Overview
- Explores the problem of the 'middle income trap'
- Explains the logic underpinning the 13th five year plan
- Gives a realistic glimpse of China's economic future
Part of the book series: Contemporary China Studies (COCHST)
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Table of contents (5 chapters)
Keywords
About this book
This open access book explores one of the most fiercely debated issues in China: if and how China will surpass the middle income trap that has plagued many developing countries for years. This book gives readers a clear picture of China today and acts as a reference for other developing countries.
China is facing many setbacks and experiencing an economic slowdown in recent years due to some serious issues, and income inequality is one such issue deferring China’s development potential by creating a middle income trap. This book thoroughly investigates both the unpromising factors and favorable conditions for China to overcome the trap. It illustrates that traps may be encountered at any stage of development and argues that political stability is the prerequisite to creating a favorable environment for economic development and addressing this “middle income trap”.
Written by one of China's central planners, this book offers precious insights into the industrial policies that are transforming China and the world and will be of interest to China scholars, economists and political scientists.
Reviews
“There are many disputes about the concept of "middle-income trap" in the academic community, but the "middle-income trap" has become an important perspective for understanding China's development prospects. Based on this perspective, this book gives an explanation of Chinese-style development and governance.” (Shaoguang Wang, Emeritus Professor at the Chinese University of Hong Kong and Professor at Tsinghua University)
Authors and Affiliations
About the authors
Shaojie Zhou received his Ph.D. degree in Economics from the Chinese University of Hong Kong in 2007. Currently, Zhou serves as the associate professor of School of Public Policy and Management, the deputy director of the Institute for International Development and Global Governance at the school and a research fellow at the Institute of Contemporary China Studies at Tsinghua University, China. His research interests include development research and policy, the Chinese economy, international development, and global governance.
Angang Hu now serves as the Professor of the Institute of State and Global Governance, Dean of the Institute of Contemporary China Studies, at Tsinghua University, China. He was a member of the Advisory Committee for the Thirteenth, Twelfth and Eleventh Five-Year Plans under the National Development and Reform Commission.
Bibliographic Information
Book Title: China: Surpassing the “Middle Income Trap”
Authors: Shaojie Zhou, Angang Hu
Series Title: Contemporary China Studies
DOI: https://doi.org/10.1007/978-981-15-6540-3
Publisher: Palgrave Macmillan Singapore
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s) 2021
Hardcover ISBN: 978-981-15-6539-7Published: 03 October 2020
Softcover ISBN: 978-981-15-6542-7Published: 04 October 2021
eBook ISBN: 978-981-15-6540-3Published: 02 October 2020
Series ISSN: 2635-1226
Series E-ISSN: 2635-1234
Edition Number: 1
Number of Pages: XIX, 218
Number of Illustrations: 49 b/w illustrations
Topics: Asian Economics, Asian Politics, Macroeconomics/Monetary Economics//Financial Economics