Economic Growth and Structure Conversion in China
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概要
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The structural changes in the Chinese economy are analyzed from the viewpoints of marketization, industrialization, and globalization, by using macro economic data. The main findings are as follows. There has been a sharp reduction of the state owned sector's shares in investments in fixed assets over the last two decades, resulting in a decrease in the numbers of workers employed by the State in urban areas, and in the State's share of gross industrial product value. Thus, we may conclude that the Chinese economy has made great progress towards marketization. Second, the structural changes in China's economy has basically followed Petty-Clark rule, but due to the influence of a heavy handed industrial policy during the central planning era, the level of the employment structure is much lower than that of the industrial one where it is difficult to dismiss workers. Third, rapid economic growth was accompanied with economic globalization. Fourth, a dual economic structure still exists in China. Structural problems such as the surplus employment in agriculture→low labor productivity→farmers' low income, are becoming more serious. The dual structure has basically resulted from institutional discrimination. Fifth, structural change in manufacturing that has led to rapid economic growth in the last two decades has occurred only to a limited extent, but the tempo of the change has become more rapidly recently. Sixth, the scale of the expansion and the structural upgrade of China's trade have been realized simultaneously. Primary exports, which had played a key role, have been substituted by manufactured goods since the end of the 20th Century.
- 比較経済体制学会の論文
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