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Arthur R. Kroeber
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China's Economy: What Everyone Needs to Know® [Lingua inglese] Copertina flessibile – 28 aprile 2016

Edizione Inglese di Arthur R. Kroeber (Autore)
4,5 4,5 su 5 stelle 571 voti
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China's Economy: What Everyone Needs to Know®
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China is on track to exceed the United States as the world's largest economy in the next several years. It is already the leading global trading nation. Even though its growth rate has recently slowed from years past, China has had the fastest yearly growth rate of any country for much of the last three decades.

In China's Economy: What Everyone Needs to Know, Arthur Kroeber offers an overview of the highlights of China's development since economic reforms were initiated under Deng Xiaoping in 1979. He argues that manufacturing, agricultural change, and construction reoriented the economy in the 1980s and 1990s through state-owned enterprises, private entrepreneurship, and foreign investment. Those shifts unleashed perhaps the largest migration ever in world history from rural areas to urban centers, accompanied by a no less unprecedented expansion of infrastructure. Changes in the country's fiscal and financial systems vastly increased China's monetary holdings from the 1990s onwards, leading to the country's strategic holding of more U.S. debt than any other nation. Kroeber also examines economic growth as it has been experienced by Chinese workers and consumers, including the mounting problems of income and wealth inequality, corruption, and environmental degradation. Kroeber ultimately turns to the consequences of Chinese economic growth: its decisive impact on the world economy, its visible and challenging resource extraction from Africa and Latin America, and its increasing engagement with global economic institutions.
Previous page
  1. Parte della serie
    What Everyone Needs To Know?
  2. Lunghezza stampa
    336 pagine
  3. Lingua
    Inglese
  4. Editore
    Oxford University Press
  5. Data di pubblicazione
    28 aprile 2016
  6. Dimensioni
    20.83 x 2.54 x 13.72 cm
  7. ISBN-10
    0190239034
  8. ISBN-13
    978-0190239039
  9. Visualizza tutti i dettagli
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Descrizione prodotto

Recensione

For everyone who is interested in China as the biggest story of economic growth of all times or deoes business there, Kroeber provides an excellent, factual and often surprising presentation of China's development ― TreasuryLog

Arthur Kroeber's book brings rigour to the debate ... A longtime China analyst now managing an independent research firm, he launches an assault, albeit courteously worded, on conventional wisdom from the two opposing camps. What emerges is a nuanced take on an economy facing serious challenges, ones that do not spell its collapse but could prove intractable all the same ― Economist

L'autore

Arthur R. Kroeber is Nonresident Senior Fellow of Foreign Policy at Brookings-Tsinghua Center. Kroeber focuses on China's political economy and its engagement with global economic institutions. He is managing director of GaveKal Dragonomics, an independent global economic research firm, and editor of its journal China Economic Quarterly. He is based in Beijing, where he has lived since 2002. Before joining Dragonomics, Kroeber worked for 15 years as a financial journalist and economic analyst in China, Taiwan and India. He has written for Foreign Policy, Economist, Far Eastern Economic Review, Fortune, and Wired and is a contributor to the opinion pages of Financial Times, Wall Street Journal and Washington Post. He is a member of the National Committee on United States-China Relations, the Fernand Braudel Institute of International Economics and the board of the Research Center for Chinese Politics and Business at Indiana University.

Dettagli prodotto

  • Recensioni dei clienti:
    4,5 4,5 su 5 stelle 571 voti

Informazioni sull'autore

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Arthur R. Kroeber

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Recensioni clienti

4,5 su 5 stelle
4,5 su 5
571 valutazioni globali

Recensioni migliori da Italia

Carlo Becchi
5,0 su 5 stelle il sistema cinese
Recensito in Italia il 26 agosto 2021
Acquisto verificato
Direi che si tratta di una critica oggettiva e mlto acuta del sistema cinese, forse con qualche ripetizione ma con una notevole quantità di dati importanti. La Cina si è risollevata dalle angherie subite dagli inglesi nel
800, ma c'è qualche problema con Xi Jinping.
Utile
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Utente Amazon
5,0 su 5 stelle 5/5
Recensito in Italia il 5 settembre 2018
Acquisto verificato
Brilliant. The author demonstrates that he’s very expert in China’s Economy.
Utile
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Gabriele Scarmagnani
1,0 su 5 stelle Qualità
Recensito in Italia il 11 novembre 2022
Acquisto verificato
Il libro è arrivato in pessime condizioni, probabilmente non è nuovo
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Le recensioni migliori da altri paesi

