The Butterfly Effect in China’s Economic Growth

The Butterfly Effect in China’s Economic Growth PDF

Author: Wei-Bin Zhang

Publisher: Springer Nature

Published: 2020-11-24

Total Pages: 224

ISBN-13: 9811598894

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This book examines the butterfly effect in China's modern economic development during the period of 1978–2018. In chaos theory, the butterfly effect refers to a phenomenon that a butterfly flaps its wings in Okinawa, and subsequently a storm may ravage New York. Deng applied a trivial idea, called the market mechanism, to China’s countryside in 1978. The idea has subsequently caused economic structural changes and fast growth in the economy with the largest population in human history. China’s per capita GDP jumped from $100 in 1978 to over US$8,000 in 2018. Eight hundred million people have made a great escape from poverty. By 2018, China was the world’s second-largest economy from its 10th position in 1978 with its 9 per cent average annual growth rate of GDP in the previous four decades. This illuminating book will be of value to economists, scholars of China, and historians.

The Butterfly Effect in China's Economic Growth

The Butterfly Effect in China's Economic Growth PDF

Author: Wei-Bin Zhang

Publisher:

Published: 2021

Total Pages: 0

ISBN-13: 9789811598906

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This book examines the butterfly effect in China's modern economic development during the period of 1978-2018. In chaos theory, the butterfly effect refers to a phenomenon that a butterfly flaps its wings in Okinawa, and subsequently a storm may ravage New York. Deng applied a trivial idea, called the market mechanism, to China's countryside in 1978. The idea has subsequently caused economic structural changes and fast growth in the economy with the largest population in human history. China's per capita GDP jumped from $100 in 1978 to over US$8,000 in 2018. Eight hundred million people have made a great escape from poverty. By 2018, China was the world's second-largest economy from its 10th position in 1978 with its 9 per cent average annual growth rate of GDP in the previous four decades. This illuminating book will be of value to economists, scholars of China, and historians. Wei-Bin Zhang, Ph.D. (Umeå, Sweden), is Professor of Economics in Ritsumeikan Asia Pacific University (APU), Japan. He was graduated in 1982 from the Department of Geography, Beijing University, China. He completed graduate study at the Department of Civil Engineering, Kyoto University, Japan. After he completed his dissertation on economic growth theory, he researched at the Swedish Institute for Futures Studies in Stockholm for 10 years. During the Swedish period, he also worked as visiting scholars in USA, Japan, Mainland China, Austria, and Hong Kong. He taught at the Department of Economics, NUS, until May 2000, for one and half years, after he had been appointed as Tenured Professor at APU in 1998. His main research fields are nonlinear economic dynamics, growth theory, trade theory, East Asian economic development, and Confucianism. He has single-authorized about 360 academic articles (240 in peer-review international journals) and authorized 23 academic books in English by international publishing houses. Prof. Zhang is one of the editorial board members of 15 international journals.

China's Remarkable Economic Growth

China's Remarkable Economic Growth PDF

Author: John Knight

Publisher: Oxford University Press

Published: 2012-04-12

Total Pages: 355

ISBN-13: 0199698694

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China's economy has been growing at ten per cent per annum for the last three decades. This book considers one of the biggest questions facing contemporary economists: why and how is the Chinese economy growing so fast?

