Skip to main content
SpringerLink
Log in
Book cover

China's Economic Growth: Towards Sustainable Economic Development and Social Justice pp 13–45Cite as

Palgrave Macmillan

Balanced Path Development

  • Chapter
  • First Online:

  • 745 Accesses

Abstract

Differences in economic growth and regional incomes between different regions are inevitable in large countries such as China, which covers about 9.6 million square kilometres. Different regions have various advantages and various disadvantages; hence, some regions will be more advanced economically than others. Without the required policies, in some regions even hard work may not lead to the expected benefits, so that eventually people may become complacent and may thus develop a culture of poverty. Others may become part of a floating population serving as part of the reserve army of the unemployed working in the big cities.

This is a preview of subscription content, log in via an institution.

Chapter
USD   29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD   99.00
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD   129.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD   129.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Learn about institutional subscriptions

References

  • Ando, A., & Modigliani, F. (1963). The life-cycle’ hypothesis of saving: Aggregate implications and tests. American Economic Review, 53(1), 55–84.

    Google Scholar 

  • Au, C.-C., & Henderson, V. (2006). Are Chinese cities too small? Review of Economic Studies, 73(3), 549–576.

    Article  Google Scholar 

  • Ball, R. J., & Drake, P. S. (1964). The relationship between aggregate consumption and wealth. International Economic Review, 5(1), 63–81.

    Article  Google Scholar 

  • Bieda, K. (1970). The structure and operation of the Japanese economy. Sydney: John Wiley.

    Google Scholar 

  • Blanchard, O. J., & Giavazzi, F. (2005). Rebalancing growth in China. CEPR Discussion Paper No. 5403, London. Retrieved from http://www.cepr.org/pubs/new-dps/dplist.asp?dpno=54037

  • Bosworth, B., & Collins, S. M. (2007). Accounting for growth: Comparing China with India. NBER Working Papers No. 12943, National Bureau of Economic Research, Cambridge, MA. Retrieved from http://www.nber.org/papers/w12943

  • Brandt, L., & Zhu, X. (2000). Redistribution in a decentralizing economy: Growth and inflation in China under reforms. Journal of Political Economy, 108(2), 422–439.

    Article  Google Scholar 

  • Cai, F., & Wang, M. (2010). Growth and structural changes in employment in transition China. Journal of Comparative Economics, 38, 71–81.

    Article  Google Scholar 

  • Chamon, M., Lui, K., & Prasad, E. (2010). Income uncertainty and household savings in China. IMF Working Paper, November 2010, IMF, Washington, DC.

    Google Scholar 

  • Chan, K. W., Lui, T., & Yang, Y. (1999). Hukou and non-Hukou migrants in China: Comparisons and contrasts. International Journal of Population Geography, 5(6), 425–448.

    Article  Google Scholar 

  • Du, Y., Park, A., & Wang, S. (2005). Migration and rural poverty in China. Journal of Comparative Economics, 33(4), 688–709.

    Article  Google Scholar 

  • Engels, F. (1973). The condition of the working-class in England. Moscow: Progress Publishers.

    Google Scholar 

  • Fan, C. (1999). The vertical and horizontal expansions of China’s city system. Urban Geography, 20(6), 493–515.

    Article  Google Scholar 

  • Fan, C. (2008). China on the move: Migration, the state, and the household. London: Routledge.

    Google Scholar 

  • Fleisher, B., Li, H., & Zhao, M. Q. (2011). Human capital, economic growth, and regional inequality in China. Journal of Development Economics, 92(2), 215–231.

    Article  Google Scholar 

  • Friedman, M. (1957). A theory of the consumption function. Princeton, NJ: Princeton University Press.

    Google Scholar 

  • Ge, S., & Yang, D. T. (2011). Labor market developments in China: A neoclassical view. China Economic Review, 22, 611–625.

