China's March to Prosperity Reforms to Avoid the Middle-income Trap
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to sustain vi...
| Main Author: | |
|---|---|
| Other Authors: | , |
| Format: | eBook Section |
| Language: | Inglés |
| Published: |
Paris :
OECD Publishing
2013.
|
| Series: | OECD Economics Department Working Papers,
no.1093. |
| Subjects: | |
| See on Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009706818106719 |
| Summary: | China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to sustain vigorous growth and improve the well-being of most citizens, renewed reform momentum is required in a number of areas. The following ones are discussed in this paper: financial sector liberalisation; strengthening competition in markets for goods and services; education, research and innovation. Progress is also needed in other areas, notably in fostering more socially-inclusive forms of urbanisation and more environmentally-friendly growth. |
|---|---|
| Physical Description: | 1 online resource (36 p. ) |
