This paper examines whether China's growing economy is sustainable.
Written in 2008; 2,061 words; 4 sources; APA; $ 65.95
Paper Summary:
The paper explores whether China's impressive growth over the last 20 years can be expected to continue in the next 20 years. The paper examines the business environment in China as the main attractor of foreign investments, as well as important macroeconomic malfunctions and potential problems that may come up. The paper concludes that while this rate of growth is likely to continue to grow, it is less likely to be able to grow at a similar speed. The paper adds that the Chinese government will need to take measures to consolidate the country's growth, especially in controlling inflation and in committing to reducing class discrepancies.
From the Paper:
"Since the beginning of the 1980s, with Deng Xiaoping's reforms that reduced state participation in the economy, encouraging private initiative and the development of private businesses, the Chinese economy has grown at staggering annual rates, often reaching 10 % GDP growth annually. While at the beginning this could have been justifiable with the low GDP that China was starting from, as a consequence of the Communist experiments that took place under Mao (The Great Leap Forward and the Cultural Revolution), the growth rates in the last years have remained unchanged. This shows more of an economy basing its growth of solid instruments and policies rather than just a one time wonder."
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