OECD Economics Department Working Papers

ISSN :
1815-1973 (en ligne)
DOI :
10.1787/18151973
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Working papers from the Economics Department of the OECD that cover the full range of the Department’s work including the economic situation, policy analysis and projections; fiscal policy, public expenditure and taxation; and structural issues including ageing, growth and productivity, migration, environment, human capital, housing, trade and investment, labour markets, regulatory reform, competition, health, and other issues.

The views expressed in these papers are those of the author(s) and do not necessarily reflect those of the OECD or of the governments of its member countries.

 

China's March to Prosperity

Reforms to Avoid the Middle-income Trap You or your institution have access to this content

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Auteur(s):
Vincent Koen1, Richard Herd1, Sam Hill1
Author Affiliations
  • 1: OCDE, France

Date de publication
12 nov 2013
Bibliographic information
N°:
1093
Pages
37
DOI
10.1787/5k3wd3c4219w-en

Cacher / Voir l'abstract

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.
Mots-clés:
financial sector, investment, credit, China, urbanisation, cities, economic growth, business climate, research and development, shadow banking, intellectual property rights, productivity, innovation, education, catching-up, international migration, patents, renminbi, development, competition, living standards, convergence, foreign exchange
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  • E20: Macroeconomics and Monetary Economics / Macroeconomics: Consumption, Saving, Production, Employment, and Investment / General
  • E22: Macroeconomics and Monetary Economics / Macroeconomics: Consumption, Saving, Production, Employment, and Investment / Capital; Investment; Capacity
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  • O32: Economic Development, Technological Change, and Growth / Technological Change; Research and Development; Intellectual Property Rights / Management of Technological Innovation and R&D
  • O34: Economic Development, Technological Change, and Growth / Technological Change; Research and Development; Intellectual Property Rights / Intellectual Property Rights
  • O38: Economic Development, Technological Change, and Growth / Technological Change; Research and Development; Intellectual Property Rights / Government Policy
  • O47: Economic Development, Technological Change, and Growth / Economic Growth and Aggregate Productivity / Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
  • O53: Economic Development, Technological Change, and Growth / Economywide Country Studies / Asia including Middle East
  • P21: Economic Systems / Socialist Systems and Transitional Economies / Planning, Coordination, and Reform