Flassbeck - China Spectacular Growth

Flassbeck - China Spectacular Growth - UNITED NATIONS...

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UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT GENEVA C HINA IN A G LOBALIZING W ORLD U NITED N ATIONS New York and Geneva 2005
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China in a Globalizing World ii NOTE The views expressed in this book are those of the authors and do not necessarily reflect the views of the UNCTAD secretariat. The designations employed and the presentation of the material do not imply the expression of any opinion whatsoever on the part of the Secretariat of the United Nations concerning the legal status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries. * * * Material in this publication may be freely quoted; acknowledgement, however, is requested (including reference to the document number). It would be appreciated if a copy of the publication containing the quotation were sent to the Publications Assistant, Division on Globalization and Development Strategies, UNCTAD, Palais des Nations, CH-1211 Geneva 10. UNCTAD/GDS/MDPB/2005/1 UNITED NATIONS PUBLICATIONS Sales No.E.05.II.D.23 ISBN 92-1-112683-5 Copyright ©United Nations, 2005 All rights reserved
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China in a Globalizing World iii FOREWORD China’s impressive economic achievements over the past two decades have made its development experiences quite distinct from those of many other economies. Its robust economic growth has dramatically reduced poverty, making it the most important driving force towards achieving the United Nations Millennium Development Goal of halving world poverty by 2015. The speed of China’s progression from a low-income and populous country to a global economic force has taken many analysts by surprise. Academics and policy-makers in the developed and developing world have therefore been examining the “China phenomenon” and its impact on regional and world economies. They have analysed key issues such as the factors and determinants of China’s catching-up strategy, how the Chinese model differs from previous development models, and the extent to which other developing countries might emulate the Chinese economic model and the impact of China’s economic growth on regional and world economies. In China itself, policy-makers are asking themselves how the country’s rapid economic growth can be sustained; how welfare benefits for the Chinese population can be enhanced; how to close the considerable remaining gap between China and the world’s leading economies within the shortest possible time; and how to redress socioeconomic inequality within the country. China is fully aware that it faces a number of development challenges: external pressure on currency revaluation is mounting; financial reform is far from complete; existing bottlenecks risk slowing down rapid growth; income inequality is proving difficult to redress; and a social safety net has yet to be established.
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China in a Globalizing World iv It was against this backdrop of domestic and international policy development research that the Ministry of Commerce of China
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This note was uploaded on 09/25/2010 for the course ECO IntEco taught by Professor Andre during the Spring '06 term at UFRGS.

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Flassbeck - China Spectacular Growth - UNITED NATIONS...

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