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China and the Global Economy: Medium-term Issues and Options - A Synthesis Report

Author

Listed:
  • Edwin Lim
  • Michael Spence
  • Ricardo Hausmann

    (Harvard's Growth Lab)

Abstract

China’s economic and social achievements since the beginning of reform and opening are unprecedented in global history. Managing the growth process in this continuously changing environment has required great skill and the use of unconventional economic policy. Now China has entered a new era in its development process with a set of challenges largely different from those of the recent past. Some problems - such as growing internal and external structural imbalances, increasing income and regional inequality – have arisen from, or been exacerbated by, the very pattern and success of high growth since reforms began. Others are newly posed by rapid changes in the global economy. These challenges can best be tackled in an integrated and coordinated fashion. This report, supported by the China Economic Research and Advisory Programme (CERAP), identifies the primary challenges facing China today and presents options for meeting them.

Suggested Citation

  • Edwin Lim & Michael Spence & Ricardo Hausmann, 2006. "China and the Global Economy: Medium-term Issues and Options - A Synthesis Report," CID Working Papers 126, Center for International Development at Harvard University.
    • Handle: RePEc:cid:wpfacu:126
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    File URL: https://www.hks.harvard.edu/sites/default/files/centers/cid/files/publications/faculty-working-papers/126.pdf
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    Citations

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    Cited by:

    1. Philip R. Lane & Sergio L. Schmukler, 2006. "The international financial integration of China and India," Proceedings, Federal Reserve Bank of San Francisco, issue Jun.
    2. Jean-Paul Fitoussi & Francesco Saraceno, 2008. "The intergenerational content of social spending : health care and sustainable growth in China," SciencePo Working papers Main hal-00972963, HAL.
    3. L. Alan Winters & Shahid Yusuf, 2007. "Dancing with the Giants: China, India, and the Global Economy," World Bank Publications - Books, The World Bank Group, number 6632.
    4. repec:hal:wpspec:info:hdl:2441/6741 is not listed on IDEAS
    5. Yuqing Xing, 2010. "The Yuan’s Exchange Rates and Pass-through Effects on the Prices of Japanese and US Imports," Working Papers id:3130, eSocialSciences.
    6. Prema‐chandra Athukorala, 2009. "The Rise of China and East Asian Export Performance: Is the Crowding‐Out Fear Warranted?," The World Economy, Wiley Blackwell, vol. 32(2), pages 234-266, February.
    7. Philip Lane & Sergio Schmukler, 2007. "The Evolving Role of China and India in the Global Financial System," Open Economies Review, Springer, vol. 18(4), pages 499-520, September.
    8. repec:hal:spmain:info:hdl:2441/6741 is not listed on IDEAS
    9. Robert Lafrance, 2008. "China's Exchange Rate Policy: A Survey of the Literature," Discussion Papers 08-5, Bank of Canada.
    10. repec:spo:wpmain:info:hdl:2441/6741 is not listed on IDEAS
    11. Yuqing Xing, 2010. "The Yuan’s Exchange Rates and Pass-through Effects on the Prices of Japanese and US Imports," Trade Working Papers 22802, East Asian Bureau of Economic Research.
    12. repec:spo:wpecon:info:hdl:2441/6741 is not listed on IDEAS

    More about this item

    Keywords

    China; global economy; macro-management; financial imbalances; exchange-rate regime;
    All these keywords.

    JEL classification:

    • O20 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - General

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