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Fault lines in China's economic terrain

Author: Charles Wolf; National Defense Research Institute (U.S.); United States. Department of Defense. Director of Net Assessment.; Smith Richardson Foundation.
Publisher: Santa Monica, CA : RAND, 2003.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Database:WorldCat
Summary:
What are the major challenges, fault lines, and potential adversities (these terms are used synonymously), that China's economic development will encounter over the next decade? How severely will China's overall economic performance be affected if these adversities occur separately or in clusters? This book addresses these key questions. China has confronted in the past two decades five of the eight fault lines that  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Fault lines in China's economic terrain (Original)
(DLC) 20032047
(OCoLC)51607362
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Charles Wolf; National Defense Research Institute (U.S.); United States. Department of Defense. Director of Net Assessment.; Smith Richardson Foundation.
ISBN: 0833036041 9780833036049
OCLC Number: 54069051
Notes: Title from title screen (viewed Jan. 13, 2004).
"Prepared for the Office of Net Assessment, Dept. of Defense and the Smith Richardson Foundation."
"MR-1686-NA/SRF"--Page [ii].
Reproduction Notes: Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010. MiAaHDL
Description: 1 online resource (xxvii, 207 pages) : illustrations, map
Details: Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Contents: Potential Adversities Confronting China's Continued Economic Growth --
Massive Unemployment and Rural Poverty --
Economic Effects of Corruption --
Epidemic Disease: A Wild Card in China's Economic Future? --
Water Resources and Pollution --
GDP Effects of an Energy Price Shock --
China's Fragile Financial System and the State-Owned Enterprises --
Possible Shrinkage of Foreign Capital Inflows --
Taiwan and Other Potential Conflicts --
Conclusions: Fault Lines in China's Economic Terrain.
Responsibility: Charles Wolf, Jr. [and others].

Abstract:

Considers how and by how much China's stellar economic performance might be impaired by eight potential adversities that China may face in the next decade.  Read more...

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schema:description"What are the major challenges, fault lines, and potential adversities (these terms are used synonymously), that China's economic development will encounter over the next decade? How severely will China's overall economic performance be affected if these adversities occur separately or in clusters? This book addresses these key questions. China has confronted in the past two decades five of the eight fault lines that the authors consider (unemployment, corruption, water resources, HIV/AIDS, and financial fragility), and, nonetheless, it has sustained high rates of economic growth. Therefore, in assessing the potential effects of these fault lines on China's future economic performance, the authors focus on whether, why, and by how much their intensities may increase--that is, on changes, rather than on the prevailing levels of each fault line. For the other three fault lines examined, which have not previously occurred or recurred--oil price shocks, foreign-direct-investment shrinkage, and serious military conflicts--the authors consider the circumstances under which they might arise and their resulting economic effects. For each of the eight fault lines, the authors estimate a "bottom-line" in terms of expected effects on China's annual growth rate over the next decade, drawing on a variety of methods, models, and judgments to make these estimates. The authors suggest that the probability that none of these individual setbacks will occur is low, while the probability that all will occur is still lower. Because of interdependencies among the fault lines, it is highly likely that several separate adversities will cluster if any one of them occurs. For examples: an internal financial crisis would have serious negative effects on the relative attractiveness of foreign investment in China, contributing to shrinkage of foreign direct investment; epidemic disease would intensify water pollution problems and would discourage foreign investment."@en
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