Fang Cai Livres

Focusing on China's economic transformation from 1978 to 2011, the book delves into the nation's strategies for avoiding the middle-income trap and achieving remarkable growth. It examines the "impossible triangle" concept, urbanization dividends, and the shift from demographic to reform dividends following the Lewis turning point. The author emphasizes the need to enhance total factor productivity for sustained growth, providing insights into the complexities of the Chinese economy and addressing common misconceptions about its development.

This book explains why China’s opening-up policy can boost the rapid growth of its economy. Based on concrete facts and economic logic, it offers a brief introduction to the history of China’s successful development, which has unprecedentedly helped improve people’s lives and community welfare over the past 30 years. In light of the newly emerging problems, the author assesses the different stages of China’s economic development and new challenges, illustrating how the country’s sustainable growth could be achieved through further reforms so as to complete the transition from a middle-income to high-income country. He moves on to discuss the lessons learned from China’s experiences and summarizes their significance for other developing countries, while also clarifying popular misconceptions such as the “China Menace” and “Theory of China’s Collapse.” Taking the logic of economic development as a basis and employing economic norm analysis methods, the book describes China’s economic miracle in plain but vivid language and attempts to enrich the economic development theory through China’s experience.

Focusing on China's long-term economic development, this collection features 14 papers that delve into the author's observations and analyses from a demographic viewpoint. The work offers insights into how demographic factors influence economic trends and policies, providing a unique lens through which to understand the complexities of China's growth.

The book explores the challenges of economic growth linked to demographic transitions and related livelihood issues, emphasizing policy implications. It offers theoretical analysis alongside international insights and targeted policy recommendations. Key strategies include a three-pronged approach combining competition, industrial, and social policies to enhance productivity and innovation. By leveraging China's vast market advantages and fostering domestic and international economic cycles, the book aims to facilitate a higher level of development.

The analysis delves into China's economic operation and Xi Jinping's development thoughts in the new era, structured into six parts. It outlines guiding principles of socialism's political economy, explores epistemology and methodology, and examines the dynamics of economic development in a new normal context. The book discusses the motivations and measurements for development under a new concept, the pathway to a modern economic system, and highlights China's contributions to global governance and development through its unique wisdom and solutions.

The book explores significant transformations in the Chinese economy, highlighting the impending Lewis Turning Point marked by the vanishing surplus labor and rising wages for unskilled workers. It discusses the implications of an aging population on economic growth and the resulting employment challenges, urbanization, and regional development. Additionally, it addresses the middle-income trap as a critical issue for China, concluding with policy recommendations for the government. This work is particularly relevant for those studying China's economic and demographic evolution.

We analyze foreigners & rsquo; and domestic institutional investors & rsquo; positions in U.S. equities. Controlling for many factors, we uncover a common preference for large firms and firms that are diversified internationally. The domestic preference for internationally diversified firms implies that investors might obtain substantial international diversification by investing at home. Using an international factor model, we show that exposure to foreign equity markets is indeed greater for domestic firms that are more diversified internationally, suggesting that at least some of the home-grown foreign exposure translates into international diversification benefits. After accounting for home-grown foreign exposure, the share of & lsquo;foreign & rsquo; equities in investors & rsquo; portfolios nearly doubles, reducing (but not eliminating) the observed home bias

Die normative Analyse der Ökonomie wird genutzt, um die Erfolge von Chinas Reform- und Öffnungspolitik der letzten 40 Jahre zu beleuchten. Das Buch zeigt auf, wie diese Politiken ein rasantes Wirtschaftswachstum und eine dynamische Entwicklung ermöglicht haben. Es bietet tiefgehende Einblicke in die wirtschaftlichen Strategien und deren Auswirkungen auf Chinas Aufstieg zur globalen Wirtschaftsmacht.

Chiny. od czasu reform i polityki otwierania, które zapoczątkowane zostały w roku 1978, odniosły ogromny sukces rozwojowy. Co przyczyniło się do tak szybkiego wzrostu gospodarczego Chin? Jaką lekcję można wyciągnąć z tak udanego przykładu, jaki stanowią Chiny? W obliczu jakich wyzwań mogą stanąć Chiny na drodze do zdobywania statusu kraju bogatego? Oto niektóre z kluczowych pytań, które poruszono w książce. Opierając się na faktach i logice gospodarczej, niniejsza książka pokrótce opowiada historię pomyślnego rozwoju Chin, jaki miał miejsce w przeciągu ostatnich 40 lat oraz wyjaśnia, dlaczego reformy i polityka otwierania się Chin przyspieszyły ich dynamiczny wzrost gospodarczy, Biorąc pod uwagę zmianę etapu rozwoju gospodarczego, autor odkrywa pojawiające się wyzwania, przed którymi stoją Chiny w procesie transformacji z kraju o średnich dochodach w kraj o dochodach wysokich. Postuluje, aby w celu utrzymania długoterminowego rozwoju, kraj ten przeszedł z dywidendy demograficznej na dywidendę reform. Dzięki analizie naukowej i nieskomplikowanemu językowi, książka ta przyciągnie nie tylko uczonych i studentów ekonomii czy studiów sinologicznych, ale także czytelników zainteresowanych rozwojem chińskiej gospodarki.