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Author: Shuanglin Lin
Publisher: World Scientific
ISBN: 981449416X
Category : Business & Economics
Languages : en
Pages : 35
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Book Description
This volume examines China's government budgetary condition, analyses the new expansionary fiscal policy, and discusses policy options. China's government budgetary revenue has declined dramatically since the start of economic reforms. Facing slower economic growth, China's new fiscal policy is to increase government expenditures by issuing bonds. With a large increase in government spending, it should not be difficult to achieve 7% growth in 1999. The government should conduct serious cost-benefit analyses of every public project in order to prevent scarce funds from being wasted. In the long run, the government should focus on merging the extra-budgetary and off-budgetary revenues into budgetary revenues, instead of allocating more resources to the government sector.
Author: Shuanglin Lin
Publisher: World Scientific
ISBN: 981449416X
Category : Business & Economics
Languages : en
Pages : 35
Get Book Here
Book Description
This volume examines China's government budgetary condition, analyses the new expansionary fiscal policy, and discusses policy options. China's government budgetary revenue has declined dramatically since the start of economic reforms. Facing slower economic growth, China's new fiscal policy is to increase government expenditures by issuing bonds. With a large increase in government spending, it should not be difficult to achieve 7% growth in 1999. The government should conduct serious cost-benefit analyses of every public project in order to prevent scarce funds from being wasted. In the long run, the government should focus on merging the extra-budgetary and off-budgetary revenues into budgetary revenues, instead of allocating more resources to the government sector.
Author: Shuanglin Lin
Publisher: World Scientific
ISBN: 9789810241001
Category : Business & Economics
Languages : en
Pages : 44
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Book Description
Prepared by the East Asian Institute, NUS, which promotes research on East Asian developments particularly the political, economic and social development of contemporary China (including Hong Kong and Taiwan), this series of research reports is intended for policy makers and readers who want to keep abreast of the latest developments in China. Lin Shuanglin examines China's government budgetary condition, analyses the new expansionary fiscal policy, and discusses policy options.
Author: Jiwei Qian
Publisher:
ISBN:
Category : China
Languages : en
Pages : 38
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Book Description
Author: Ding Lu
Publisher: World Scientific
ISBN: 981448976X
Category : Business & Economics
Languages : en
Pages : 468
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Book Description
In the last two decades of the 20th century, China stood out as the world's star performer in economic growth, thanks to the market-oriented reform that started in 1978. At the turn of the century, the Chinese economy faces a series of challenges to sustain its growth and stability. The two-decade-long rapid growth has effectively strengthened China's economic power and raised its people's standard of living. It has also transformed China from a centrally planned command economy into a “socialist market economy”, which operates increasingly in line with capitalist norms. Major structural problems, however, remain and are growing acute. Weakness in the fiscal system breeds rent seeking at the local level and causes tension in the state budget. The flawed financial institutions and the biased ownership structure continue to distort resource allocation and cause huge efficiency losses. Inter-provincial and inter-regional disparity is reaching a level that threatens national unity and social stability. As China joins the World Trade Organization and becomes more integrated into the world economy, it urgently needs to improve the domestic business environment and to beef up indigenous industries for foreign competition.This volume is a collection of papers written by scholars at the East Asian Institute to address those problems during the period 1999-2001. The authors, with their knowledge and experience in China studies, provide in-depth observations and professional analyses of some of the most important issues for the Chinese economy at the turn of the century. Some of the observations and analyses lead to enlightening policy recommendations. The solid scholarship combined with the policy orientation of these papers will appeal greatly to researchers in academia, governments and other institutions. The policy-oriented and fact-based analyses will also be of interest to practitioners in business, including business consultants.
Author: Eswar Prasad
Publisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 80
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Book Description
China’s transformation into a dynamic private-sector-led economy and its integration into the world economy have been among the most dramatic global economic developments of recent decades. This paper provides an overview of some of the key aspects of recent developments in China’s macroeconomy and economic structure. It also surveys the main policy challenges that will need to be addressed for China to maintain sustained high growth and continued global integration.