    Article  Google Scholar 

  • Ge, S., & Yang, D. T. (2014). Changes in China’s wage structure. Journal of the European Economic Association, 12(2), 300–336.

    Article  Google Scholar 

  • Giles, J., Park, A., & Zhang, J. (2005). What is China’s true unemployment rate? China Economic Review, 16, 149–170.

    Article  Google Scholar 

  • Haveman, R. H., & Wolfe, B. L. (1984). Schooling and economic wellbeing: The role of non-market effects. Journal of Human Resources, 19, 377–407.

    Article  Google Scholar 

  • Heckman, J. (2003). China’s investment in human capital. Economic Development and Cultural Change, 51(4), 795–804.

    Article  Google Scholar 

  • Hirschman, A. O. (1958). The strategy of economic development. New Haven: Yale University Press.

    Google Scholar 

  • Honohan, P. (2008). Finance for urban centres. In S. Yusuf & T. Saich (Eds.), China urbanizes—Consequences, strategies, and policies (chap. 5, pp. 105–124). Washington, DC: World Bank.

    Google Scholar 

  • Jian, T., Sachs, J. D., & Warner, A. M. (1996). Trends in regional inequality in China. China Economic Review, 7, 1–21.

    Article  Google Scholar 

  • Joshua, J. (2015). The contribution of human capital towards economic growth in China. Basingstoke, Hampshire: Palgrave Macmillan.

    Book  Google Scholar 

  • Kaldor, N. (1970). The case for regional policies. Scottish Journal of Political Economy, 17, 337–348.

    Article  Google Scholar 

  • Ke, S. (2010). Determinants of economic growth and spread—Backwash effects in Western and Eastern China. Asian Economic Journal, 24(2), 179–202.

    Article  Google Scholar 

  • Keynes, J. (1930). Treaties on money. London: Macmillan.

    Google Scholar 

  • Knight, J., & Shi, L. (1996). Educational attainment and the rural–urban divide in China. Oxford Bulletin of Economics and Statistics, 58(1), 83–117.

    Article  Google Scholar 

  • Lewis, W. A. (1954). Economic development with unlimited supplies of labour. The Manchester School of Economic and Social Studies, 22, 139–191.

    Article  Google Scholar 

  • Li, Y., Whalley, J., Zhang, S., & Zhao, X. (2008). The higher educational transformation of China and its global implications. NBER Working Papers No. W13849, National Bureau of Economic Research, Cambridge, MA. Retrieved from http://ssrn.com/abstract=1106576

  • Marx, K. (1906 [1867]). Capital: A critique of political economy, Vol. I: The process of capitalist production (F. Engels, Ed.). New York: The Modern Library.

    Google Scholar 

  • Meng, X. (2003). Unemployment, consumption smoothing, and precautionary saving in urban China. Journal of Comparative Economics, 31(3), 465–485.

    Article  Google Scholar 

  • Mishra, D. (2006). Financing India’s rapid growth and its implications for the global economy. Washington, DC: The World Bank.

    Google Scholar 

  • Modigliani, F., & Cao, S. L. (2004). The Chinese saving puzzle and the life-cycle hypothesis. Journal of Economic Literature, 42(1), 145–170.

    Article  Google Scholar 

  • Myrdal, G. (1957). Economic theory and underdeveloped regions. London: Duckworth.

    Google Scholar 

  • OECD (2013). The People’s Republic of China. Avoiding the middle-income trap: Policies for sustained and inclusive growth. Paris: OECD Publications.

    Book  Google Scholar 

  • Ohkawa, K., & Rosovsky, H. (1970). A century of economic growth. In Lockwood, W. W. (Ed.), The state and economic enterprise in Japan (chap. 2, pp. 47–92). New Jersey: Princeton University Press. [Second Printing].

    Google Scholar 

  • Ohkawa, K., & Rosovsky, H. (1973). Japanese economic growth: Trend acceleration in the twentieth century. Stanford: Stanford University Press.

