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A Sino-US Comparison of Economic Structure and Macroeconomic Policies

Subtitle:

By:Zhang Yuyan

Publisher:Social Sciences Academic Press

ISBN:9787509785102

Publication Date:2017-01-01

Language:Chinese

Paper book:US $35.00
Ebook:US $35.00
Paper Book& Ebook:US $52.50
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Table of contents:

About the author(s):

Description:

Chapter I and Chapter II explore the connotation of economic structure, and provide an overview of theories of economic structure on macroeconomic policy; Chapter III and IV give an analysis of the evolutionary history of the U.S. economic structure and its impact on macroeconomic policy. Chapter V and VI make a comparison of the China’s economic structure with that of U.S, and explore the impact of the changing of the China’s economic structure on macroeconomic policy; Chapter VII makes a forecast to the future of China’s economic structure and macro governance, and points out the importance of the macro supply management is growing in the future. The title in Chinese is sponsored by Innovation Project of Chinese Academy of Social Sciences, and gets positive reviews by peers.

As a general rule of economic development, the evolution of economic structure in the U.S and China shows similarities. In China, on one hand, investment leads to the economic growth but no deviation from the rules of the U.S. economic development; on the other hand, there are differences of the government’s role in the economic development between the U.S and China. The differences cover not only the direct influence of government on the financial activities but also the indirect influence of that. And in the terms of the transmission mechanism of fiscal policy and monetary policy, and policy tools to navigate the circumstances, the differences are obvious, also.

The book explores the economic structure from four aspects: production structure, demand structure, income and wealth distribution and financial structure, and the contributors propose that making the macro governance more effective needs to keep the economic growth, price stabilization, full employment, and the internal and external balance of China’s economy.

Based on the analysis of historical facts, the book looks at the ties of the U.S. economic structure and macroeconomic governance, and examines the characteristics of the current state of China’s economic structure, and also provides the policy suggestions on macroeconomic governance.

The contributors of the book are all from the Institute of World Economics and Politics at the Chinese Academy of Social Sciences, and the editor-in-chief is the director of the Institute. The book could be seen as a research result collected the wisdoms of the main researchers at the Institute, which with high academic authoritative.