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Interpreting China's Economy - Gregory C. Chow

Interpreting China's Economy

Hardcover Published: 12th July 2010
ISBN: 9789814317948
Number Of Pages: 300

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This book is unique in covering all important topics of the Chinese economy in depth but written in a language understandable to the layman and yet challenging to the expert. Beginning with entrepreneurship that propels the dynamic economic changes in China today, the book is organized into four broad parts to discuss China's economic development, to analyze significant economic issues, to recommend economic policies and to comment on the timely economic issues in the American economy for comparison.Unlike a textbook, the discussion is original and thought-provoking. It is written by a most distinguished economist who has studied the Chinese economy for thirty years, after making breathtaking contributions to the fields of econometrics, applied economics and dynamic economics and serving as a major adviser to the government of Taiwan during its period of rapid development in the 1960s and 1970s. In the last thirty years, the author has served as a major adviser to the government of China on economic reform and important economic policies and cooperated with the Ministry of Education to introduce and promote the development of modern economics in China, including training hundreds of economists in China and placing many graduate students to pursue a doctoral degrees in economics in leading universities in the US and Canada. These graduates now plays pivotal roles in China and in the US in academics, business or government institutions. The essays, a culmination of the author's expertise in China over five decades, are being widely read in China. When the author became professor emeritus at Princeton, the University named the Econometric Research Program as the Gregory C Chow Econometric Research Program in his honor.

Prefacep. v
Economic Developmentp. 1
Entrepreneurship Propelling Economic Changes in Chinap. 3
China's Economic Reform: Retrospect and Prospectp. 21
Review of China's Economic Development in the 20 years Since 1989p. 25
How has the Chinese Government Changed Since the 1980s?p. 41
Why China's Economy has Grown so Rapidlyp. 43
China's History and its Human Capitalp. 47
China's GDP to Exceed the US GDP in 2020: A Re-estimation of the Forecastp. 53
From Receiving Foreign Investment to Investing Abroadp. 57
From Learning to Innovating in Science, Technology and Educationp. 61
How will the Chinese Society Continue to Improve?p. 65
Economic Analysisp. 69
A First Lesson in Microeconomics: Demand for Education in Chinap. 71
Supply and Demand for Healthcare in Chinap. 75
Is the Price of Urban Housing in China Determined by Market Forces?p. 79
A Lesson in Macroeconomics: The Determination of Consumption and Investmentp. 85
Exchange Rate, Money Supply and the Overheating of the Chinese Macroeconomyp. 89
Using Friedman's Theory to Explain Inflation and the Overheating of the Chinese Macroeconomyp. 93
Should China Revalue its RMB: Email Exchanges Between Gregory Chow and Ronald McKinnonp. 97
How are Prices of Stocks in China Determined?p. 107
How are Stock Price Movements in the Shanghai and New York Stock Exchanges Related?p. 109
Misunderstanding of China in the Western Pressp. 113
Are Chinese Official Statistics Reliable?p. 119
Will China Experience Serious Inflation?p. 141
How to Put "Seek Truth from Facts" into Practicep. 149
Economic Policyp. 153
From Economic Research to Social Changep. 155
Has China Solved its Population Problem?p. 171
The Problem of Rural Poverty in Chinap. 177
Why is Healthcare in China So Expensive?p. 205
How to Solve the Problem of Income Inequalityp. 211
Can We Understand Corruption Using Tools of Economics?p. 215
How to Improve the Regulation of Industrial Pollution in Chinap. 219
China's Successful Experiences in Solving Energy and Environmental Problemsp. 223
A Proposal to Regulate CO2 Emissions Through the United Nationsp. 227
Thoughts About the American Economyp. 231
Milton Friedman - as a Scholar, as a Person - and Chinap. 233
How are American Universities Different from the Chinese?p. 237
What You Need To Know to Apply to Elite American Universitiesp. 243
The Financial Crisis and the World Economyp. 247
What are the Shortcomings of the American Financial System?p. 253
What is the Nature of the American Financial Crisis?p. 257
Why was Obama Elected President of the United States?p. 261
How will Obama Set his Policies for Economic Recovery?p. 267
Should the American Government Bailout the Automobile Industry?p. 273
The Excitement of Obama's Inaugurationp. 277
Are Obama's Economic Policies Essentially Correct?p. 281
The Serious Problems Facing Obamap. 285
About the Authorp. 289
Table of Contents provided by Ingram. All Rights Reserved.

ISBN: 9789814317948
ISBN-10: 9814317942
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 300
Published: 12th July 2010
Publisher: World Scientific Publishing Co Pte Ltd
Country of Publication: SG
Dimensions (cm): 22.86 x 15.88  x 1.91
Weight (kg): 0.57