The Chinese Economy: Transitions and Growth Barry Naughton
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Of course, there are frictions, so the transition to the new growth model could reduce growth temporarily. This represents the robustness of Chinese rural families as a cultural institution. As China accumulated economic and strategic clout, its neighbors benefited from its rapid GDP growth, which spurred their own economies. Access to excess global capital to rebuild America. We are stuck in a The answer to the first challenge lies in the transition to an investment- and production-led economic growth strategy that leverages U.S. Europe (i.e., Szelényi 1988), our findings share the view that in rural areas of transition economies, peasant entrepreneurship inherited from the pre-Revolutionary era The Chinese Economy: Transition and Growth. The result of the debt bust and additional complicating factors is that there is no single economic growth engine akin to the U.S. Economy in the late 1990s (post-Asian crisis) or the Chinese economy (post 2008-09) to pull the world economy out of its malaise. Lardy, an authority on China and its economy, about his book “Sustaining China's Economic Growth After the Global Financial Crisis.” Rebalancing would thus change the sources of demand but not necessarily reduce the long-run rate of economic growth. Naughton, Barry (2007), The Chinese Economy: Transitions and Growth. With reference to comparative economic transition, especially in Eastern. Contrary to the conventional wisdom that China's economic growth has been driven by exports, it is investment that actually contributes the most. Basic unit of economic activity.