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Author: Wing Thye Woo
Publisher: World Scientific
ISBN: 981456690X
Category : Business & Economics
Languages : en
Pages : 402
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Book Description
Financial Systems at the Crossroads: Lessons for China is written by leading financial experts to study the causes of financial disasters internationally. The research team is drawn from the global research networks of three leading universities: the Antai College of Economics and Management at Shanghai Jiao Tong University, the School of Economics at Fudan University, and the Earth Institute at Columbia University.This review volume identifies the regulatory framework to guide the emergence of efficient financial institutions that are prudent; and to specify the required institutional mechanisms to prevent and resolve systemic collapse. It examines the specific circumstances of China to come up with a comprehensive agenda to reform China's financial sector. It provides in-depth analysis of China's financial industry to show its future evolution and offers lessons for developing a financial system that is efficient, innovative and resilient.
Author: Wing Thye Woo
Publisher: World Scientific
ISBN: 981456690X
Category : Business & Economics
Languages : en
Pages : 402
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Book Description
Financial Systems at the Crossroads: Lessons for China is written by leading financial experts to study the causes of financial disasters internationally. The research team is drawn from the global research networks of three leading universities: the Antai College of Economics and Management at Shanghai Jiao Tong University, the School of Economics at Fudan University, and the Earth Institute at Columbia University.This review volume identifies the regulatory framework to guide the emergence of efficient financial institutions that are prudent; and to specify the required institutional mechanisms to prevent and resolve systemic collapse. It examines the specific circumstances of China to come up with a comprehensive agenda to reform China's financial sector. It provides in-depth analysis of China's financial industry to show its future evolution and offers lessons for developing a financial system that is efficient, innovative and resilient.
Author: Ligang Song
Publisher: ANU E Press
ISBN: 1925021777
Category : Business & Economics
Languages : en
Pages : 596
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Book Description
The Chinese economy has entered a new phase of development in which sources of growth are not so much dependent upon pure increases in labour, investment and credit expansion, but from productivity improvement, structural changes, technological progress and the benefits from improvement of the social security and welfare improvement. When market functions are fully established to become a main channel for allocating resources, the entrepreneurship will flourish engaging in more innovative activities, workers will move more freely and have more incentives to improve their skills, firms will become more productive through market entry and exit, the economic structure will become more balanced because of the improved resource allocation, and in the end, growth will become more spontaneous and sustainable. In this sense, reforms could deliver ‘dividend’ by raising China’s potential economic growth rates. For China to confront all the challenges it faces at present, the reforms undertaken now have to be deep, comprehensive and far-reaching in order to succeed in paving the way for China to complete the task of transformation in the long-term. There is no better alternative than deepening the market-oriented reform in advancing the course of China’s modernisation for future development and prosperity and lifting China to the status of a developed economy in the next two decades. The recent China update books have covered the topic of reform from different angles and this new book is another attempt to address this important issue.
Author: Junhui Qian
Publisher: Cambridge University Press
ISBN: 1009239538
Category : Business & Economics
Languages : en
Pages : 310
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Book Description
This is a truly intermediate-level macroeconomics textbook since it uses calculus while most of the existing textbooks avoid it. This book is especially helpful for undergraduate students who want to gain some exposure to the Chinese economy while learning macroeconomics.
Author: Charles W. Calomiris
Publisher: Columbia University Press
ISBN: 0231141920
Category : Business & Economics
Languages : en
Pages : 433
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Book Description
China's increasing role in global economic affairs has placed the country at a crossroads: how many and what types of international capital-market transactions will China permit? How will China's financial system change internally? What kind of relationships will the Chinese government develop with foreign financial institutions, especially with those based in the United States? Can China broker a sustainable partnership with America that will avoid sending economic shock waves throughout the world? Drawing on the contemporary research of prominent international scholars, the experts in this volume outline the trajectory of China's financial markets since the advent of reform and anticipate their uncertain future. Chapter authors and commentators include Geert Bekaert, Loren Brandt, Lee Branstetter, Mary Wadsworth Darby, Michael DeStefano, Barry Eichengreen, Campbell Harvey, Fred Hu, Xiaobo Lu, Christian Lundblad, Ailsa Roell, Daniel Rosen, Shang-Jin Wei, Jialin Yu, and Xiaodong Zhu. The book begins with an overview of the history of financial-sector development, regulation, and performance and then focuses on the banking sector, discussing the progress, challenges, and prospects of current sector reform. Subsequent chapters describe the role of foreign capital in China's development and analyze the changes in capital flows and controls over time; explore various explanations for China's composition of foreign-capital and foreign-exchange policies, particularly the factors shaping China's reliance on foreign direct investment; and provide an international, comparative perspective on the remarkable growth experience of China and the contribution of its institutional environment to that experience. Contributors dispute the belief that stock market listing has done little to reform state-owned enterprises and take a hard look at the exchange rate regime choice for China, considering the potential long-run desirability of flexibility and the appropriate sequencing of reforms in foreign-exchange policy, domestic banking reform, and capital-market openness. The book concludes with a roundtable discussion in which prominent economists, including Peter Garber, Robert Hodrick, John Makin, David Malpass, Frederic Mishkin, and Eswar Prasad, debate the pace of the appreciation of China's currency and the likely consequences of that policy within and outside of China.
Author: Peter Nolan
Publisher: John Wiley & Sons
ISBN: 0745657613
Category : Political Science
Languages : en
Pages : 304
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Book Description
This concise and timely book, written by one of the world's leading authorities on China, argues that the country is at a crossroads in its development and explores the challenges that lie ahead. A concise and timely book about China and its future, which argues that the country it at a crossroads in its development. Written by one of the world’s leading authorities on China. Explores the challenges facing China's leadership in the 21st Century, including poverty and inequality, the global business revolution, the environment, the capability and role of the state, international relations, the communist party, and the economy. Puts forward a concrete view about the course China should follow in the coming decades.
