Public Finance in China: Reform and Growth for a Harmonious Society

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9780821369272: Public Finance in China: Reform and Growth for a Harmonious Society

Since 1980, China's economy has been the envy of the world. Is annual growth rate of more than 9 percent during this period makes China today the world's fourth-largest economy. And this sustained growth has reduced the poverty rate from 60 percent of the population to less than 10 percent. However, such rapid growth has also increased inequalities in income and access to basic services and stressed natural resources. The government seeks to resolve these and other issues by creating a 'harmonious society' -- shifting priorities from the overriding pursuit of growth to more balanced economic and social development.

This volume compiles analyses and insights from high-level Chinese policy makers and prominent international scholars that address the changes needed in public finance for success in the government's new endeavor. It examines such key policy issues as public finance and the changing role of the state; fiscal reform and revenue and expenditure assignments; intergovernmental relations and fiscal transfers; and financing and delivery of basic public goods such as compulsory education, innovation, public health, and social protection. And it offers concrete recommendations for immediate policy changes and for China's future reform agenda.

‘Public Finance in China' is a must-read for specialists in public finance and for those seeking an understanding of the complex and daunting challenges China is facing.

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"A key to China's successful reform has been the decision makers' ability to identify major constraints for development and transition, open their minds to different recommendations, and make decisions based on their understanding of desirability and feasibility in this country. This book is a good example of public policy debates in China." --Justin Yifu Lin, World Bank Chief Economist and Senior Vice President

"Public sector institutions will play a critical role in determining the future pace of China's growth and the distribution of income and welfare. The contributions in this volume frame the central issues that scholars and policy makers concerned with taxation and the design of public spending programs must confront in the decades ahead." --James Poterba, Mitsui Professor of Economics, Massachusetts Institute of Technology; Director, Public Economics Research Program, National Bureau of Economic, Research, Cambridge, Mass

"The authors should be highly commended for their deep understanding of China's financial, economic, and social issues; the soundness of their arguments; and the relevance of their policy recommendations. The publication and dissemination of this book will no doubt greatly promote the further study and broader exchange of ideas on these important issues." --Jinglian Wu, Vice Chairman, Committee for Economic Affairs, National Committee of the Chinese People's Political Consultative Conference; Senior Research Fellow, Development Research Center of the State Council, Beijing

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Published by World Bank Publications, United States (2008)
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Book Description World Bank Publications, United States, 2008. Paperback. Book Condition: New. Language: English . Brand New Book ***** Print on Demand *****.This book summarizes the key challenges and constraints facing China in maintaining rapid growth while simultaneously trying to achieve the Government s stated goal of creating a harmonious society. Bringing together analysis and insights from high-level Chinese policy makers and prominent international scholars, the volume analyzes such key policy issues as public finance and the changing role of the state, fiscal reform and revenue and expenditure assignments, inter-governmental relations and fiscal transfers, and financing and delivery of basic public goods. Bookseller Inventory # AAV9780821369272

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Book Description World Bank Publications, United States, 2008. Paperback. Book Condition: New. Language: English . Brand New Book ***** Print on Demand *****. This book summarizes the key challenges and constraints facing China in maintaining rapid growth while simultaneously trying to achieve the Government s stated goal of creating a harmonious society. Bringing together analysis and insights from high-level Chinese policy makers and prominent international scholars, the volume analyzes such key policy issues as public finance and the changing role of the state, fiscal reform and revenue and expenditure assignments, inter-governmental relations and fiscal transfers, and financing and delivery of basic public goods. Bookseller Inventory # AAV9780821369272

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