The New Silk Road and the Innovation Economy in China

The New Silk Road and the Innovation Economy in China PDF

Author: Jon-Arild Johannessen

Publisher: Taylor & Francis

Published: 2023-02-28

Total Pages: 216

ISBN-13: 1000837238

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This book provides deep insight into the emergent Chinese innovation economy, as we head towards the Fourth Industrial Revolution. It describes, discusses and analyzes the period from China’s opening up to foreign investment in the 1980s until the New Silk Road project, from 2013 onwards. The developments are assessed from a systemic thinking and evolutionary economic standpoint. The book presents the latest research findings on the direction and achievements of the Belt and Road Initiative, and the results both for China, the countries along the new Silk Road, as well as for Europe and the United States are brought to light. The author asserts that the phenomenon of the New Silk Road as an innovation generator can be understood and explained through the effects of various social mechanisms. He labels these five social mechanisms as: the locomotive force; the explosive force of the butterfly effect; the force of co-creation; the force of expectation; and the force of competence. The book presents 20 cases to substantiate the descriptions, analysis, theoretical reflections and the practical utility of the questions examined in each chapter. It utilizes economic history research methods, scenario thinking, futures research and conceptual generalization to offer different views on the research problem under investigation. Further, the book offers policy suggestions, which include promoting effective macroeconomic policies, and extending microeconomic cooperation schemes, related to the innovation economy. The book will appeal to academics, researchers and graduate students concerned with Chinese economic expansion, Chinese foreign policy and US- and Europe-China relations, as well as policymakers and political advisors.

China’s Economic Reform and Development during the 13th Five-Year Plan Period

China’s Economic Reform and Development during the 13th Five-Year Plan Period PDF

Author: Gang Lin

Publisher: Routledge

Published: 2020-09-23

Total Pages: 238

ISBN-13: 1351611119

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"Five-Year Plans" have been a cornerstone of Chinese social and economic development initiatives since 1953. During the thirteenth of these periods between 2016 and 2020, the global economy has experienced instability after the financial crisis, as well as political and economic reconfiguration. Drawing on modern economic theory, this book comprehensively discusses China's economic development in this crucial phase. The book analyzes the international economic environment, and asks how China’s continued reform and opening-up can fit with the new era of economic globalization. It also presents the difficulties China faces in such fields as urbanization, the coordination of regional development and urban-rural integration, economic reform, and the reform of factor markets and state-owned enterprises. The book outlines many medium-term development rules along with key characteristics of China's economy, helping international readers fully understand likely future trajectories for the Chinese economy.

The Butterfly Defect

The Butterfly Defect PDF

Author: Ian Goldin

Publisher: Princeton University Press

Published: 2015-10-20

Total Pages: 320

ISBN-13: 0691168423

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How to better manage systemic risks—from cyber attacks and pandemics to financial crises and climate change—in a globalized world The Butterfly Defect addresses the widening gap between the new systemic risks generated by globalization and their effective management. It shows how the dynamics of turbo-charged globalization has the potential and power to destabilize our societies. Drawing on the latest insights from a wide variety of disciplines, Ian Goldin and Mike Mariathasan provide practical guidance for how governments, businesses, and individuals can better manage globalization and risk. Goldin and Mariathasan demonstrate that systemic risk issues are now endemic everywhere—in supply chains, pandemics, infrastructure, ecology and climate change, economics, and politics. Unless we address these concerns, they will lead to greater protectionism, xenophobia, nationalism, and, inevitably, deglobalization, rising inequality, conflict, and slower growth. The Butterfly Defect shows that mitigating uncertainty and risk in an interconnected world is an essential task for our future.

America the Great and Its Self-Destruction

America the Great and Its Self-Destruction PDF

Author: Wei Bin Zhang

Publisher: Algora Publishing

Published: 2021-10-01

Total Pages: 272

ISBN-13: 1628944781

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The accelerating self-destruction of the United States cannot be hidden when the loss of productivity, loss of faith in government, enflamed identity politics and social fragmentation are constant and are clearly documented. Any national assessment should be grounded in facts, and Prof. Zhang provides a plethora of economic data as a baseline for discussion. The figures and graphs reveal many sides of America that we may generally miss. In addition, Chinese and other Asians familiar with ancient Confucianism have their own sources of wisdom and commentary to guide them in assessing how they and their neighbors think and behave. Here, a Chinese academic familiar with both worlds shares his impressions and his conclusions. Prof. Zhang juxtaposes the political, economic and cultural behavior of America with sparkling quotes from Confucius, Mencius, Xun Zi, as well as Western classical thinkers from Plato to Quesnay and Weber. The book gives us a new perspective on our country — with insights as well from Chaos Theory. In this book we explore how the basic concepts of the yin-yang vision, and socioeconomic chaos theory, can help us understand American civilization, what it represents, and the natural cycles it is going through. Confucianism is more rationalist and sober, in the sense of the absence and the rejection of all non-utilitarian yardsticks, than any other ethical system, with the possible exception of J. Bentham’s. The author presents data on American economic and social trends, and systematically compares the basic ideas of Confucius and Adam Smith. These are interwoven with hundreds of pithy observations on America from a wide spectrum of commentators, from intellectual lumaries to Hollywood stars. The aim of studying the history of human societies, the author says, is to find the equations, i.e., mechanisms, of historical evolution; by stepping back to view events from different perspectives he seeks to present America as an organic whole, going beyond a partial, one-sided view of history — neither the patrician perspective nor that of the workers and the poor. The book is basically an application of the author’s general theory on socioeconomic evolution to provide some insights into America’s evolution by viewing it under an alternative ethical system (ancient Confucianism), with insights from chaos theory.

