China’s Economic Transformation Part 1: Economic Reform and Growth in China

The Hong Kong University of Science and Technology

Acerca de este Curso

In 1978, after nearly 30 years of socialist planning under Mao Zedong, China was one of the world’s poorest countries, saddled with an inefficient, inward-looking economy. Today, China is an upper-middle income country and the world’s largest trading nation, contributing more to global economic growth than any other nation. How could such a remarkable transformation take place? This course will examine in detail the reforms that have contributed to China’s economic development and the current challenges facing the Chinese economy. After completing this course, you will be able to: - describe the origin and consequences of China’s key economic reforms since 1978; - explain how features of China’s fiscal and financial systems have impacted development outcomes; - assess the extent to which China has integrated itself into the global economy and the consequences of such integration for China and other countries; - explain the importance of different sources of economic growth during different periods since 1978; and - critically assess the economic and policy challenges facing China going forward. This course does not offer certificate at the moment. Course Overview video: https://youtu.be/YBkhpvWUoIw

Cursos 100 % en línea

Comienza de inmediato y aprende a tu propio ritmo.

Approx. 18 hours to complete

Sugerido: 6 weeks of study, 2-3 hours/week

English

Subtítulos: English

Cursos 100 % en línea

Comienza de inmediato y aprende a tu propio ritmo.

Approx. 18 hours to complete

Sugerido: 6 weeks of study, 2-3 hours/week

English

Subtítulos: English

Syllabus - What you will learn from this course

1

Section

2 hours to complete

Orientation and Module 1: China’s Gradualist Reforms

In this module, we will introduce you to China's gradualist reforms. But before you start with the lectures, please watch the Course Overview, review the Assignment and Grading page, and introduce yourself to other learners who will be studying this course with you. ...

8 videos (Total 63 min), 3 readings, 1 quiz

8 videos

Course Overview3m

1.1 China’s Gradualist Reforms – An Introduction4m

1.2 Institutional Change – A Framework8m

1.3 Reform Overview9m

1.4 Decollectivization of Agriculture9m

1.5 The Rise and Fall of Township and Village Enterprises (TVEs)9m

1.6 The Problem of State-owned Enterprises13m

1.7 China’s Gradualist Reforms – Module Summary4m

3 readings

Assignments and Grading10m

Module 1 Course Reading10m

Module 1 Lecture References10m

1 practice exercises

Quiz 116m

2

Section

2 hours to complete

Module 2: Fiscal and Financial System Reform

In this module, we will focus on China's fiscal and financial system reform....

7 videos (Total 59 min), 2 readings, 1 quiz

7 videos

2.1 Fiscal and Financial System Reform – An Introduction3m

2.2 Fiscal Decentralization: Pros and Cons9m

2.3 Reforming the Fiscal System8m

2.4 The Soft Budget Constraint11m

2.5 Reforming the Financial System13m

2.6 Shadow Banking: Threat or Opportunity?9m

2.7 Fiscal and Financial System Reform – Module Summary2m

2 readings

Module 2 Course Reading10m

Module 2 Lecture References10m

1 practice exercises

Quiz 216m

3

Section

2 hours to complete

Module 3: Globalization: Trade and Foreign Direct Investment

In this module, we will focus on China's trade and foreign direct investment. Apart from regular lectures, we will visit firms in China to understand the impact of foreign direct investment on them. We will also have interviews and discussions with leading scholars to provide greater insight into what is happening in the areas of China's outbound foreign direct investment and the internationalization of the Renminbi....

10 videos (Total 109 min), 2 readings, 1 quiz

10 videos

3.1 Globalization: Trade and Foreign Direct Investment – An Introduction5m

3.2 International Trade: Performance and Policies14m

3.3 Trade and Development16m

3.4 Foreign Direct Investment15m

3.5 Foreign Direct Investment – Firm Visits in China17m

3.6 China’s Outbound Foreign Direct Investment6m

3.7 China’s Outbound FDI – An Expert Discussion12m

3.8 Internationalization of the Renminbi7m

3.9 Internationalization of the Renminbi – An Expert Discussion9m

3.10 Globalization: Trade and FDI – Module Summary4m

2 readings

Module 3 Course Reading10m

Module 3 Lecture References10m

1 practice exercises

Quiz 316m

4

Section

2 hours to complete

Module 4: Economic Growth and Structural Change

In this module, we will focus on China's economic growth and structural change....

6 videos (Total 49 min), 2 readings, 1 quiz

6 videos

4.1 Economic Growth and Structural Change – An Introduction3m

4.2 Sources of Growth10m

4.3 Structural Change8m

4.4 Resource Misallocation13m

4.5 Productivity Growth10m

4.6 Economic Growth and Structural Change – Module Summary2m

2 readings

Module 4 Course Reading10m

Module 4 Lecture References10m

1 practice exercises

Quiz 416m

5

Section

2 hours to complete

Module 5: Governance and Current Challenges

In this module, we will focus on China's governance and current challenges. Apart from regular lectures, we will visit firms in China to understand the impact of rising wages on them. ...

9 videos (Total 83 min), 2 readings, 1 quiz

9 videos

5.1 Governance and Current Challenges – An Introduction3m

5.2 China’s Governance Puzzle10m

5.3 Incentivizing Local Leaders13m

5.4 Economic Challenges11m

5.5 Rebalancing Growth11m

5.6 Challenge of Rising Wages9m

5.7 Challenge of Rising Wages – Firm Visits in China12m

5.8 Governance and Current Challenges – Module Summary3m

5.9 Economic Reform and Growth in China – Conclusion6m

2 readings

Module 5 Course Reading10m

Module 5 Lecture References10m

1 practice exercises

Quiz 516m

6

Section

1 hour to complete

Final Exam and Course Evaluation

Now is time to test your understanding on the entire course. Take the final exam and complete the post-course survey. Your valuable feedback will certainly help us improve future iterations of the course....

1 reading, 2 quizzes

1 readings

Rate this course10m

2 practice exercises

Final exam30m

Post-course Survey42m

Instructor

Albert Park

Director of the Institute for Emerging Market Studies, Chair Professor of Social Science and Professor of Economics

About The Hong Kong University of Science and Technology

HKUST - A dynamic, international research university, in relentless pursuit of excellence, leading the advance of science and technology, and educating the new generation of front-runners for Asia and the world....

Frequently Asked Questions

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China’s Economic Transformation Part 1: Economic Reform and Growth in China