Macroeconomic Reform in China

Macroeconomic Reform in China

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China is in the throes of two transitions: from a command economy to a market-based one and from a rural, agricultural society to an urban, industrial one. So far, both transitions have been spectacularly successful. China is the fastest-growing economy in the world, with per capita incomes more than quadrupling since 1978, achieving in two generations what took other countries centuries. Although swift growth and structural change have resolved many problems, they also have created new challenges: employment insecurity, growing inequality, stubborn poverty, mounting environmental pressures, rising costs of food self-sufficiency, and periods of macroeconomic instability stemming from incomplete reforms. Unmet, these challenges could undermine the sustainability of growth, and Chinas promise could fade. China 2020, a seven-volume set, examines China's recent history, where it is today, and the path it should follow during the first two decades of the 21st century. The volume in the set entitled, Clear Water, Blue Skies: Chinas Environment in the New Century explores the relationship between economic growth and the environment. Chapters review the harmful effects of all forms of pollution and discuss ways of securing higher environmental living standards. Particular attention is given to urban areas and the impact of pollution on health conditions.309 Public and Private Secondary Education in Developing Countries: A Comparative Study. ... 312 Procurement and Disbursement Manual for Projects with Community Participation. ... 331 Case Studies in War-to-Peace Transition: The Demobilization and Reintegration of Ex-Combatants in Ethiopia, Namibia, and Ugandaanbsp;...

Title:Macroeconomic Reform in China
Author:Jiwei Lou
Publisher:World Bank Publications - 1997-01-01


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