Transforming China: Insights From the Japanese Experience of the 1980's
China is poised on the brink of a transition to a service-based economy. The Japanese experience of the 1980s provides several insights about the way to manage such a transition and the downsides to avoid. In particular Japan offers useful insights on (1) the limits to an export-oriented growth stra...
Gespeichert in:
1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2010
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Schriftenreihe: | IMF Working Papers
Working Paper No. 10/284 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | China is poised on the brink of a transition to a service-based economy. The Japanese experience of the 1980s provides several insights about the way to manage such a transition and the downsides to avoid. In particular Japan offers useful insights on (1) the limits to an export-oriented growth strategy; (2) the role of exchange rate, macroeconomic policies, and structural reforms in rebalancing the economy toward the nontradables sector; and (3) the risks associated with financial liberalization. The similarities between the Chinese economy today and the Japanese economy of the 1980s make these insights relevant for China. However, with the benefit of analyzing the Japanese experience and, given the important differences between the two economies, China should be able to successfully rebalance its growth pattern while avoiding the downsides encountered by Japan |
Beschreibung: | 1 Online-Ressource (20 p) |
ISBN: | 1455210919 9781455210916 |
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spelling | N'Diaye, Papa M'B. P. Verfasser aut Transforming China Insights From the Japanese Experience of the 1980's N'Diaye, Papa M'B. P Washington, D.C International Monetary Fund 2010 1 Online-Ressource (20 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 10/284 China is poised on the brink of a transition to a service-based economy. The Japanese experience of the 1980s provides several insights about the way to manage such a transition and the downsides to avoid. In particular Japan offers useful insights on (1) the limits to an export-oriented growth strategy; (2) the role of exchange rate, macroeconomic policies, and structural reforms in rebalancing the economy toward the nontradables sector; and (3) the risks associated with financial liberalization. The similarities between the Chinese economy today and the Japanese economy of the 1980s make these insights relevant for China. However, with the benefit of analyzing the Japanese experience and, given the important differences between the two economies, China should be able to successfully rebalance its growth pattern while avoiding the downsides encountered by Japan Online-Ausg http://elibrary.imf.org/view/IMF001/11521-9781455210916/11521-9781455210916/11521-9781455210916.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | N'Diaye, Papa M'B. P. Transforming China Insights From the Japanese Experience of the 1980's |
title | Transforming China Insights From the Japanese Experience of the 1980's |
title_auth | Transforming China Insights From the Japanese Experience of the 1980's |
title_exact_search | Transforming China Insights From the Japanese Experience of the 1980's |
title_exact_search_txtP | Transforming China Insights From the Japanese Experience of the 1980's |
title_full | Transforming China Insights From the Japanese Experience of the 1980's N'Diaye, Papa M'B. P |
title_fullStr | Transforming China Insights From the Japanese Experience of the 1980's N'Diaye, Papa M'B. P |
title_full_unstemmed | Transforming China Insights From the Japanese Experience of the 1980's N'Diaye, Papa M'B. P |
title_short | Transforming China |
title_sort | transforming china insights from the japanese experience of the 1980 s |
title_sub | Insights From the Japanese Experience of the 1980's |
url | http://elibrary.imf.org/view/IMF001/11521-9781455210916/11521-9781455210916/11521-9781455210916.xml |
work_keys_str_mv | AT ndiayepapambp transformingchinainsightsfromthejapaneseexperienceofthe1980s |