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Innovative China: New Drivers of Growth
World Bank; The People's Republic Of China Development Research Center Of The State Council (Author)
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World Bank Publications
· Paperback
Innovative China: New Drivers of Growth - World Bank; The People's Republic Of China Development Research Center Of The State Council
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Synopsis "Innovative China: New Drivers of Growth"
After more than three decades of average annual growth close to 10 percent, China's economy is transitioning to a 'new normal' of slower but more balanced and sustainable growth. Its old drivers of growth -- a growing labor force, the migration from rural areas to cities, high levels of investments, and expanding exports -- are waning or having less impact. China's policymakers are well aware that the country needs new drivers of growth. This report proposes a reform agenda that emphasizes productivity and innovation to help policymakers promote China's future growth and achieve their vision of a modern and innovative China. The reform agenda is based on the three D's: removing Distortions to strengthen market competition and enhance the efficient allocation of resources in the economy; accelerating Diffusion of advanced technologies and management practices in China's economy, taking advantage of the large remaining potential for catch-up growth; and fostering Discovery and nurturing China's competitive and innovative capacity as China approaches OECD incomes in the decades ahead and extends the global innovation and technology frontier.
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All books in our catalog are Original.
The book is written in English.
The binding of this edition is Paperback.
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