merit? Since a sense of the fairness versus unfairness of current inequalities is not so much a matter of the size of the gaps, but more of who is rich and who is poor, and whether people got to their current positions due to merit or not, we followed ISJP in asking a series of questions regarding how survey respondents would explain why some people are poor and why some others are rich.

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China's Economic Dynamics: A Beijing Consensus in the making? by Jun Li, Liming Wang

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