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China: A New Model for Growth and Development »
Edited by: Ross Garnaut, Cai Fang, Ligang Song
Publication date: July 2013
The Chinese economy is undergoing profound change in policy and structure. The change is necessary to increase the value of growth to the Chinese community, and to sustain growth into the future. The changes are so comprehensive and profound that they represent a new model of Chinese economic growth. This book describes the replacement of an old uninhibited investment expansion model of growth, by transition to modern economic growth and provides insights into recent changes and where they are likely to lead. These include requirements for building the new institutions including its public finances for future growth, adjustments in its savings, industry and agriculture, changes in its demographic structure, business environment, and pattern of rural-urban migration, prospects for ‘green growth’, its energy policy trilemma and the climate change mitigation strategy, and changes for China’s interaction with the international economy through its overseas investment and trade in high tech products. China’s adoption of a new model of economic growth is of immense importance to people in China and everywhere. This book is an early attempt to take a close look at many of the features of the new model.
China: A New Model for Growth and Development (Chinese version) »
中国长期增长与发展的新战略: 责任与启示
Authored by: Ross Garnaut, 蔡 昉 宋立刚
Publication date: July 2013
中国经济正经历着政策和结构方面的深刻变革. 这种变革对于提高中国 社会的增长绩效、 保持未来中国经济的发展潜力都很有必要. 成功的经济发展改变了中国传统的增长模式, 也给经济发展带来了压力, 而这种压力正是变革的内驱力之一. 近年来, 劳动力短缺及真实工资迅速上涨给中国经济的传统模式带来了巨大挑战, 使得资源和收入分配、自然环境、经济增长率、储蓄率、 投资率与国际资本流动等都有所变化. 原有的增长模式在过去取得了巨大的成功, 也引发了上文所述的种种变化, 而国家政策层面上的改革亦会改善现状, 使中国的收人分配体系更加公平, 国内环境和国际环境更加有利于中国经济的发展.
Chinese version of this book is available from this Social Science and Academic Press.
East Asia Forum Quarterly: Volume 5, Number 2, 2013 »
Publication date: June 2013
East Asia Forum Quarterly grew out of East Asia Forum (EAF) online, which has developed a reputation for providing a platform for the best in Asian analysis, research and policy comment on the Asia Pacific region in world affairs. EAFQ aims to provide a further window onto research in the leading research institutes in Asia and to provide expert comment on current developments within the region. The East Asia Forum Quarterly, like East Asia Forum online, is an initiative of the East Asia Forum (EAF) and its host organisation, the East Asian Bureau of Economic Research (EABER) in the Crawford School of Economics and Government in the College of Asia & the Pacific at The Australian National University.
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Asia-Pacific Security »
Policy Challenges
Edited by: David W. Lovell
Publication date: May 2013
Since September 11, 2001, our newspapers have been filled with the ‘war on terror’; our governments have mobilised their resources for ‘homeland security’; and people everywhere are braced for more terrorist attacks.
Yet while the new threat is genuine, we must not lose sight of the continuing security concerns in the Asia-Pacific. Tensions persist on the Korean peninsula, in the Taiwan Straits and the South China Sea, and in Kashmir. The region is well supplied with weapons of mass destruction and may face an arms race, and there are a range of pressing human security issues. Likewise, the strategic realities of the region remain linked with US power, and with the emergence of China as a key regional player.
The book examines the developing strategic relationships in the region, and clarifies the dilemmas for Australian policy-makers as they try to balance genuine engagement with the region against a long-standing and valued alliance with the United States.
Emerging from discussions between the Shanghai Institute for International Studies and the University of New South Wales at ADFA, Asia-Pacific Security has a particular relevance for foreign-policy professionals and scholars of the region.
Printed copies of this book may be ordered from ISEAS publishing.
East Asia Forum Quarterly: Volume 5, Number 1, 2013 »
Publication date: March 2013
East Asia Forum Quarterly grew out of East Asia Forum (EAF) online, which has developed a reputation for providing a platform for the best in Asian analysis, research and policy comment on the Asia Pacific region in world affairs. EAFQ aims to provide a further window onto research in the leading research institutes in Asia and to provide expert comment on current developments within the region. The East Asia Forum Quarterly, like East Asia Forum online, is an initiative of the East Asia Forum (EAF) and its host organisation, the East Asian Bureau of Economic Research (EABER) in the Crawford School of Economics and Government in the College of Asia & the Pacific at The Australian National University.
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APEC and liberalisation of the Chinese economy »
Edited by: Peter Drysdale, Zhang Yunling, Ligang Song
Publication date: December 2012
“China is so large that its trading interests and influence are global. But its interests are disproportionately powerful in its immediate Western Pacific and Asia Pacific partners. The evolution of China’s economic relationships with its Asia Pacific partners, in which APEC came to play a significant role in the 1990s, is thus a central part of the story of China’s rapidly growing and changing interaction with the global economy.”
- Ross Garnaut
APEC is an important forum through which China can demonstrate its commitment to economic openness. APEC has also been an important vehicle for China’s trade liberalisation on the way towards accession to the WTO.
