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An essay on economic reforms and social change in China

Author

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  • Lindbeck, Assar

Abstract

The author applies a systems-oriented"holistic"approach to China's radical economic reforms during the past quarter of a century. He characterizes China's economic reforms in terms of a multidimensional classification of economic systems. When looking at the economic consequences of China's change of economic system, he deals with both the impressive growth performance and its economic costs. The author also studies the consequences of the economic reforms for the previous social arrangements in the country, which were tied to individual work units-agriculture communes, collective firms, and state-owned enterprises. He continues with the social development during the reform period, reflecting a complex mix of social advances, mainly in terms of poverty reduction, and regresses for large population groups in terms of income security and human services, such as education and, in particular, health care. Next, the author discusses China's future policy options in the social field, whereby he draws heavily on relevant experiences in industrial countries over the years. The future options are classified into three broad categories: policies influencing the level and distribution of factor income, income transfers including social insurance, and the provision of human services.

Suggested Citation

  • Lindbeck, Assar, 2006. "An essay on economic reforms and social change in China," Policy Research Working Paper Series 4057, The World Bank.
  • Handle: RePEc:wbk:wbrwps:4057
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    Cited by:

    1. Lindbeck, Assar, 2006. "Economic-Social Interaction during China’s Transition," Working Paper Series 680, Research Institute of Industrial Economics.
    2. Mylène Gaulard, 2010. "Baixa da taxa de lucro e crescimento chinês ," Post-Print halshs-01811556, HAL.
    3. Horst Siebert, 2007. "China: Coming to Grips with the New Global Player," The World Economy, Wiley Blackwell, vol. 30(6), pages 893-922, June.
    4. Noha Farrag & Hebatallah Ghoneim, 2016. "Challenges to the Development of an Islamic Economic System," Working Papers 42, The German University in Cairo, Faculty of Management Technology.
    5. Assar Lindbeck, 2007. "China’s reformed economy," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 8(01), pages 8-14, April.
    6. Horst Siebert, 2007. "China – opportunities of and constraints on the new global player," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 8(04), pages 52-61, January.

    More about this item

    Keywords

    Economic Theory&Research; Banks&Banking Reform; Investment and Investment Climate; Privatization; Economic Systems;
    All these keywords.

    JEL classification:

    • I18 - Health, Education, and Welfare - - Health - - - Government Policy; Regulation; Public Health
    • I19 - Health, Education, and Welfare - - Health - - - Other
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • P30 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - General

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