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Regular version of the site

China’s Economic Transformation part 1: Economic Reform and Growth in China

2021/2022
Academic Year
ENG
Instruction in English
3
ECTS credits
Course type:
Elective course
When:
2 year, 1 module

Instructor

Course Syllabus

Abstract

This course will examine in detail the reforms that have contributed to China’s economic development and the current challenges facing the Chinese economy. Students will learn how China has evolved from being one of the world’s poorest countries, saddled with an inefficient, inward-looking economy to the world’s largest trading nation, contributing more to global economic growth than any other nation. Online course “China’s Economic Transformation Part 1: Economic Reform and Growth in China” at Cousera platform https://www.coursera.org/learn/econtransform1#
Learning Objectives

Learning Objectives

  • To learn how China has evolved from being one of the world’s poorest countries to the world’s largest trading nation
Expected Learning Outcomes

Expected Learning Outcomes

  • Be able to explain the importance of different sources of economic growth during different periods since 1978
  • Be able to assess the extent to which China has integrated itself into the global economy and the consequences of such integration for China and other countries
  • Be able to explain how features of China’s fiscal and financial systems have impacted development outcomes
  • Know and understand the origin and consequences of China’s key economic reforms since 1978;
  • Be able to critically assess the economic and policy challenges facing China going forward
Course Contents

Course Contents

  • China’s Gradualist Reforms
    In this chapter, students will be introduced to China's gradualist reforms. Topics: 1) Institutional Change 2) Reform Overview 3) Decollectivization of Agriculture 4) The Rise and Fall of Township and Village Enterprises (TVEs) 5) The Problem of State-owned Enterprises
  • Fiscal and Financial System Reform
    In this chapter, students will focus on China's fiscal and financial system reform. Topics: 1) Fiscal Decentralization: Pros and Cons 2) Reforming the Fiscal System 3) The Soft Budget Constraint 4) Reforming the Financial System 5) Shadow Banking: Threat or Opportunity?
  • Globalization: Trade and Foreign Direct Investment
    In this chapter, students will focus on China's trade and foreign direct investment. Topics: 1) International Trade: Performance and Policies 2) Trade and Development 3) Foreign Direct Investment 4) China’s Outbound Foreign Direct Investment 5) Internationalization of the Renminbi
  • Governance and Current Challenges
    In this chapter, students will focus on China's governance and current challenges. Topics: 1) China’s Governance Puzzle 2) Incentivizing Local Leaders 3) Economic Challenges 4) Rebalancing Growth 5) Challenge of Rising Wages
  • Economic Growth and Structural Change
    In this module, students will focus on China's economic growth and structural change. Topics: 1) Sources of Growth 2) Structural Change 3) Resource Misallocation 4) Productivity Growth
Assessment Elements

Assessment Elements

  • non-blocking Test
  • non-blocking Final exam
  • non-blocking Test from the online course
Interim Assessment

Interim Assessment

  • Interim assessment (1 module)
    0.4 * Final exam + 0.3 * Test + 0.3 * Test from the online course
Bibliography

Bibliography

Recommended Core Bibliography

  • Kroeber, A. R. . V. (DE-588)1099120861, (DE-627)857831895, (DE-576)46922164X, aut. (2016). China’s economy what everyone needs to know Arhtur R. Kroeber.
  • Naughton, B. V. (DE-588)12842818X, (DE-627)372661998, (DE-576)173362117, aut. (2018). The Chinese economy adaptation and growth Barry Naughton.

Recommended Additional Bibliography

  • Gewirtz, J. V. (DE-588)1124106081, (DE-627)877831475, (DE-576)482308451, aut. (2017). Unlikely partners Chinese reformers, Western economists, and the making of global China Julian Gewirtz.
  • Zhengping, C. (2014). A Brief History of Finance in China. [Place of publication not identified]: Paths International Ltd. Retrieved from http://search.ebscohost.com/login.aspx?direct=true&site=eds-live&db=edsebk&AN=838949