Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/63461
Authors: 
Cai, Fang
Year of Publication: 
2008
Series/Report no.: 
Research Paper, UNU-WIDER, United Nations University (UNU) 2008/09
Abstract: 
With the aid of an analytical framework of the Lewis model revised to reflect the experience of China, this paper examines the country’s dualistic economic development and its unique characteristics. The paper outlines the major effects of China’s growth as achieved during the course of economic reform and the opening-up of the country: the exploitation of the demographic dividend, the realization of comparative advantage, the improvement of total factor productivity, and participation in economic globalization. By predicting the long-term relationship between the labour force demand and supply, the paper reviews the approaching turning point in China’s economic development and examines a host of challenges facing the country in sustaining growth.
Subjects: 
demographic dividend
Lewisian turning point
economic development
China
JEL: 
J11
J21
O53
ISBN: 
978-92-9230-051-7
Document Type: 
Working Paper

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