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Title Details

RRP / List Price: $148.00

Title   How China Grows Investment Finance & Reform 

ubiq Price: $133.20

Author   RIEDEL ET AL  ISBN   9780691125626  Add to shopping cart   
Publisher   Princeton University Press  Group   Commerce/Law View shopping cart
Binding   Hardback Category   Int Business  Terms and conditions
Edition   1/2007 Type   Go back
Publication Year    
Subject   Economic history 
Stock Status   Not currently in stock - contact store for availability 
Order Status   Not currently on order 
Synopsis Although 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 inward 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 investment allocation. Financial-sector reform and development are necessary, not only for sustaining long-term growth, but also for maintaining macroeconomic stability.Although it includes some technical economic analysis, "How China Grows" is accessible to noneconomists and will benefit anyone who is interested in development finance in general and in China's economic growth in particular - whether economists, political scientists, bankers, or business people

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