New Economic Growth Engine For China, A

Escaping The Middle-income Trap By Not Doing More Of The Same

By: Jeffrey David Sachs (Editor), Zhao Chen (Editor), Wing Thye Woo (Editor), Ming Lu (Editor)

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Paperback | 23 August 2012

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308 Pages

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22.86 x 15.24 x 1.65

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This volume is a report by leading international economic experts on China's economic priorities in the coming years. From various aspects of the domestic and foreign situation, China has now reached a critical juncture in its economic development. Unless China is able to overcome the difficulties in undertaking further reforms in the next ten years, China would be caught in the middle-income trap and be unable to become a modern country. The future course of China's economic development is also of great concern to the rest of the world because the socio-political-economic conditions in China will have significant impact on global economic prosperity and on global political harmony.The book is a product of close collaboration between the School of Economics at Fudan University and the Earth Institute at Columbia University. They cover a new paradigm for growth, short-term demand management, institutional reforms for middle-term growth, and strengthening the fundamentals for long-term growth.

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