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From the Demographic Dividend to the Open Dividend

In: Understanding China's Economy

Author

Listed:
  • Fang Cai

    (Chinese Academy of Social Sciences)

Abstract

As western politics turns towards populism, protectionism is flourishing and globalization has fallen out of fashion. China took full advantage of the opportunities presented by the last round of globalization when it was still in its dual economy development stage, and achieved high speed economic growth and the sharing of the proceeds of this growth. The size of China’s economy and its potential consumer power endows it with the advantage of holding the balance of power in the global economy. It should thus be proactive and drive through the next round of globalisation, and thereby simultaneously reap a far reaching openness dividend.

Suggested Citation

  • Fang Cai, 2021. "From the Demographic Dividend to the Open Dividend," Springer Books, in: Understanding China's Economy, chapter 0, pages 253-269, Springer.
    • Handle: RePEc:spr:sprchp:978-981-33-6322-9_15
    DOI: 10.1007/978-981-33-6322-9_15
    as

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