How China Grows: Investment, Finance, and Reform Riedel James
Why investment and financial reform are essential to China's continued economic well-beingAlthough China's economy has grown spectacularly over the last twenty-five years, economists disagree about…
Specifikacia How China Grows: Investment, Finance, and Reform Riedel James
Why investment and financial reform are essential to China's continued economic well-beingAlthough China's economy has grown spectacularly over the last twenty-five years, economists disagree about how the Chinese economy is likely to fare in the short- and long-term future. Is China's growth sustainable, or has China relied too much on investment, which is subject to diminishing returns, and not enough on technological change? The first book on the relation between investment, finance, and growth in China, How China Grows dismisses this concern. James Riedel, Jing Jin, and Jian Gao argue that investment has not only been the engine of growth, but also the main source of technological progress and structural change in China.What threatens future growth instead, the authors argue, are the weaknesses of China's financial system that undermine efficiency in