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China and the Global Economy: Medium-Term Issues and Options--A Synthesis Report

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Author Info
Hausmann, Ricardo (Harvard U)
Lim, Edwin (China Economic Research and Advisory Program)
Spence, Michael (Stanford U)

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Abstract

China’s economic and social achievements since the beginning of reform and opening are unprecedented in global history. Managing the growth process in this continuously changing environment has required great skill and the use of unconventional economic policy. Now China has entered a new era in its development process with a set of challenges largely different from those of the recent past. Some problems - such as growing internal and external structural imbalances, increasing income and regional inequality – have arisen from, or been exacerbated by, the very pattern and success of high growth since reforms began. Others are newly posed by rapid changes in the global economy. These challenges can best be tackled in an integrated and coordinated fashion. This report, supported by the China Economic Research and Advisory Programme (CERAP), identifies the primary challenges facing China today and presents options for meeting them. [Jointly published as Center for International Development Working Paper No. 126 and KSG Faculty Research Working Paper Series RWP06-029.]

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Paper provided by Harvard University, John F. Kennedy School of Government in its series Working Paper Series with number rwp06-029.

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Date of creation: Jul 2006
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Handle: RePEc:ecl:harjfk:rwp06-029

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O20 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - General

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  1. Prema-chandra Athukorala, 2007. "The Rise of China and East Asian Export Performance: Is the Crowding-out Fear Warranted?," Departmental Working Papers 2007-10, Australian National University, Economics RSPAS. [Downloadable!]
    Other versions:
  2. Lane, Philip R. & Schmukler, Sergio L., 2007. "The international financial integration of China and India," Policy Research Working Paper Series 4132, The World Bank. [Downloadable!]
    Other versions:
  3. Robert Lafrance, 2008. "China's Exchange Rate Policy: A Survey of the Literature," Discussion Papers 08-5, Bank of Canada. [Downloadable!]
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