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Is the Chinese Economy a Miracle or a Bubble?
- 點閱：1
- 作者： Lawrence J. Lau著
- 出版社：香港中文大學出版社
- 出版年：2024
- ISBN：9789882370951
- 格式：PDF,JPG
An indispensable reference to the development of the Chinese economy—past，present，and future。—DALE W。 JORGENSON，Samuel W。 Morris University Professor，Harvard University
Since China undertook economic reform and opened its economy to the world in the late 1970s，its economy has been growing at an average annual rate of over 9 percent for more than four decades。 No other economy in recorded history has grown at such a high rate and for such a long period as China has done。 The questions that naturally arise are: Was the Chinese economy a miracle? Or was it a mere bubble? Will the Chinese economy begin to stagnate like the Japanese economy did in the 1990s，and perhaps decline? Will it be able to escape the “middle-income trap”? If it is not a miracle，can the Chinese development experience be replicated elsewhere?
This book provides a comprehensive and detailed discussion of the remarkable growth of the Chinese economy over the past decades，by scrutinising the sources of economic growth，and evaluating
the strategies adopted by the Chinese government to promote the transition from a centrally-planned economy to a market-based economy by means of the “dual-track” approach。 It is argued that，while the Chinese economy is unique and exceptional in many ways，its development experience can be explained and attributed。
A comprehensive and detailed discussion of the remarkable growth of the Chinese economy at nearly double-digit rates in the four decades since the reforms of Deng Xiaoping in 1978。 This volume will be an indispensable reference to the development of the Chinese economy—past，present，and future。
—Dale W。 Jorgenson
Samuel W。 Morris University Professor，Harvard University
Lawrence Lau’s discussion and economic reasoning with regard to the economic development of China dispels the view that the Chinese economic development since the opening up in the late 1970s was bubble。 I found his reasoning fascinating and his arguments that other countries can replicate the Chinese experience to facilitate their own development sound and well-reasoned。 This book will be read and discussed by scholars and practitioners interested in a better understanding of the road to economic development。
—Myron Scholes
Nobel Laureate in Economic Sciences (1997)
Professor Emeritus，Stanford University
The essays in this book present a rich and informed analysis of China’s long-run economic development。 They provide a unique insight into the Chinese economy at a crucial point in the country’s development。 The essays have deep analytical weight，reflecting Lawrence Lau’s outstanding contribution to economic thought and policy formation in China。
—Peter Nolan
Founding Director，Centre of Development Studies，University of Cambridge
This is a great and well-researched book。 As a distinguished scholar and renowned adviser to Chinese economic policymakers，Professor Lawrence Lau utilizes extensive data and economic models to evaluate the various sources of growth since China’s 1978 reforms from an innovative perspective。 The book juxtaposes China’s experience with other East Asian economies，offering unique and deep insights into its distinctive development path。 It’s essential reading for politicians，scholars，business leaders，investors，students，and anyone interested in understanding China better。
—Junsen Zhang
Dean and Distinguished University Professor，School of Economics，Zhejiang University
Fellow of the Econometric Society
- Foreword by Dale W. Jorgenson(第ix頁)
- Preface(第xi頁)
- Acknowledgments(第xvii頁)
- Introduction(第1頁)
- Section I：Economic Growth: China and East Asia(第17頁)
- Commentary(第18頁)
- 1. The Sources of Economic Growth of the East Asian Newly Industrialised Countries(第27頁)
- 2. The Sources of Asian Pacific Economic Growth(第65頁)
- 3. How Much Slack Was There in the Chinese Economy Prior to Its Economic Reform of 1978？(第73頁)
- 4. The Sources of Chinese Economic Growth since 1978(第111頁)
- 5. What Makes China Grow？(第135頁)
- 6. The Great Transformation—East(第189頁)
- Section II：The Strategies of Economic Development：China and East Asia(第215頁)
- Commentary(第216頁)
- 7. The Role of Government in Economic Development: Some Observations from the Experiences of China, Hong Kong, and Taiwan(第223頁)
- 8. The Sky Isn’t Falling—The East Asian Currency Crisis (1997)(第263頁)
- 9. Gain Without Pain: Why Economic Reformin China Worked(第275頁)
- 10. The Macroeconomy and Reform of the Banking Sector in China(第299頁)
- 11. Reform without Losers: An Interpretation of China’s Dual-Track Approach to Transition(第329頁)
- 12. The Chinese Economy: Myths and Realities(第355頁)
- Section III：The Chinese Economy in the New Era(第385頁)
- Commentary(第386頁)
- 13. The Sky is Not Falling！—The China-U.S. Trade War (2018)(第389頁)
- 14. Chinese Economy in the New Era(第425頁)
- 15. Public Goods Provision and Chinese Economic Development(第449頁)
- 16. The Prospects for the Chinese Economy in 2023 and Beyond(第483頁)
- Conclusion(第493頁)