Complexity Theory and Uncertainties

Complexity Theory and Uncertainties PDF

Author: Wei-Bin Zhang

Publisher: Springer Nature

Published: 2023-11-13

Total Pages: 132

ISBN-13: 3031423941

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This book provides an overview of recent developments of complexity theory within the realm of social sciences. At a time when global and local social, political, cultural, and economic affairs are engulfed in chaos, this book sheds light on the mechanisms of uncertainties, offering new visions and frameworks for analyzing the nonlinear interactions between individuals, societies, and the environment. From exploring the foundational elements that shape our understanding of humanity, such as worldviews, justice, and trust, to applying complexity theory in the realms of politics, economics, management, strategies, and wars, this monograph provides a comprehensive examination of its far-reaching implications. By examining historical bifurcations and structural changes in American history and China's modern development, it emphasizes how complexity theory can serve as a bridge for intellectual and cultural communication between Western (Newtonian) and East Asian (yin-yang-based) civilizations. Moreover, the book elucidates that nonlinear phenomena, including bifurcations, catastrophes, structural changes, emergence of structures, and chaos, are integral aspects of human evolution. It unveils the positive potential within chaos, demonstrating that a comprehensive understanding of catastrophic mechanisms enables humanity to prevent global disasters by leading systems to chaotic attractors without destructive consequences. Through an exploration of the intricate interdependencies among individuals, societies, and the environment, this book offers a unique and comprehensive introduction to the application of complexity theory to the realm of humanity.

Routledge Handbook of Chinese Security

Routledge Handbook of Chinese Security PDF

Author: Lowell Dittmer

Publisher: Routledge

Published: 2015-05-08

Total Pages: 392

ISBN-13: 1317496558

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Located in the center of Asia with one of the largest land frontiers in the world and 14 neighbors whose dispositions could not easily be predicted, China has long been obsessed with security. In this handbook, an internationally renowned team of contributors provide a comprehensive and systematic analysis of contemporary thinking about Chinese national security. Chapters cover the PRC's historical, ideological and doctrinal heritage related to security, its security arrangements and policies targeting key regions and nations of the world, the security aspects of the PRC's ground, air, sea, space and cyber forces, as well as the changing and expanding definition and scope of China's security theory and practice.

China's Economic Development Strategies: Transformation And Innovation

China's Economic Development Strategies: Transformation And Innovation PDF

Author: Rui Liu

Publisher: World Scientific

Published: 2020-04-28

Total Pages: 347

ISBN-13: 9811205620

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China is a powerful engine of the global economy and the country's rise is undoubtedly the outcome of its protracted campaign of designing and implementing national development strategies since the founding of the People's Republic of China in 1949. This book reviews the transformation and innovation of China's economic development strategies, especially Deng Xiaoping's Three-Step strategy and Xi Jinping's internal and external strategies. By introducing the concept of strategic paradigm, it analyzes the theoretical basis of myriads of economic development strategies and predicts China's choice. With the evolutionary process and the outstanding problems in national development planning as the main thread, it discusses the improvement of the national planning system, specifically of the national overall planning system, the regional planning system, the interplay and conflict between regional planning. It also studies the reform of city-county planning system, major function-oriented zones (MFOZs) and planning legislation and institutionalization. It also attempts to put forward proposals to coordinate the interests of planning departments and make different types of planning at different administrative levels compatible.