The Chinese Economy: A New Transition [Hardcover]

China has enjoyed a higher growth rate for a longer period than any other nation to date. This volume brings together leading economists to analyse this unprecedented economic boom, and discuss prospects for the future. Chapters address a wide range of issues, covering not only financial systems, but also the social and cultural impact of growth.Introduction PART I: FITOUSSI LECTURE Economics and China's Economic Rise; J.Wu PART II: PERSPECTIVES OF THE CHINESE ECONOMY China's Investment and GDP Growth Boom: When and How will it End? D.Perkins Six Systemic Reforms with which China must press ahead; J.Lou When Demographic Dividend Disappears: Growth Sustainability of China; F.Cai & W.Zhao PART III: LABOR MARKET, SOCIAL INSURANCE AND DEMOGRAPHIC CHANGE Adjusting to Really Big Changes: The Labour Market in China, 1989-2009; W.Chi , R.Freeman & H.Li Social Insurance and Household Consumption in China; C.Bai & B.Wu Population Aging and Economic Growth in China; J.Banister , D.Bloom & L.Rosenberg Health, Education and China's Demographic Transition Since 1950; K.Eggleston PART IV: BANKING AND CORPORATE GOVERNANCE The Initial Public Offering of the Industrial and Commercial Bank of China (ICBC); F.Allen , D.Huang , J.Qian & M.Zhao PART V: ENVIRONMENTAL POLICY An Integrated Assessment of the Economic Costs and Environmental Benefits of Pollution and Carbon Control; J.Cao , M.Ho & D.Jorgenson PART VI: INSTITUTIONS IN CHINA'S DEVELOPMENT Institutional Foundations of China's Structural Problems; C.Xu Political Competition at a Multilayer Hierarchy: Evidence from China; C.Liu , X.Li , X.Weng & L.Zhou.MASAHIKO AOKI. Henri and Tomoye akahashi Professor Emeritus in the Department of Economics and a senior fellow of Stanford Institute of Economic Policy Research and Freeman Spogli Institute of International Studies at Stanford University. Fellow of the Econometric Society. Former President of the International Economic Association (2008-2011) ALLEN, FRAl“'