Traduci tutte le recensioni in Italiano
Jay
5,0 su 5 stelle Easy reading
Recensito in Francia il 10 giugno 2021
Acquisto verificato
Best book i have ever read regarding China's economy
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Zaid Shaikh
5,0 su 5 stelle A Must Read for those who want to see how fascinating China's Economy is
Recensito in India il 31 maggio 2021
Acquisto verificato
Amazing Book! Credit where Credit is Due...China is a genius. Reading this book made me left, if there was anyone even half or a quarter as Capable as Dang things would have been so different in India.
All my life I grew up, hearing we are China's competitor. But I don't think so. I guess China is Competing with US and the whole west. it is an Authoratarian Regime, but the way they handle their economy is liberal, progressive and they adapt & change. And are very practical.
Idk why we say we are China's competitor, we are clearly not. Not even close. This is a fascinating and well written book. A Must read for those who keep saying Oh we are poor because "Population".

A Country that provides pensions to it's farmers is just next level.

Well there are pros cons too but the best part is China knows it's Cons. They realise it and like you will see throughout the book, they have improvised, improve, evolved, when it was really needed.

And their organization and the SOE vs Local Govt structure is amazing.

A Must read!
2 persone l'hanno trovato utile
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George Fulmore
5,0 su 5 stelle Great Overview of Chinese Miracle
Recensito negli Stati Uniti il 1 marzo 2019
Acquisto verificato
This is great book if you want to have a better understanding of how China did what it did over the past 50 years. The book is easy to read, for the most part, and provides some very frank insights into the positives and negatives of what has gone on in China since 1979.
The author lived in Bejing for more than 10 years, as a background to writing this 2016 book, which tells the story of how China got to where it is today, and where it is headed.
The author concentrates on Chinese history over the past 50 years, when, in 1979, Deng Xiaoping started what the author calls the “reform era.” This was 23 years after capitalism was banned in China.
In 1979, China’s economy was way behind its neighbors: Japan, South Korea and Taiwan. Japan at that time had the second largest economy in the world. China had a lot of catching up to do.
Agriculture at that time was the biggest industry in the country. It was concentrated in the countryside, which was overpopulated and impoverished, per the author. Only about 18 percent of Chinese people lived in cities at that time. Xiaoping ended the agricultural communes. He saw that the land was returned to individual landowners. Infrastructure was dramatically improved in rural areas. The first 10 years of the reform era was dedicated to the countryside. Rapid gains in income and prosperity there followed, but so did inequality.
Migration to the cities was prohibited at that time, but the government, under Xiaoping, began to switch the efforts of reform to the cities, where there was also growing inequality. By the 2000s, the goal of the government was to move as many people off the farms into urban areas. By 2013, 53 percent of China’s population lived in cities.
Large plots of rural land were bought by local governments for the development of cities. But much of these transfers being viewed as unjust, as the farmers could not control the prices for their land.
Per the author, “China’s emergence as a great industrial and exporting power is one of the truly world-changing events of the last two decades.” By 2014, China had become the second most powerful nation, economically. In 2009, it became the largest export nation in the world. A primary reason for these accomplishments was that the government concentrated on building ports, roads, powerplants, and electrical networks as a base of infrastructure.
But the author also says, “the confluence of historical advantages, good luck and good policy produced an unusually powerful economy.” He also sites low labor costs in the mix. Special economic zones attracted foreign investment. Many Hong Kong factories simply relocated to the Chinese mainland, and most of the imports were shipped out of Hong Kong. The focus was on labor-intensive light industry that produced cheap textile goods and cheap consumer goods for export, at the expense of the production of domestic consumer goods.
As this second part of the reform era stabilized, investment in housing and heavy industry was added. By 2014, China was producing half of the world’s steel. This gave the country the ability to invest billions of dollars in rail lines, roads, airports, ports and pipelines. This would lead to the development of automotive, chemical, shipbuilding, machinery and other large-scale industries.
Urban housing was privatized in the 1990s. Previously, it was controlled by the factories for their workers. But the government gave residents the option to buy their units in the early 2000s, via process that made those who controlled urban housing relatively wealthy.
There can be no denying the huge number of urban poor who remain in Chinese cities. Says the author, “China has done a good job of urbanizing jobs, but a bad job of urbanizing people.” There is an oversupply of high-end housing, and an undersupply of affordable housing. There is also an estimated 100 million of migrant workers in China. And, says the author, “the government has done very little to address individual income inequality.”
But it is equally true, he says, that “China’s economic growth since the 1980s has lifted hundreds of millions of people out of poverty. This is a great achievement.”
The author goes through the history and organizational structure of State Owned Enterprises (SROs). He says that, today, the SROs tend to be concentrated in the heavy-industry sectors. He says that many studies show that private firms outperform the SROs and that the continued conversion of SROs to private firms must continue for China’s economy to keep growing at a rapid pace. He says that China is burdened with debt from the inefficient borrowing of SROs for production that was less and less in demand.
Some other info from the book:
• At present, China has neither a property tax or an individual income tax. Virtually all taxes are paid by companies.
• It is the world’s biggest consumer of energy, and it is just getting started, in many ways.
• It has plenty of coal, and will probably stay dependent on coal for may decades. It is by far the biggest polluter in the world.
• By 2030, China’s urban population will be more than 1 billion.
• By 2050, one of three Chinese will be over the age of 60.
• In 2016, China sold 28 million cars and trucks. In contrast, about 17.5 million were sold that year in the U.S.
• The population of China’s middle class is about the same as the entire population of the U.S.
• Uncontrollable corruption will eventually force the system into either political collapse or economic sclerosis.
• The Communist Party is the gatekeeper of all information that flows into the country.
• China’s increased prosperity is beneficial to the rest of the world.
The author does not see China today as under the control of a dictator, but under the leadership of the Communist Party. He feels that China is highly decentralized and that local areas have a great deal of independence and power, much more than most observers in the outside world perceive. He also feels that China does not “cheat,” except in ways that every industrial country has done during catch-up phases.
Additionally, he says that “solving the social welfare puzzle is essential if China is to bridge the vast gulf of income and social inequality that has arisen as the result of the fast economic growth of the past three decades.”
China is in the process of converting its economy from investment and exports to a domestic consumer economy. Says the author, “Ultimately, though, a more open and less paranoid political system will be required for Chinese society to remain vibrant as it grows older and richer.”
And, a final thought from the author: “There is plenty of room in the world for both the U.S. and the Chinese systems, so long as people on both sides can agree that this peaceful coexistence is a goal worth striving for.
Like I said in the beginning of this review, this is a great book if you want to have a better understanding of how China did what it did over the past 50 years.
In this review, I am just scratching the surface of all the book has to say or offer.
2 persone l'hanno trovato utile
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Adam Carlton
5,0 su 5 stelle Clearly written and balanced take on the history and future prospects for China
Recensito nel Regno Unito il 24 febbraio 2018
Acquisto verificato
This book seems the best modern survey of the Chinese economy. I was interested in whether China is still a planned economy (as Michael Roberts has argued: "Xi takes full control of China’s future") or whether it has reverted to capitalism. I also wanted to get a sense of where the modernisation campaign has got to, and the prospects for coming political change.

