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China is currently experiencing a structural change toward tertiarization and an implied growth slowdown associated … with it. The paper investigates whether this growth slowdown is merely cyclical or a negative trend, and further what China … in recent decades. The pitfalls of the current ``soft'' rebalancing policy in China are analyzed in the context of this …
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Preface -- Acknowledgements -- Acronyms and abbreviations -- Structural transformation in developing countries -- Employment -- Productivity growth -- Urbanization -- Industrialization -- Poverty -- Role of the state and policy -- Index
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In economic development, structural change among the three main sectors of an economy accompanies with aggregate economic growth. Nevertheless the question whether economic growth causes structural change or change in the economic structure causes aggregate growth is still unanswered. To shed...
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