IDEAS home Printed from https://ideas.repec.org/h/pal/intecp/978-1-137-03429-8_1.html
   My bibliography  Save this book chapter

Introduction

In: The Chinese Economy

Author

Listed:
  • Masahiko Aoki

    (Stanford University)

Abstract

The rise of industrialized China and her resurgence as an economic powerhouse is a transformative event in the history of the world economy. However, there now appears to be an emergent consensus that the Chinese economy is facing a turning point, that is to say, another transition after the thirty years of successful transition to the market economy from the command economy. The nature of this new transition may be understood within a new conceptual and analytical framework that unifies development economics and demography in a long-term perspective (for example, Hansen and Prescott 2002; Galor 2011; Aoki 2012). After a rather long transition out of the Malthusian state (1911-the late 1940s) and then the phase of government-mediated initial industrialization (the early 1950s-the late 1970s), the era of high growth ensued, driven by favorable demographic factors such as demographic dividend (Bloom and Williamson 1998) and massive domestic migration of labor from the rural agricultural sector to the industrial sector.

Suggested Citation

  • Masahiko Aoki, 2012. "Introduction," International Economic Association Series, in: Masahiko Aoki & Jinglian Wu (ed.), The Chinese Economy, pages 1-9, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-137-03429-8_1
    DOI: 10.1057/9781137034298_1
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:intecp:978-1-137-03429-8_1. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.