In facilitating trade liberalisation, APEC and the WTO are mutually reinforcing. APEC prepares China for the WTO and WTO accession encourages China’s active participation in the APEC process. Both APEC membership and WTO accession help with the huge task of China’s domestic reform.
This book sets out China’s strategic interests in APEC in the lead-up to the APEC summit in Shanghai in 2001. Contributors include leading Chinese economists from the APEC Policy Research Centre in the Chinese Academy of Social Sciences–Zhang Yunling, Zhang Jianjun, Sun Xuegong, Li Kai, Chen Luzhi, Zhou Xiaobing, Zhao Jianglin–and from the Asia Pacific School of Economics and Management at The Australian National University–Peter Drysdale, Ligang Song, Ross Garnaut, Christopher Findlay, Andrew Elek, Yongzheng Yang, Yiping Huang, K.P. Kalirajan, Hadi Soesastro and Chen Chunlai.
This work, originally published by Asia Pacific Press, is reproduced here in the interests of maintaining open access to high-quality academic works no longer in print.
China 2002 »
WTO entry and world recession
Edited by: Ross Garnaut, Ligang Song
Publication date: December 2012
In 2002 China enters the WTO. Long awaited by the world’s trading economies, it now comes in a year of global recession. What effect will China’s entry into the WTO have at a difficult time? The rapid expansion of China’s trade has required large adjustment in its trading partners, and the expansion and adjustment will accelerate with WTO entry. The internal adjustment pressures in China from WTO entry are also immense.
Recently dubbed Australia’s Ambassador to the region by Rowan Callick of the Financial Review, Ross Garnaut was Australia’s ambassador to China through an earlier exciting period when China took its first major steps towards opening to international trade and investment. He was instrumental in the development of China’s thinking about the WTO.
Ross Garnaut is Chairman of the China Economy and Business Program at The Australian National University. Australian members of the Program and their associates gather each year for the China Update.
Ligang Song is leading authority on the internationalisation of the Chinese economy and on the development of the private sector in China. He has worked at Peking University and People’s University in Beijing and at the International University in Tokyo.
This work, originally published by Asia Pacific Press, is reproduced here in the interests of maintaining open access to high-quality academic works no longer in print.
China: New Engine of World Growth »
Edited by: Ross Garnaut, Ligang Song
Publication date: December 2012
Twenty-five years of reform have transformed China from a centrally planned and closed system to a predominantly market-driven and open economy. As a consequence, China is emerging as the new powerhouse for the world economy. China: new engine for world growth discusses the impact and significance of this transformation. It points out risks to the growth process and unfinished tasks of reform. It presents conclusions from recent research on growth, trade and investment, the financial sector, income and regional disparities, industrial location and private sector development.
This work, originally published by Asia Pacific Press, is reproduced here in the interests of maintaining open access to high-quality academic works no longer in print.
China: Twenty Years of Economic Reform »
Edited by: Ross Garnaut, Ligang Song
Publication date: December 2012
China: Twenty Years of Reform outlines the experiences of China over the past two decades. It highlights the processes of reform, successes achieved, and problems faced during the economic transition.
“China, and its relations with the international community, have been transformed. China’s economy has expanded five times, and its foreign trade by twelve. It has greatly increased consumption levels of what had been about half of the world’s people in poverty.”
- Ross Garnaut
“Tremendous progress has been made over the past twenty years, but much more needs to be done in setting up a more open, efficient and transparent trade system, in line with the requirements of the WTO.”
- Ligang Song
“Radical reform is neither in China’s tradition, nor is it an easy task. Given the difficulties of the reform task and the structure of the political economy, it will probably take a few more years for China to accomplish SOE reform and reforms in other areas.”
- Yiping Huang
“The most remarkable aspect of China’s agricultural reform was it’s “spillover” effect. Non-agricultural activities in rural China sprang up immediately after the reforms began—the gross output value of TVEs grew at 24 per cent per annum from 1978 to 1995 and employment grew at 9 per cent per annum.”
- Yongzheng Yang
This work, originally published by Asia Pacific Press, is reproduced here in the interests of maintaining open access to high-quality academic works no longer in print.
Dilemmas of China's growth in the Twenty-First Century »
Edited by: Ligang Song
Publication date: December 2012
Since economic reforms began in 1978, China has been a focal point for observing the effects of market liberalisation. China has not only truly become one of the ‘emerging giants’ in the world economy but also provided a successful example for transition from a centrally-planned to a market economy. Thus, there is a keen interest about what lies ahead for such a significant economic player. Dilemmas of China’s Growth in the Twenty-First Century is a comprehensive treatment of China’s economic achievements to date and prospects for the twenty-first century. Covering topics as diverse as economic stability and growth sustainability, WTO membership and its implications, income disparity, agricultural policy, trade and investment prospects, Dilemmas of China’s Growth in the Twenty-First Century is a powerful work and essential guide to the latest trends and prospects for the Chinese economy.
This work, originally published by Asia Pacific Press, is reproduced here in the interests of maintaining open access to high-quality academic works no longer in print.