Monday, October 3, 2016

Timothy Taylor — China Flexes Toward Consumption?

Rebalancing away from an export-led model of growth as China seeks to avoid the middle income trap.  

China has done much better than most other emerging nations in lifting people out of poverty. Now it seeks to join Japan and South Korea in joining the high income countries. 

To do this seamlessly,  China needs to innovate and streamline, increasing productivity and expanding the middle class. This is a task set in the current 5-year plan.

Convertible Economist
China Flexes Toward Consumption?
Timothy Taylor | Managing editor of the Journal of Economic Perspectives, based at Macalester College in St. Paul, Minnesota

No comments: