Contents
Chapter I An Introductory Studies on the Sino-US Comparison of Economic Structure and Macroeconomic Policies
1. Literature review
2. Methodologies and possible innovations
3. Conclusion
Chapter II The impact of economic structure on macro-governance: theoretical analysis
1. Macro-governance
2. A Theoretical analysis of the impact of production structure on macro-governance
3. A Theoretical analysis of the impact of demand structure on macro-governance
4. A Theoretical analysis of the impact of income and wealth distribution on macro-governance
5. A Theoretical analysis of the impact of financial structure on macro-governance
6. Conclusion
Chapter III The historical evolution of the economic structure of the United States
1. The evolution of the U.S. production structure
2. The evolution of the U.S. demand structure
3. The evolution of the U.S. income and wealth distribution
4. The evolution of the U.S. financial structure
5. Conclusion
Chapter IV The evolutionary history of the U.S. macroeconomic policy: influenced by economic structure
1. The effects of the U.S. economic structure on fiscal policy
2. The effects of the U.S. economic structure on monetary policy
3. The effects of the U.S. economic structure onthe coordination of macroeconomic policy
4. Conclusion
Chapter V The evolution of China’s economic structure: compare with the U.S.
1. A Sino-U.S. comparison of the evolution of production structure
2. A Sino-U.S. comparison of the evolution of demand structure
3. A Sino-U.S. comparison of the evolution of the income and wealth distribution
4. A Sino-U.S. comparison of the evolution of financial structure
5. Conclusion
Chapter VI The evolutionary history of China’s macroeconomic policy: influenced by economic structure
1. The effects of China’s economic structure on fiscal policy
2. The effects of China’s economic structure on monetary policy
3. The effects of the U.S. economic structure onthe coordination of macroeconomic policy
4. Conclusion
Chapter VII China’s economic structure in the future and macro governance
1. Prospects of China’s economic structure
2. Prospects of China’s macro governance
3. Supply-front economics reform and the macro governance of China’s future
Editor-in-Chief: ZhangYuyan, Director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences
Sun Jie, doctoral supervisor, researcher at Institute of World Economics and Politics at the Chinese Academy of Social Sciences, editorial director of the World Economy
Liu Shiguo, Ph.D in economic studies, researcher at Institute of World Economics and Politics at the Chinese Academy of Social Sciences, editorial director ofThe Yearbook of World Economy
Li Chunding, Ph.D in economic studies, associate researcher at Institute of World Economics and Politics at the Chinese Academy of Social Sciences, deputy head of International Trade Research Office
Cao Yongfu, Ph.D in economic studies, associate researcher at Institute of World Economics and Politics at the Chinese Academy of Social Sciences
Huang Wei, Ph.D in management, associate researcher at Institute of World Economics and Politics at the Chinese Academy of Social Sciences, director at the global governance research office
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.