This new textbook on the Chinese economy clearly presents all that the world's second largest economy has accomplished, as well as what work remains to be done. As economic development in China for the last 30 years has been mostly "top down," this text focuses on the macroeconomic and monetary sides of the economy. Utilising case studies throughout, the book uses not only the traditional macroeconomics tools in explaining the Chinese economy, but also takes a novel approach by assessing China as a company. Through employment of models from finance, such as cash flows and valuations, the text is able to dig deeper into understanding the fundamental characteristics of the Chinese economy. The book also presents extremely useful analysis of the comparisons and contrasts between Chinese economic activity and that of the U.S. economy.
eResources including chapter questions with solutions and lecture slides will be available on this webpage.
|Publisher:||Taylor & Francis|
|Product dimensions:||7.00(w) x 10.00(h) x 0.75(d)|
About the Author
Professor Ron Schramm is PhD Program Director of the International Business School of Suzhou (IBSS) at Xian Jiao Tong Liverpool University (XJTLU, China). He is the Area Editor in Finance for the International Journal of Emerging Markets and was a faculty member for over 25 years at the Columbia Business School, Columbia University in New York City. He was a Fulbright Scholar at UIBE in Beijing and has taught at 5 different universities in China.
Table of Contents
1. Introduction 2. Measuring and Accounting for the Output of a Nation: GDP 3. China and the United States and the Balance of Payments 4. Long Run Economic Growth 5. Consumption and Savings in China and the United States 6. China's Path of Investment 7. Monetary Policy and Institutions in China and the United States 8. Monetary Policy in Action 9. The Keynesian Model: Extensions to China and Beyond 10. Public Finances and Fiscal Policy in Action