Author: Vicente Navarro
Publisher: Routledge
ISBN: 1351851586
Category : Psychology
Languages : en
Pages : 451
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Book Description
This volume provides a timely collection of the most germane studies and commentaries on the complex links between recent changes in national economies, welfare regimes, social inequalities, and population health. Drs. Vicente Navarro and Carles Muntaner have selected 24 representative articles, organized around six themes, from the widely read pages of the International Journal of Health Services (2006-2013) - articles that not only challenge conventional approaches to population health but offer new insights and robust results that critically advance public health scholarship. Part I applies a social-conflict perspective to better understand how political forces, processes, and institutions precede and give rise to social inequalities, economic instability, and population health. The need to politicize dominant (neoliberal) ideologies is emphasized, given its explanatory power to elucidate unequal power relations. The next four parts focus on the health impacts of growing inequalities and economic decline on government services and transfers (Part II); labor markets and employment conditions (Part III); welfare states and regimes (Part IV); and social class relations (Part V). Part VI advocates for a more politically engaged approach to population health and presents alternative solutions to achieving egalitarian outcomes, which, in turn, improve health and reduce health inequalities. Taken together, the works in this volume reflect IJHS 's collective commitment to publishing high-impact studies, inspiring fruitful debates, and advancing the discipline in new and essential ways. Emerging and established researchers as well as students and professionals committed to health equity matters will benefit from this book's astute contributions.
Author: Yuepeng Zhao
Publisher: Routledge
ISBN: 1136929916
Category : Business & Economics
Languages : en
Pages : 230
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Book Description
This book examines the credit needs and the borrowing behaviour of rural households in China in recent years. It is based on in-depth analysis of the status of households’ indebtedness and borrowing behaviour; the performance of Rural Credit Cooperatives (RCCs), as well as resources of informal finance. Before 2006, RCCs are virtually the only source of formal credit for rural households in China and were subject to a series of reforms from 1996 to 2003. The reforms aimed to transform RCCs into market-oriented institutions and, more importantly, help them meet the increasing demands of farmers for varied financial services, and thereby contribute effectively to economic transformation in rural China. Based on a micro-study of three villages, at different stages of development with dissimilar economic characteristics in Jiangxi province, this book investigates the sources of finance, formal and informal, in rural areas and the different types of credit that farmers require. It examines the patterns of credit required by rural households at different stages of agricultural processes, and the institutions from which they obtain loans. It demonstrates the importance of innovative institutional arrangements in rural China and new instruments that give farmers access to formal rural financial markets and enable them to utilize credit effectively, concluding that further reforms to RCCs are necessary for RCCs to be truly effective.
Author: Kjeld Erik Brødsgaard
Publisher: Routledge
ISBN: 1317934288
Category : Social Science
Languages : en
Pages : 257
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Book Description
This book analyses public sector reform comprehensively in all parts of China’s public sector – government bureaucracy, public service units and state-owned enterprises. It argues that reform of the public sector has become an issue of great concern to the Chinese leaders, who realize that efficient public administration is key to securing the regime’s governing capacity and its future survival. The book shows how thinking about public sector reform has shifted in recent decades from a quantitative emphasis on 'small government', which involved the reduction in size of what was perceived as a bloated bureaucracy, to an emphasis on the quality of governance, which may result in an increase in public sector personnel. The book shows how, although Western ideas about public sector reform have had an impact, Chinese government continues to be best characterized as 'state capitalism', with the large state-owned enterprises continuing to play an important – and increasing – role in the economy and in business. However, state-owned enterprises no longer provide care for large numbers of people from the cradle to the grave – finding an alternative, efficient way of delivering basic welfare and health care is the big challenge facing China’s public sector.
Author: James A. Johnson
Publisher: Jones & Bartlett Publishers
ISBN: 1449617662
Category : Business & Economics
Languages : en
Pages : 572
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Book Description
Explores the health systems of 17 countries through comparative study. Using a consistent framework, the chapters offer an overview of each country's history, geography, government, and economy, as well as a detailed analysis of the country s healthcare system facilities, workforce, technology, cost, quality, and access. Current and emerging issues are also explored. The book concludes with a look at the changing U.S. healthcare system and the global challenges and opportunities for health. Ideal for courses in global health, international affairs, health administration, and public health, this innovative text challenges its readers to reflect deeply about how health care is organized and delivered.
Author: Shen Wei
Publisher: Routledge
ISBN: 1000200345
Category : Business & Economics
Languages : en
Pages : 286
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Book Description
This book examines the regulatory framework, regulatory objectives, regulatory logics, regulatory instruments, regulatory failures, and regulatory responses in China’s financial market after the global financial crisis. The book provides an in-depth analysis of China’s contemporary financial regulatory system, focusing on risks, regulation, and policies in practice. By drawing on public and private interest theories relating to financial regulation, the book contends that the controlled development of the banking sector, and the financial sector generally, has transformed China’s banks into more market-oriented institutions and increased public sector growth. However, China’s financial market and financial regulation have some inherent weaknesses and deficiencies. This book also offers insights into how this can be improved or adapted to minimize systemic risks in China’s financial sector. This book tries to prove that financial regulation is not just a vehicle for maintaining efficient financial markets but a primary tool through which the Chinese government achieves its political and economic objectives. More fundamentally, according to the law and finance theory, strong market and vibrant judicial systems are needed to further modernize China’s financial markets and market economy. The book will be a useful reference for anyone interested in learning from the Chinese experience.
