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


  • Hausmann, Ricardo

    (Harvard U)

  • Lim, Edwin

    (China Economic Research and Advisory Program)

  • Spence, Michael

    (Stanford U)


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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  • Hausmann, Ricardo & Lim, Edwin & Spence, Michael, 2006. "China and the Global Economy: Medium-Term Issues and Options--A Synthesis Report," Working Paper Series rwp06-029, Harvard University, John F. Kennedy School of Government.
  • Handle: RePEc:ecl:harjfk:rwp06-029

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    Cited by:

    1. Prema-chandra Athukorala, 2009. "The Rise of China and East Asian Export Performance: Is the Crowding-Out Fear Warranted?," The World Economy, Wiley Blackwell, vol. 32(2), pages 234-266, February.
    2. Philip R. Lane & Sergio L. Schmukler, 2006. "The international financial integration of China and India," Proceedings, Federal Reserve Bank of San Francisco, issue Jun.
    3. Jean-Paul Fitoussi & Francesco Saraceno, 2008. "The intergenerational content of social spending : health care and sustainable growth in China," Sciences Po publications 2008-27, Sciences Po.
    4. Yuqing Xing, 2010. "The Yuan’s Exchange Rates and Pass-through Effects on the Prices of Japanese and US Imports," Working Papers id:3130, eSocialSciences.
    5. Philip Lane & Sergio Schmukler, 2007. "The Evolving Role of China and India in the Global Financial System," Open Economies Review, Springer, vol. 18(4), pages 499-520, September.
    6. Robert Lafrance, 2008. "China's Exchange Rate Policy: A Survey of the Literature," Discussion Papers 08-5, Bank of Canada.
    7. repec:spo:wpecon:info:hdl:2441/6741 is not listed on IDEAS

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    JEL classification:

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


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