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GEC3701 Past and Present: The Origin of Modern China's Economic Development: Home

Course Description

The orientation of this course is towards China’s economic development in the period of the People’s Republic through the prism of historical and geopolitical contexts. Meanwhile brief consideration will be given to the pre-PRC context of the changes that have taken place during the early modern times. Where appropriate, special emphasis will be placed on the nature, rationale and impact of the economic reforms implemented in China since 1978.

Recommended Books

How Migrant Labor Is Changing Rural China

This book shows the impact of migration on many aspects of rural life- inequality, the organization of agricultural production, land transfers, livelihood diversification, spending patterns, housebuilding, marriage, education, the position of women, social stability, and state-society relations. The book draws on material from household surveys conducted in two villages in Gaocheng township, Wanzai county, material gathered in Xinfeng and Yudu counties to examine the involvement of returned migrants in business, and material from all three countries to examine the plight of migrants who are forced to return home because of ill fortune in the cities or biding obligations at home.

Adam Smith in Beijing: Lineages of the Twenty-first Century

This book focuses on two developments that are shaping world politics, economy, and society. One is the rise and demise of the neo-conservative Project for a New American Century; the other is the emergence of China as the leader of the East Asian economic renaissance. It tracks the global turbulence that preceded and set the stage for the US embrace of the Project for a New American Century and China’s economic ascent, analyzes the Bush administration’s adoption of the Project for a New American Century as a response to these unintended consequences of previous US policies, and deals with the dynamics of China’s ascent.

The Great Divergence: China, Europe, and the Making of the Modern World Economy

The key question the book intends to bring new insight to is: Why did sustained industrial growth begin in Northwest Europe, despite surprising similarities between advanced areas of Europe and East Asia? Pomeranz argues that Europe’s nineteenth-century divergence from the Old World owes much to the fortunate location of coal, which substituted for timber, and trade with the Americas. Meanwhile, the growth in population and in manufacturing in the East Asian hinterlands prevented these peripheral regions from exporting vital resources to the cloth-producing Yangzi Delta. Therefore, while Europe grew along resource-intensive, labor-saving paths, East Asia was forced along labor-intensive, resource-saving paths.

The Chinese Economy: Transitions and Growth

This book provides a comprehensive overview of the modern Chinese economy. The first half covers endowments, legacies, economic systems, and general issues of economic structure, labor, and living standards. The second half covers specific sectors, beginning with agriculture and progressing through industry and technology, foreign trade and investment, and macroeconomics. It analyzes patterns of growth and development, including population growth and the one-child family policy; the rural economy, including agriculture and rural industrialization; industrial and technological development in urban areas; international trade and foreign investment; macroeconomic trends and cycles and the financial system; etc. The final chapter covers the environment and sustainability.

Rising Inequality in China: Challenges to a Harmonious Society

This book examines the evolution of inequality in China from 2002 to 2007, a period when the new harmonious society development strategy was adopted under Hu Jintao and Wen Jiabao. Drawing on original information collected from the most recent two waves of nationwide household surveys conducted by the China Household Income Project, this book provides an overview of recent trends in income inequality and analysis of key factors underlying such trends. Topics covered include inequality in education, changes in homeownership and the distribution of housing wealth, the evolution of the migrant labor market, patterns of work and nonwork, gender and ethnic gaps, and the impacts of public policies, etc.

China's Great Economic Transformation

This book provides an integrated analysis of China’s unexpected economic boom of the past three decades. It collects altogether 20 essays, exposing the mechanisms underpinning the origin and expansion of China’s great boom. They track the rise of Chinese capabilities in manufacturing and in reach and development; probe both achievements and weaknesses across many sectors including China’s fiscal, legal, and financial institutions; show how an intricate minuet combining China’s political system with sectoral development, globalization, resource transfers across geographic and economic space; and present partial system reform delivered an astonishing and unprecedented growth spurt. The book finally concludes that China’s economic expansion is likely to continue during the coming decades.

Selling China: Foreign Direct Investment During the Reform Era

The central argument of this book is that FDI inflows into China surged in 1990s because of the combination of some substantial problems in China’s corporate sector and China’s promising macro fundamentals. This book identifies sources of problems in China’s corporate sector, and argues that the primary benefits associated with China’s FDI inflows have to do with the privatization functions supplied by foreign firms in a context of political opposition to an explicit privatization program, venture capital provisions to private entrepreneurs in a system that enforces stringent credit constraints on the private sector, and promotion of interregional capital mobility in a fragmented economy.

China's Political Economy in Modern Times: Changes and Economic Consequences, 1800-2000

This book contributes to the study of changes in China’s institutions and their impact on the national economy, as well as ordinary people’s daily material life from 1800 to 2000. The benchmark used by the author is people’s entitlement and mundane day-to-day material well-being. Part One deals with China’s state-building experience from the late Qing to the recent reforms, tackling the issues of state-builders’ motives, behavioral patterns and impacts. Part Two assesses economic performance and people’s entitlement and living standards under the shadow of state-building. The final chapter concludes that state-building was the prime mover in China’s modern history.

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