Rebalancing For Sustainable Growth
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Rebalancing For Sustainable Growth
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Author : Masahiro Kawai
language : en
Publisher: Springer
Release Date : 2015-04-30
Rebalancing For Sustainable Growth written by Masahiro Kawai and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-04-30 with Business & Economics categories.
The Asian model of export-led growth served it well in the post-war period, but prolonged sluggish growth of the developed economies following the global financial crisis, together with growing inequality and rising environmental problems, point to the need for a new growth model. The purpose of this book is to describe the challenges facing Asian economies in the post-global financial crisis environment and to identify structural issues and policies that can help guide Asian policymakers to expand the growth potential of domestic and regional demand in coming years, and thereby create a basis for balanced, sustainable, and inclusive long-term growth. These issues and policies span a variety of dimensions, including macroeconomic policy (monetary, fiscal, and foreign currency management), real sector issues (trade and industrial structure), infrastructure development, labor market and social policy, financial sector reform and regulation, and regional cooperation and architecture. Key recommendations to achieve these goals include measures to: deepen social protection to support social resilience; increase infrastructure investment to create a “seamless Asia”; enhance productivity in the services sector; establish a region-wide free trade agreement to encourage intraregional trade in goods and services and investment through economies of scale and dynamic efficiency of a larger market; promote a shift to a low-carbon society and support green growth; and deepen and integrate financial markets to facilitate the recycling of Asia’s high savings for investment within the region.
Rebalancing For Sustainable Growth
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Author : Masahiro Kawai
language : en
Publisher:
Release Date : 2010
Rebalancing For Sustainable Growth written by Masahiro Kawai and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Asia categories.
Rebalancing And Sustaining Growth In China
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Author : Huw McKay
language : en
Publisher: ANU E Press
Release Date : 2012-07-01
Rebalancing And Sustaining Growth In China written by Huw McKay and has been published by ANU E Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-07-01 with Business & Economics categories.
The idea that China’s economy needs to rebalance is no longer controversial inside or outside the country. Whether it be the increasing recognition of income inequality at home; the still large external surplus; the focus on consumption and industrial upgrading in the policy discourse; the economic, political and social tensions associated with the major decline in housing affordability; the profound conflict between industrialisation, urbanisation and the biosphere; the profitability gulf between the top SOEs and private firms; or the uni-directional pressures pushing on the real exchange rate; the evidence in favour of a highly imbalanced structure is omnipresent. Rebalancing and Sustaining Growth in China brings together some of the world’s leading observers of the Chinese economy to debate the multifarious questions pertaining to rebalancing. How are we to make sense of the many, often contradictory, proposals that seek the same ultimate objective of a more sustainable growth model? What mix of policies will be most effective in addressing the required structural change without sacrificing prosperity along the way? Where should we look for root causes, and how can we avoid getting distracted by symptoms? How do China’s unique internal migration dynamics – and the Lewis turning point – constrain its options? What role will and should financial, fiscal and welfare reform play in the process? Where do water and energy security fit in? Can China innovate before it gets old – or can China get smart before it gets rich? And are intergenerational issues being taken into account?
Fiscal Underpinnings For Sustainable Development In China
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Author : Ehtisham Ahmad
language : en
Publisher: Springer
Release Date : 2017-12-28
Fiscal Underpinnings For Sustainable Development In China written by Ehtisham Ahmad and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-12-28 with Business & Economics categories.
This book collects high-quality papers on issues related to the rebalancing strategy in China, new clean cities as “hubs’’, liability management, and involving the private sector, including through PPPs, with specific examples from Guangdong. Guangdong has been at the forefront of economic reforms in China since the advent of the Responsibility System in the late 1970s, and its successes and challenges reflect those of China as a whole. The need for rebalancing towards a more inclusive and sustainable path is also critical in Guangdong, just as it is in China. Strengthening the fiscal underpinnings and the next stages of tax reforms are critical drivers to accomplishing the requisite structural changes.
Rebalancing And Sustaining Growth In China
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Author :
language : en
Publisher:
Release Date : 2012
Rebalancing And Sustaining Growth In China written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012 with categories.
Rebalancing In China Progress And Prospects
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Author : Ms.Longmei Zhang
language : en
Publisher: International Monetary Fund
Release Date : 2016-09-06
Rebalancing In China Progress And Prospects written by Ms.Longmei Zhang and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-09-06 with Business & Economics categories.