    Google Scholar 

  • Park, A. (2008). Rural–urban inequality in China. In S. Yusuf & T. Saich (Eds.), China urbanizes—Consequences, strategies, and policies (chap. 2, pp. 41–64). Washington, DC: World Bank.

    Google Scholar 

  • Ranis, G. (1997). The micro-economics of “surplus labor”. Economic Growth Center, Discussion Paper No. 772, Yale University, New Haven.

    Google Scholar 

  • Ravallion, M., & Chen, S. (2004). Learning from success: Understanding China’s (uneven) progress against poverty. Finance and Development, 41(4), 16–19.

    Google Scholar 

  • Rawski, T. G., & Mead, R. (1998). On the trail of China’s phantom farmers. World Development, 26(5), 767–781.

    Article  Google Scholar 

  • Sicular, T., Yue, X., Gustafsson, B., & Li, S. (2006). The urban–rural income gap and inequality in China. Research Paper No. 2006/135, UNU—Wider, Helsinki.

    Google Scholar 

  • Siebert, H. (2007). China coming to grips with new global players. The World Economy, 30, 893–922.

    Article  Google Scholar 

  • Solow, R. (1956). A contribution to the theory of economic growth. Quarterly Journal of Economics, 70(1), 65–94.

    Article  Google Scholar 

  • Spiro, A. (1962). Wealth and the consumption function. Journal of Political Economy, 70(4), 339–354.

    Article  Google Scholar 

  • United Nations. (2005). World population prospects: The 2004 revision. United Nations Population Division, Department of Economic and Social Affairs. New York: United Nations Publications.

    Google Scholar 

  • Wan, G., & Zhang, Y. (2008). Explaining the poverty difference between inland and coastal China: A regression-based decomposition approach. Review of Development Economics, 12(2), 455–467.

    Article  Google Scholar 

  • Weil, P. (1993). Precautionary savings and permanent income hypothesis. The Review of Economic Studies, 60(2), 367–383.

    Article  Google Scholar 

  • Yang, D. T., & Fang, C. (2000). The political economy of China’s rural–urban divide. Working Paper No. 62, Centre for Research on Economic Development and Policy Reform, Stanford University, Stanford, CA.

    Google Scholar 

  • Young, A. (2003). Gold into base metals: Productivity growth in the People’s Republic of China during the reform period. Journal of Political Economy, 111(6), 1220–1261.

    Article  Google Scholar 

  • Yusuf, S., & Nabeshima, K. (2008). Optimizing urban development. In S. Yusuf & T. Saich (Eds.), China urbanizes—Consequences, strategies, and policies (chap. 1, pp. 1–40). Washington, DC: World Bank.

    Google Scholar 

  • Zhao, Y. (1999a). Labor migration and earnings differences: The case of rural China. Economic Development and Cultural Change, 47, 767–782.

    Article  Google Scholar 

  • Zhao, Y. (1999b). Leaving the countryside: Rural-to-urban migration decisions in China. American Economic Review, 89(2), 281–286.

    Article  Google Scholar 

Download references

Author information

Authors and Affiliations

  1. Independent scholar, Shun Cheng District, Fushun-City, China

    John Joshua

Authors
  1. John Joshua
    View author publications

    You can also search for this author in PubMed Google Scholar

Copyright information

© 2017 The Author(s)

About this chapter

Cite this chapter

Joshua, J. (2017). Balanced Path Development. In: China's Economic Growth: Towards Sustainable Economic Development and Social Justice. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-137-59435-8_2

Download citation

  • DOI: https://doi.org/10.1057/978-1-137-59435-8_2

  • Published:

  • Publisher Name: Palgrave Macmillan, London

  • Print ISBN: 978-1-137-59434-1

  • Online ISBN: 978-1-137-59435-8

  • eBook Packages: Economics and FinanceEconomics and Finance (R0)

Publish with us

Policies and ethics

Search

Navigation