To Get Rich is Glorious: Challenges Facing China's Economic Reform and Opening at Forty

China's economic reforms have transformed the country, but it faces daunting challenges in sustaining growth, continuing the unfinished agenda of economic transformation, addressing the adverse consequences of economic success, and dealing with mounting pressure and suspicion from the United States and other long-standing trade and investment partners. Leading experts offer insights into the many difficult issues China now faces, including development of its rural economy, urban industrial policy, public finance, and international trade and investment.

Format: Paperback / softback
Length: 288 pages
Publication date: 30 July 2019
Publisher: Brookings Institution

China's economic reforms, initiated by Deng Xiaoping in 1978, have transformed the country into a global economic powerhouse. Over the past four decades, these reforms have removed institutional and policy obstacles, tapped China's vast labor and entrepreneurial talent, and opened the country to foreign capital and investment. China has become a more high-tech and service-based economy, with the world's second-largest economy. However, China faces significant challenges in sustaining growth, continuing the unfinished agenda of economic transformation, addressing the adverse consequences of economic success, and dealing with mounting pressure and suspicion from the United States and other long-standing trade and investment partners. China's current leader, Xi Jinping, is determined to make his own lasting mark on the country and its effort to become a leading global power. In this book, leading experts offer insights into the many difficult issues China now faces, including development of its rural economy, urban industrial policy, public finance, and international trade and investment. The authors draw on perspectives from economics, political science, and policy analysis to provide historical context, draw lessons from four decades of reform in China, and analyze the difficulties for China's economy as the country enters middle age. China's economic reforms have been a remarkable success story, transforming the country into a global economic powerhouse. However, China faces significant challenges in sustaining growth, continuing the unfinished agenda of economic transformation, addressing the adverse consequences of economic success, and dealing with mounting pressure and suspicion from the United States and other long-standing trade and investment partners. China's current leader, Xi Jinping, is determined to make his own lasting mark on the country and its effort to become a leading global power. In this book, leading experts offer insights into the many difficult issues China now faces, including development of its rural economy, urban industrial policy, public finance, and international trade and investment. The authors draw on perspectives from economics, political science, and policy analysis to provide historical context, draw lessons from four decades of reform in China, and analyze the difficulties for China's economy as the country enters middle age.

Weight: 442g
Dimension: 155 x 229 x 19 (mm)
ISBN-13: 9780815737254