China is transitioning to a greener, more inclusive, more consumer and service based, and less credit-driven economy. This paper defines a framework for assessing rebalancing, reviews progress, and discusses medium-term prospects. External rebalancing has advanced well, while progress on internal rebalancing has been mixed, with substantial progress on the supply side, moderate progress on the demand side, and limited progress on the credit side. Rebalancing on income equality and environment has also been mixed, with the energy intensity of growth falling and labor’s share of income rising, but income inequality and local air pollution remaining very high. Going forward, the high national saving is expected to fall owing to demographic change and a stronger social safety net, while the investment ratio is expected to fall similarly, with increasing competition and profit normalization as growth slows. The service sector will continue to gain importance, helping reduce the carbon intensity of output and increase labor’s share of national income and household consumption. Reducing the credit intensity of growth is likely to progress slowly unless decisive corporate restructuring and SOE reforms are implemented.
Rebalancing The Global Economy
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Author : Christopher Brook (Economist)
language : en
Publisher:
Release Date : 2014-10
Rebalancing The Global Economy written by Christopher Brook (Economist) and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-10 with Environmental economics categories.
Global Linkages And Economic Rebalancing In East Asia
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Author : Shigeyuki Hamori
language : en
Publisher: World Scientific
Release Date : 2013
Global Linkages And Economic Rebalancing In East Asia written by Shigeyuki Hamori and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013 with Business & Economics categories.
In the wake of the global financial crisis, leading industrialized countries have managed to show only a gradual recovery, while East Asian economies have surged ahead. In particular, China achieved growth in excess of 10% in 2010 and is expected to continue growing at a rapid pace. It appears that in the coming years, East Asia will play an even greater role as a growth center leading global economic expansion. Following the Asian currency crisis of 1997OCo98, consumption and investment in the region decreased considerably, and East Asian economies recovered on the strength of exports. Presently, however, amid a less-than-robust recovery in the US and Europe, the sustainability of East Asia''s reliance on export-led growth has been called into question. The region''s transition to growth based on a balance of foreign and domestic demand is important for both building a stronger foundation for sustainable growth and buttressing global economic expansion. Moreover, the rebalancing of demand in East Asia holds the key to rectifying global current account imbalances OCo the disadvantage of uneven international capital flows. This unique volume illuminates policy issues involved in the efforts to promote the rebalancing of demand in East Asia.
Rebalancing The Global Economy
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Author : Stijn Claessens
language : en
Publisher: CEPR
Release Date : 2010-08
Rebalancing The Global Economy written by Stijn Claessens and has been published by CEPR this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010-08 with Economic policy categories.
The purpose of this electronic book is to provide policymakers and their advisers with up-to-date, comprehensive analyses of the central facets of global economic imbalances and to identify and evaluate potential national and systemic responses to this challenge. To break down the many facets of this collective economic challenge, leading experts were asked to address one of the following policy-relevant questions. 1. How large are contemporary current account imbalances? Why do they persist? 2. What are the systemic costs of imbalances? 3. What are the lessons from previous attempts to rebalance the global economy? 4. What would rebalancing entail? Which policies must change? Is collective action needed? 5. What is the political viability of proposals to rebalance national economies? 6. Are new system-wide accords needed to promote rebalancing or to discourage persistent imbalances? www.voxeu.org/reports/global_imbalances.pdf
China S Economy In Transition
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Author : Mr.Anoop Singh
language : en
Publisher: International Monetary Fund
Release Date : 2013-11-07
China S Economy In Transition written by Mr.Anoop Singh and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-11-07 with Business & Economics categories.
China's current account surplus has declined to around one-quarter the peak reached before the global financial crisis. While this is a major reduction in China's external imbalance, it has not been accompanied by a decisive shift toward consumption-based growth. Instead, the compression in its external surplus has been accomplished through increasing fixed investment so that it is now an even higher share of China's national economy. This increasing reliance on fixed investment as the main driver of China's growth raises questions about the durability of the compression in the external surplus and the sustainability of the current growth model that has had unprecedented success in lifting about 500 million people out of poverty over the last three decades. This volume examines various aspects of the rebalancing process underway in China, highlighting policy lessons for achieving stable, sustainable, and inclusive growth.