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Brakes on Chinese Development: Institutional Causes of a Growth Slowdown

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China has enjoyed spectacular economic growth since the 1980s.Economic models based on production functions typically suggest that China’s rapid growth will continue at similarly high rates, but they ignore pressing structural and institutional constraints on its development. Among the problems
identified in this paper, we point to an impending demographic shift that will greatly increase the number of economic dependents, the inadequate corporate legal foundation for indigenous private enterprise, and the discriminatory, defective and disruptive system of land tenure. These issues point to a pressing agenda of institutional reform to help China develop in future decades. Reforms have to concentrate on political structures, state efficiency, incentives to educate and train migrant workers, land tenure, and on private enterprise.

Keywords: China, corporate law, demography, development, institutions, land
tenure

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Judul Seri

JOURNAL OF ECONOMIC ISSUES

No. Panggil

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Penerbit

Cina : Association for Evolutionary Economics., 2013

Deskripsi Fisik

JOURNAL OF ECONOMIC ISSUES Vol. XLVII No. 3 September 2013

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English

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Tipe Media

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Tipe Pembawa

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Edisi

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Subjek

DEMOGRAFI
CINA

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