China’s Economic Transformation part 1: Economic Reform and Growth in China
- To learn how China has evolved from being one of the world’s poorest countries to the world’s largest trading nation
- 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
- China’s Gradualist ReformsIn 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 ReformIn 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 InvestmentIn 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
- Economic Growth and Structural ChangeIn 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
- Governance and Current ChallengesIn 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
- Interim assessment (1 module)0.4 * Final exam + 0.3 * Test + 0.3 * Test from the online course
- 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.
- 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