"Prepared for the Office of Net Assessment, Dept. of Defense and the Smith Richardson Foundation."
Text of Note
Title from title screen (viewed Jan. 13, 2004).
INTERNAL BIBLIOGRAPHIES/INDEXES NOTE
Text of Note
Includes bibliographical references (pages 181-194) and index.
CONTENTS NOTE
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Potential adversities confronting China's continued economic growth -- Massive unemployment and rural poverty -- Economic effects of corruption -- Epidemic disease: a wild card in china's economic future? -- Water resources and pollution -- GDP effects of an energy price shock -- China's fragile financial system and the state-owned enterprises -- Possible shrinkage of foreign capital inflows -- Taiwan and other potential conflicts -- Conclusions: fault lines in China's economic terrain.
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SUMMARY OR ABSTRACT
Text of Note
What are the major challenges, fault lines, and potential adversities (these terms are used synonymously), that China's economic development will encounter over the next decade? How severely will China's overall economic performance be affected if these adversities occur separately or in clusters? This book addresses these key questions. China has confronted in the past two decades five of the eight fault lines that the authors consider (unemployment, corruption, water resources, HIV/AIDS, and financial fragility), and, nonetheless, it has sustained high rates of economic growth. Therefore, in assessing the potential effects of these fault lines on China's future economic performance, the authors focus on whether, why, and by how much their intensities may increase--that is, on changes, rather than on the prevailing levels of each fault line. For the other three fault lines examined, which have not previously occurred or recurred--oil price shocks, foreign-direct-investment shrinkage, and serious military conflicts--the authors consider the circumstances under which they might arise and their resulting economic effects. For each of the eight fault lines, the authors estimate a "bottom-line" in terms of expected effects on China's annual growth rate over the next decade, drawing on a variety of methods, models, and judgments to make these estimates. The authors suggest that the probability that none of these individual setbacks will occur is low, while the probability that all will occur is still lower. Because of interdependencies among the fault lines, it is highly likely that several separate adversities will cluster if any one of them occurs. For examples: an internal financial crisis would have serious negative effects on the relative attractiveness of foreign investment in China, contributing to shrinkage of foreign direct investment; epidemic disease would intensify water pollution problems and would discourage foreign investment.
SYSTEM REQUIREMENTS NOTE (ELECTRONIC RESOURCES)
Text of Note
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
ACQUISITION INFORMATION NOTE
Source for Acquisition/Subscription Address
JSTOR
Stock Number
22573/ctt5j5s
OTHER EDITION IN ANOTHER MEDIUM
Title
Fault lines in China's economic terrain (Original)
TOPICAL NAME USED AS SUBJECT
Public health-- China.
BUSINESS & ECONOMICS-- Economic Conditions.
BUSINESS & ECONOMICS-- Economic History.
BUSINESS & ECONOMICS-- Economics-- Comparative.
Economic history.
POLITICAL SCIENCE-- Economic Conditions.
POLITICAL SCIENCE-- International Relations-- General.
Public health.
Social conditions
GEOGRAPHICAL NAME USED AS SUBJECT
China, Economic conditions, 2000-
China, Social conditions, 2000-
China.
0
0
7
(SUBJECT CATEGORY (Provisional
BUS-- 022000
BUS-- 023000
BUS-- 069010
GTB, KCS
POL-- 023000
POL011000
POL012000
POL044000
DEWEY DECIMAL CLASSIFICATION
Number
330
.
951
Edition
22
LIBRARY OF CONGRESS CLASSIFICATION
Class number
HC427
.
95
Book number
.
F37
2003
PERSONAL NAME - ALTERNATIVE RESPONSIBILITY
Wolf, Charles,Jr.,1924-2016.
CORPORATE BODY NAME - ALTERNATIVE RESPONSIBILITY
United States., Department of Defense., Director of Net Assessment.