Description
Book SynopsisThis volume presents thirteen chapters prepared by senior researchers and former policy makers on key policy issues confronting China and the West. They focus on the role of the state in economic development, trade issues and the part played by innovation, digitalization and leadership.
In a challenging and rapidly changing world, the book aims to provide not only authoritative analyses and perspectives, but to stimulate further thinking and debates about the common future. Each chapter is in the form of a short policy brief.
China and the West is aimed for policy makers, business leaders, academics and students.
Trade Review'A timely and thought-provoking evaluation of the key policy dilemmas in China and the West. This edited volume, with contributions from leading academics, advances our understanding of topics as diverse as ''murky'' protection, sustainability, artificial intelligence, and local government evaluation.' -- Saul Estrin, London School of Economics, UK
Table of ContentsContents: 1 Introduction 1 Jan Svejnar and Justin Yifu Lin PART I RECENT POLICIES AND PERFORMANCE 2 Path to prosperity: China’s transition to market economy in the last four decades 5 Justin Yifu Lin 3 China’s performance and prospects in the world economy 14 Jan Svejnar 4 The role of the state in economic growth 20 Jacob Lew 5 Reflections on the global financial crisis: a comparison of US and China policies 29 Frank Song 6 Policies for structural reform in China: domestic rebalancing for strong sustainable and inclusive growth within and beyond China 39 Ehtisham Ahmad, Isabella Neuweg, Nicholas Stern and Chunping Xie PART II TRADE, TENSIONS AND DIVISION OF LABOR 7 The potential for cooperation and competition in international trade: recent trade growth and driving factors – a perspective on current global trade tensions 60 Robert Koopman 8 Overview of China–US Economic Disputes in 2018 69 Feng Lu 9 The metabolic nature of changing world order 93 Ping Chen 10 India and China in the context of rising trade tensions in the global economy 112 Arvind Panagariya PART III DIGITALIZATION AND LEADERSHIP 11 The role of innovation and the digital economy: new opportunities and challenges for Chinese, US and European economic policy 120 Edmund Phelps 12 The digitalisation of Europe’s economy 125 Debora Revoltella, Philipp Brutscher and Tessa Bending 13 Prospects for China’s drive for innovation: From the perspective of demographics 135 Jianzhang Liang 14 Evaluation of local leaders in China 148 Chong-En Bai and Eric Maskin Index
