China's March to Prosperity: Reforms to Avoid the Middle-income Trap = En marche pour la prospérité

China is well-placed to avoid the so-called "middle-income trap" and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...

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Bibliographic Details
Main Author: Koen, Vincent (Author)
Other Authors: Herd, Richard (Contributor), Hill, Sam (Contributor)
Format: Electronic eBook
Language:English
Published: Paris OECD Publishing 2013
Series:OECD Economics Department Working Papers no.1093
Subjects:
Online Access:DE-862
DE-863
Summary:China is well-placed to avoid the so-called "middle-income trap" and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to sustain vigorous growth and improve the well-being of most citizens, renewed reform momentum is required in a number of areas. The following ones are discussed in this paper: financial sector liberalisation; strengthening competition in markets for goods and services; education, research and innovation. Progress is also needed in other areas, notably in fostering more socially-inclusive forms of urbanisation and more environmentally-friendly growth.
Physical Description:1 Online-Ressource (36 Seiten) 21 x 29.7cm.

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