China's structural transformation: what can developing countries learn?

This book explores the Chinese economic miracle through a series of studies on macroeconomic and finance, industrial development, international trade, and the digital economy. It benefits from discussions at workshops and webinars with partner organizations and key actors.

Format: Paperback / softback
Length: 99 pages
Publication date: 12 May 2022
Publisher: United Nations

This comprehensive volume aims to shed light on the enigmatic Chinese economic miracle through a series of in-depth studies. It delves into various complementary policy domains that offer crucial insights into China's remarkable growth trajectory, including macroeconomic and finance, industrial development, international trade, and the digital economy. The book has garnered significant benefits from engaging discussions held during two international workshops in Beijing and Jakarta in 2019, as well as numerous webinars organized in close collaboration with partner organizations such as China's Development and Research Center (DRC), China's Academy of International Trade and Economic Cooperation (CAITEC), Indonesia's Institute for Development of Economics and Finance (INDEF), Ethiopia's Policy Study Institute (PSI), and Sri Lanka Information and Communication Technology Agency (ICTA). These workshops and webinars brought together key stakeholders from public institutions, academia, and the private sector, fostering robust exchanges and fostering a deeper understanding of China's economic success.

The macroeconomic and finance domain explores the intricate interplay between government policies, monetary frameworks, and economic growth. It examines the role of fiscal policies, monetary stimulus measures, and regulatory frameworks in fostering stability, promoting investment, and stimulating economic activity. The book also sheds light on the development of China's financial system, including the establishment of state-owned banks, the introduction of market-oriented reforms, and the growth of private financial institutions.

The industrial development sector examines China's remarkable transformation from a predominantly agricultural economy to a global manufacturing powerhouse. It explores the policies and initiatives that have led to the rapid expansion of industries such as manufacturing, technology, and infrastructure. The book discusses the role of government investment, technological innovation, and trade policies in shaping China's industrial landscape and fostering its competitiveness in the global market.

The international trade and the digital economy domains delve into China's role in the global economy. It examines China's participation in international trade, including its exports, imports, and trade relations with other countries. The book also explores the impact of digital technologies on China's economy, including the rise of e-commerce, fintech, and the Internet of Things. It examines the challenges and opportunities that arise from China's integration into the global digital economy and the strategies that it has adopted to navigate this complex landscape.

Overall, this volume provides a comprehensive and insightful examination of the Chinese economic miracle. It offers valuable insights into the policy areas that have contributed to China's rapid growth trajectory and sheds light on the challenges and opportunities that China faces in the future. The book is a valuable resource for scholars, policymakers, and business professionals interested in understanding China's economic development and its global impact.

Dimension: 300 (mm)
ISBN-13: 9789211130379