Lessons From China For Africa:
China has been the most successful developing country in this modern era of globalization. Since initiating economic reform after 1978, its economy has expanded at a steady rate over 8 percent per capita, fueling historically unprecedented poverty reduction (the poverty rate declined from over 60 pe...
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
The World Bank
2008
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| Online-Zugang: | BSB01 EUV01 HTW01 FHI01 IOS01 Volltext |
| Zusammenfassung: | China has been the most successful developing country in this modern era of globalization. Since initiating economic reform after 1978, its economy has expanded at a steady rate over 8 percent per capita, fueling historically unprecedented poverty reduction (the poverty rate declined from over 60 percent to 7 percent in 2007). Other developing countries struggling to grow and reduce poverty are naturally interested in what has been the source of this impressive growth and what, if any, lessons they can take from China. This paper focuses on four features of modern China that have changed significantly between the pre-reform period and today. The Chinese themselves call their reform program Gai Ge Kai Feng, "change the system, open the door." "Change the system" means altering incentives and ownership, that is, shifting the economy from near total state ownership to one in which private enterprise is dominant. "Open the door" means exactly what it says, liberalizing trade and direct investment. A third lesson is the development of high-quality infrastructure: China's good roads, reliable power, world-class ports, and excellent cell phone coverage throughout the country are apparent to any visitor. What is less well known is that most of this infrastructure has been developed through a policy of "cost recovery" that prices infrastructure services at levels sufficient to finance the capital cost as well as operations and maintenance. A fourth important lesson is China's careful attention to agriculture and rural development, complemented by rural-urban migration |
| Beschreibung: | 1 Online-Ressource (33 Seiten)) |
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| spelling | Dollar, David Verfasser aut Lessons From China For Africa Dollar, David Washington, D.C The World Bank 2008 1 Online-Ressource (33 Seiten)) txt rdacontent c rdamedia cr rdacarrier China has been the most successful developing country in this modern era of globalization. Since initiating economic reform after 1978, its economy has expanded at a steady rate over 8 percent per capita, fueling historically unprecedented poverty reduction (the poverty rate declined from over 60 percent to 7 percent in 2007). Other developing countries struggling to grow and reduce poverty are naturally interested in what has been the source of this impressive growth and what, if any, lessons they can take from China. This paper focuses on four features of modern China that have changed significantly between the pre-reform period and today. The Chinese themselves call their reform program Gai Ge Kai Feng, "change the system, open the door." "Change the system" means altering incentives and ownership, that is, shifting the economy from near total state ownership to one in which private enterprise is dominant. "Open the door" means exactly what it says, liberalizing trade and direct investment. A third lesson is the development of high-quality infrastructure: China's good roads, reliable power, world-class ports, and excellent cell phone coverage throughout the country are apparent to any visitor. What is less well known is that most of this infrastructure has been developed through a policy of "cost recovery" that prices infrastructure services at levels sufficient to finance the capital cost as well as operations and maintenance. A fourth important lesson is China's careful attention to agriculture and rural development, complemented by rural-urban migration Online-Ausg Auto industry Banks and Banking Reform Debt Markets Driving Emerging Markets Environmental regulations Finance and Financial Sector Development Health, Nutrition and Population Infrastructure finance Infrastructure investment Pollution Population Policies Private Sector Development Rail Roads Tax Transport Transport Economics, Policy and Planning Trip Dollar, David Sonstige oth Dollar, David Lessons From China For Africa http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4531 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Dollar, David Lessons From China For Africa Auto industry Banks and Banking Reform Debt Markets Driving Emerging Markets Environmental regulations Finance and Financial Sector Development Health, Nutrition and Population Infrastructure finance Infrastructure investment Pollution Population Policies Private Sector Development Rail Roads Tax Transport Transport Economics, Policy and Planning Trip |
| title | Lessons From China For Africa |
| title_auth | Lessons From China For Africa |
| title_exact_search | Lessons From China For Africa |
| title_exact_search_txtP | Lessons From China For Africa |
| title_full | Lessons From China For Africa Dollar, David |
| title_fullStr | Lessons From China For Africa Dollar, David |
| title_full_unstemmed | Lessons From China For Africa Dollar, David |
| title_short | Lessons From China For Africa |
| title_sort | lessons from china for africa |
| topic | Auto industry Banks and Banking Reform Debt Markets Driving Emerging Markets Environmental regulations Finance and Financial Sector Development Health, Nutrition and Population Infrastructure finance Infrastructure investment Pollution Population Policies Private Sector Development Rail Roads Tax Transport Transport Economics, Policy and Planning Trip |
| topic_facet | Auto industry Banks and Banking Reform Debt Markets Driving Emerging Markets Environmental regulations Finance and Financial Sector Development Health, Nutrition and Population Infrastructure finance Infrastructure investment Pollution Population Policies Private Sector Development Rail Roads Tax Transport Transport Economics, Policy and Planning Trip |
| url | http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-4531 |
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