Kroeber's book is useful for all these questions. It's incredibly well-informed; about as well-written as any book on Chinese political economy could be; and compelling and astute in its observations. As far as I can gather, despite the remarkable growth in the capitalist sector in recent decades (the powerhouse of the economy), the 'dominant heights' of the economy are still politically controlled by the Communist Party. This includes both the SOEs and some of the larger capitalist companies, where the ownership structure is opaque.

Kroeber argues that China has reached the end of its massive extensional period of growth and is now pivoting to intensive growth, relying on worker upskilling, an enhanced service sector, a further increase in the market sector at the expense of the deadbeat SOEs and Chinese leadership in technological innovation. This process is hard to reconcile with Xi's increasingly authoritarian policies (which are themselves driven by the need to break the power of defenders of 'the old ways'). It seems that another kind of pivot will be needed in the early 2020s if growth on the new course is to be sustained.

Kroeber emphasises that China is still, in terms of GDP per head, a poor country. It will take many decades to catch up with the G7 advanced capitalist countries. This is worth remembering when encountering yet another scaremongering article about the imminent Chinese challenge to American global hegemony.
11 persone l'hanno trovato utile
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Michael Schröder
4,0 su 5 stelle Aktuelle Analyse der chinesischen Wirtschaft
Recensito in Germania il 16 ottobre 2016
Acquisto verificato
Arthur Kroeber bietet eine aktuelle und recht tiefgehende Analyse der chinesichen Wirtschaft. Er greift auf die historischen Entwicklungen in der Zeit nach Maos Tod auf und bezieht sogar die aktuellen wirtschaftspolitischen Ansätze der chinesischen Regierung im Jahr 2016 (Frühjahr) ein. Das Buch hat mir sehr geholfen, die Entwicklung der chinesischen Wirtschaft und der Wirtschaftspolitik zu verstehen.
3 persone l'hanno trovato utile
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