|Why has China been growing so fast in the last three decades? What are the keys to develop a successful business in China? How does the emergence of China affect the world economy? This course is designed to answer the above questions using a general framework developed for China as a quasi-market economy with decentralized authoritarianism. We will first investigate the main players of such an economy (central/local governments and various types of firms such as state-owned enterprises and foreign/joint-venture companies). The next is to analyze the three growth engines, globalization, industrialization and urbanization, and to show how the interactions of the three forces create huge business opportunities, widen income/wealth inequality and change the politico-economic landscape of China. We will also study the distorted state financial system and its implications on external imbalances. The last part of the course will be on the future of the Chinese economy.|
|China’s Great Economic Transformation, ed. Loren Brandt and Thomas Rawski, Cambridge University Press, 2008.|
|Basic microeconomics and macroeconomics (Bus 33001 and 33040).
Description and/or course criteria last updated: 06/2013
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