40 years of China's reform and development: How reform captured China's demographic dividend

Cai Fang, Ross Garnaut, Ligang Song

    Research output: Chapter in Book/Report/Conference proceedingChapter

    Abstract

    China’s reform, opening-up and resultant economic growth in the past 40 years provide a new constellation of experience we can study to understand the nature of modern economic growth. This chapter describes the process of reform and opening-up of the economy, and its nexus to accelerated economic growth. It describes and provides some data on the experience of trade and growth over the past 40 years. It sketches some of the main elements of reform, changes in incentives that have driven economic growth, changes in economic structure that have followed and the rising role of China in the global economy. It highlights new challenges that China faces after 40 years of reform.
    Original languageEnglish
    Title of host publicationChina's Forty Years of Reform and Development: 1978-2018
    Editors R Garnaut, L Song & C Fang
    Place of PublicationAustralia
    PublisherANU Press
    Pages5-25
    Edition1st
    ISBN (Print)9781760462246
    DOIs
    Publication statusPublished - 2018

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