China's March to Prosperity: Reforms to Avoid the Middle-income Trap

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...

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Bibliographische Detailangaben
Beteilige Person: Koen, Vincent 1960- (VerfasserIn)
Weitere beteiligte Personen: Herd, Richard (MitwirkendeR), Hill, Sam (MitwirkendeR)
Format: Elektronisch E-Book
Sprache:Englisch
Veröffentlicht: Paris OECD Publishing 2013
Schriftenreihe:OECD Economics Department Working Papers
Schlagwörter:
Links:https://doi.org/10.1787/5k3wd3c4219w-en
Zusammenfassung: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
Umfang:1 Online-Ressource (36 Seiten) 21 x 29.7cm
DOI:10.1787/5k3wd3c4219w-en