Author: Yi Wen
Publisher: World Scientific
ISBN: 9814733741
Category : Business & Economics
Languages : en
Pages : 336
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Book Description
The rise of China is no doubt one of the most important events in world economic history since the Industrial Revolution. Mainstream economics, especially the institutional theory of economic development based on a dichotomy of extractive vs. inclusive political institutions, is highly inadequate in explaining China's rise. This book argues that only a radical reinterpretation of the history of the Industrial Revolution and the rise of the West (as incorrectly portrayed by the institutional theory) can fully explain China's growth miracle and why the determined rise of China is unstoppable despite its current 'backward' financial system and political institutions. Conversely, China's spectacular and rapid transformation from an impoverished agrarian society to a formidable industrial superpower sheds considerable light on the fundamental shortcomings of the institutional theory and mainstream 'blackboard' economic models, and provides more-accurate reevaluations of historical episodes such as Africa's enduring poverty trap despite radical political and economic reforms, Latin America's lost decades and frequent debt crises, 19th century Europe's great escape from the Malthusian trap, and the Industrial Revolution itself.
Author: Ross Garnaut
Publisher: Asia Pacific Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 252
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Book Description
Author: Alessia Amighini
Publisher: Ledizioni
ISBN: 8855265237
Category : Political Science
Languages : en
Pages : 126
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Book Description
The coronavirus pandemic that has rocked China since December 2019 has posed a gruelling test for the resilience of the country’s national economy. Now, as China emerges from its Covid-induced “recession”, it feels like the worst is behind it. How did China manage to come out almost unscathed from the worst crisis in over a century?This Report examines how China designed and implemented its post-Covid recovery strategy, focussing on both the internal and external challenges the country had to face over the short- and medium-run.The book offers a comprehensive argument suggesting that, despite China having lost economic and political capital during the crisis, Beijing seems to have been strengthened by the “pandemic test”, thus becoming an even more challenging “partner, competitor and rival” for Western countries.
Author: John Franklin Copper
Publisher: World Scientific
ISBN: 9812776397
Category : Political Science
Languages : en
Pages : 86
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Book Description
In December 2001, Taiwan held an election that many observers said, in addition to the 2000 election that resulted in opposition party leader Chen Shui-bian winning the presidency, consolidated its democracy. This election made President Chen''s party, the Democratic Progressive Party (DPP), the largest party in the legislature and gave him an opportunity to implement his agenda. President Chen had not been able to do previously due to the opposition''s large legislative majority and the political gridlock that had plagued Taiwan for some months.This book examines the political milieu in which the campaign was conducted, the candidates, party platforms and strategies, the campaign, and the results of the election. It also assesses the domestic and international responses to the election and its political ramifications.The author argues that the DPP won using questionable tactics, thus diminishing its otherwise significant victory while creating doubts about the OC Taiwan political miracleOCO. The KMT lost badly. The People First Party, created by James Soong after the 2000 presidential election, performed very well in this election. Former president Lee Teng-hui helped found a new party shortly before this election to help President Chen by drawing support away from the KMT; it performed well.The author concludes that the election mirrored Taiwan''s new four-party system, which is divided into two camps. While the OC greenOCO bloc (the DPP and Lee''s new party) performed well, the OC blueOCO team (the KMT and Soong''s party) won a majority. Taiwan''s party politics, the author says, remain in flux."
Author: George Woei Tsai
Publisher: World Scientific
ISBN: 9789810247126
Category : Social Science
Languages : en
Pages : 56
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Book Description
Recent years have seen the emergence of a unique Taiwanese consciousness. What this so-called Taiwanisation is and how it came about are addressed in the first article. The evolution of this Taiwanese consciousness, and how it is perceived and presented by major political parties like the Democratic Progressive Party, the Kuomintang, the People First Party and the New Party, are then discussed. The process appears to be an irreversible one which might lead to Taiwan's self-determination.The second article offers a working definition of Taiwanisation. It then spells out the significance of understanding Taiwanisation and the motivations of the proponents of the Taiwanisation policy. A number of reasons are given as to why such a policy is necessary. The authors examine the strategies and tactics in implementing the Taiwanisation policy, weighing its effectiveness, Beijing's reaction, and the problems and prospects of pursuing this policy.
