Policy Discussion Papers in full text
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999
All
|
Free Email Notification
Receive emails when we post new
items of interest to you.
Subscribe or
Modify your profile
|
|
|
|
Modernizing China's Growth Paradigm
|
Author/Editor: |
Prasad, Eswar | Rajan, Raghuram |
| Authorized for Distribution: |
March 1, 2006 |
|
Electronic Access: |
Free Full Text (PDF file size is 90KB)
Use the free Adobe Acrobat Reader to view this PDF file.
|
|
|
|
Disclaimer: This Policy Discussion Paper should not be reported as representing the views of the IMF. The views expressed in this Policy Discussion Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Policy Discussion Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.
|
|
Summary: China has achieved tremendous economic progress in the last three decades, but there is much work to be done to make the economy resilient to large shocks, ensure the sustainability of its growth, and translate this growth into corresponding improvements in the economic welfare of its citizens. We discuss the complex challenges that Chinese policymakers face in striking the right balance in terms of speed and coordination of reforms. We argue that China's current stage of development, along with its rising market orientation and increasing integration with the world economy, may make the incremental and piecemeal approaches to reforms increasingly untenable and, in some cases, could even generate risks of their own. The present favorable domestic and external circumstances provide an excellent window of opportunity for bolder reforms and for tackling some deep-rooted problems without causing much economic disruption.
|
|
|
|
Series: |
Policy Discussion Paper No. 06/03 |
|
Subject(s): |
Economic growth | China | Economic reforms |
|
|
|
|
| |
Published: |
|
March 1, 2006 |
|
|
|
|
| |
|
|
|
|
Format: |
|
Paper |
| |
Stock No: |
|
PPIEA2006003 |
|
Pages: |
|
14 |
| |
Price: |
|
US$15.00
|
|
|
|
|
|
|
