| 书目名称 | Economic Lessons from China’s Forty Years of Reform and Opening-up | | 编辑 | David Daokui Li | | 视频video | | | 概述 | Provides the main reasons for China‘s economic success since the reform and opening up.Illustrates the importance of relationship between the government and the economy in China’s economy.Interprets t | | 图书封面 |  | | 描述 | This book first shows that the past 40 years of China‘s economic reform and opening up represents the greatest magnitude of economic growth in history. Based on field trips, extensive and intensive interviews and literature surveys, this book argues that there are five general lessons for a rapid growing economy from China‘s economic reform and opening up, all in the area of the relationship between the government and the economy. First, the local governments need to be incentivized to help rapid entry and development of enterprises. Second, local governments need to be incentivized to help rapid land conversion from agricultural to non-agricultural. Third, financial deepening is vital; that is, inducing households to hold more and more financial assets in local currency. Financial deepening is essential to convert savings into investments. This requires financial stability, which is crucial. Fourth, the learning through opening up is the key to endogenous economic growth. The fundamental benefit of opening up is learning rather than enjoying comparative advantage. The fifth and final lesson from China is that the central government must proactively manage the macroeconomy. The rat | | 出版日期 | Book 2021 | | 关键词 | Government and Economics; Reform and Opening-up; China; Land Coversion; Financial Deepening; Financial De | | 版次 | 1 | | doi | https://doi.org/10.1007/978-981-33-4520-1 | | isbn_softcover | 978-981-33-4522-5 | | isbn_ebook | 978-981-33-4520-1 | | copyright | Tsinghua University Press 2021 |
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发表于 2025-3-21 19:32:33
