China and the West

Contents:

1 Introduction 1
Jan Svejnar and Justin Yifu Lin

PART I RECENT POLICIES AND PERFORMANCE
2 Path to prosperity: China's transition to market
economy in the last four decades 5
Justin Yifu Lin
3 China's performance and prospects in the world economy 14
Jan Svejnar
4 The role of the state in economic growth 20
Jacob Lew
5 Reflections on the global financial crisis:
a comparison of US and China policies 29
Frank Song
6 Policies for structural reform in China: domestic
rebalancing for strong sustainable and inclusive
growth within and beyond China 39
Ehtisham Ahmad, Isabella Neuweg, Nicholas
Stern and Chunping Xie

PART II TRADE, TENSIONS AND DIVISION OF LABOR
7 The potential for cooperation and competition in
international trade: recent trade growth and driving
factors - a perspective on current global trade tensions 60
Robert Koopman
8 Overview of China-US Economic Disputes in 2018 69
Feng Lu
9 The metabolic nature of changing world order 93
Ping Chen
10 India and China in the context of rising trade
tensions in the global economy 112
Arvind Panagariya

PART III DIGITALIZATION AND LEADERSHIP
11 The role of innovation and the digital economy:
new opportunities and challenges for Chinese, US
and European economic policy 120
Edmund Phelps
12 The digitalisation of Europe's economy 125
Debora Revoltella, Philipp Brutscher and Tessa Bending
13 Prospects for China's drive for innovation: From
the perspective of demographics 135
Jianzhang Liang
14 Evaluation of local leaders in China 148
Chong-En Bai and Eric Maskin

Index

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• Economia internacional
• Crescimento econômico
• Estudos regionais

U.S.-China economic relations; U.S. economic policy; Chinese economic policy; US-China Macroeconomic policy issues; US-China Trade issues; Innovation and digitalization in China and the West