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Annual Review of Economics

Volume 6, 2014

China’s Great Convergence and Beyond

Abstract

A recent wave of economic research has studied the transformation of China from a poor country in the 1970s to a middle-income economy today. Based on this literature, we discuss the factors driving China’s development process. We provide a historical account of China’s rise, fall, and resurgence. We then discuss the stylized facts associated with China’s growth process and review a comprehensive theory of its economic transition. Finally, we discuss China’s future. In particular, we review some recent studies about technological and politico-economic factors that may foster or hinder its future economic performance.

Keyword(s): economic reforms, foreign imbalances, innovation, middle-income trap, pension reform, savings
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/content/journals/10.1146/annurev-economics-080213-041050
2014-08-02
2024-04-26
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China’s Great Convergence and Beyond
Annual Review of Economics 6, 333 (2014); https://doi.org/10.1146/annurev-economics-080213-041050
/content/journals/10.1146/annurev-economics-080213-041050
/content/journals/10.1146/annurev-economics-080213-041050
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