Course Overview

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Do curso por The Hong Kong University of Science and Technology

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

28 classificações

The Hong Kong University of Science and Technology

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

28 classificações

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

Na lição

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.

Course Overview3:51

Conheça os instrutores

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

Greetings, my name is Albert Park.

I'm the director or the Institute for Emerging Markets Studies and

a professor in the Social Science division and

Economic Department at the Hong Kong University of Science and Technology.

I'm standing here at the economic gateway to China.

Behind me are the massive container ports of Hong Kong.

Through which more that 300 billion US dollars of goods,

produced by the factory of the world, are shipped each year to

destinations around the globe including to stores near your home.

What a great vantage point for appreciating China's remarkable economic

transformation, a process which began more than three decades ago.

[MUSIC]

In 1978, after nearly 30 years of socialist planning under Mao Zedong.

China was one of the world's poorest countries,

saddled with a highly inefficient, inward looking, economy.

[MUSIC]

With the ascension of Deng Xiaoping, China undertook fundamental economic

reforms that unleashed market forces, opened the country to the outside world,

and lifted millions of Chinese out of poverty.

From 1978 through 2015,

China grew at an average annual growth rate of 10% per year.

Today, China has the largest GDP of any country in the world,

measured by purchasing power parity.

It is the world's largest trading nation.

Not surprisingly, these days,

it's nearly impossible to read the news without confronting headlines about China.

Or work in a sector that does not require engagement with China.

For a country of over a billion people, to grow so

fast for so long, is an unprecedented historical achievement.

But how could such a remarkable transformation occur?

What reforms made it happen?

And how have they affected the lives of Chinese citizens?

Can rapid economic growth continue?

And if so, for how long?

What are the key challenges currently facing the Chinese economy?

If you are interested in learning the answers to these questions,

I welcome you to take this course on China's economic transformation.

[MUSIC]

The course consists of two parts.

Part one is on economic reform and growth in China.

In this part of the course, you will learn about China's key economic reforms in

different sectors, in China's macro development, including the role of

international trade and investment, and the sources of economic growth.

[MUSIC]

Part two focuses on the human dimensions of economic development.

Covering topics such as demographic changes caused by the one child policy,

China's massive rural to urban migration, and poverty and inequality in China.

[MUSIC]

In both parts of the course, we will visit China together.

And speak with firm managers and

other individuals affected by China's economic reforms.

>> There's a big debate in China,

even though Xi Jinping has become a kind of movement.

>> To discuss some critical issues,

we will interview leading experts in the field.

>> They grew very fast.

>> I have been conducting research and

teaching about the Chinese economy for two and a half decades.

I've organized a large number of surveys of households,

workers and firms in all parts of China.

Through these many projects,

I've gained many firsthand insights into the Chinese economy.

If you want to gain a deeper understanding about how the Chinese economy works, and

what it means for China's future, you need to take this course.

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