China's march to prosperity : reforms to avoid the middle-income trap / Vincent Koen; Richard Herd; Sam Hill
Contributor(s): Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: OECD. OECD Economics Department working papers ; 1093Publisher: Paris : OECD, Economics Dep., 2013Description: Online-Ressource (36 S.) : graph. DarstSubject(s): Genre/Form: DOI: DOI: 10.1787/5k3wd3c4219w-enOnline resources: Summary: China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to sustain vigorous growth and improve the well-being of most citizens, renewed reform momentum is required in a number of areas. The following ones are discussed in this paper: financial sector liberalisation; strengthening competition in markets for goods and services; education, research and innovation. Progress is also needed in other areas, notably in fostering more socially-inclusive forms of urbanisation and more environmentally-friendly growth.PPN: PPN: 776581376Package identifier: Produktsigel: ZDB-13-SOC | ZDB-13-SOC-ebookNo physical items for this record
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