The Chinese Economy - IDEC8021

http://programsandcourses.anu.edu.au/course/IDEC8021 In the thirty years since China started on the path of reform in the late 1970s, it has emerged as one of the largest and most dynamic economies in the world. There has been keen interest in what have been achieved in China and more importantly what lies ahead for such a significant economic player in the world economy. This course examines China's successful experiences and lessons learned from the standpoints of economic transformation, economic development, open macroeconomics and institutional economics. First, the course discusses the transformation of the Chinese economy from a centrally-planned to a market one by highlighting the key differences between a planned and market economy, the sequencing of reform, and the importance of carrying out ownership reform and building market-compatible institutions. Second, the course analyses the development experience of Chinese transformation by covering issues such as urbanisation, income distribution, labour market development, banking sector reform, regional development, fiscal system reform, international trade and investment, China's rapid industrialisation and its increasing demand for energy and mineral resources, and the environment. Third, the course examines the macroeconomic dimension of economic transformation by looking at the importance of maintaining macroeconomic stability in the process of reform and liberalisation (including both current and capital account liberalisation), the key sources of and factor contributions to economic growth in China, and the formation and implementation of China's exchange rate policy, China's daunting task of managing its foreign reserves, China's conformity to the WTO and the prospect of internationalising its currency, the RMB. ===================== https://crawford.anu.edu.au/ ===================== Video produced by the Digital Learning Project http://asiapacific.anu.edu.au/digital-learning/