Catching Up to America: Culture, Institutions, and the Rise of China

ISBN-13: 9781009017657 / Angielski / Miękka / 2021 / 300 str.

Tian Zhu

Opis

Using global comparative data, this book shows why culture, not institutions or policies, is the difference-maker behind China's rapid rise.

Recenzje

'This provocative and insightful book, packed with novel ideas and the latest findings from economics and social science research, makes the case that the Confucian culture is a fundamental factor that has induced high savings and rising education during China's economic reforms. The rapid accumulation of physical and human capital has propelled the nation's spectacular growth over the last four decades. The book not only presents a fascinating analysis on the rise of China but also sheds light on its future growth amid the US-China trade war, the COVID-19 pandemic, and the sentiments of deglobalization. This contribution is important and timely for understanding China in the global context.' Dennis Tao Yang, Dale S. Coenen Professor of Business Administration and Academic Director, The Asia Initiative, Darden School of Business, University of Virginia

Spis treści

Introduction; 1. Just how rapid is China's rise? A global comparison; 2. Explaining China's rise: some popular views; 3. Do institutions rule?; 4. Savings and China's investment-led growth; 5. The role of education: quantity and quality; 6. Technological progress and innovation; 7. Confucian culture as the key differentiating factor; 8. Why is China slowing down?; 9. Catching up to America in a post-COVID-19 world.