Accession Number:

ADA359902

Title:

Economic Growth in the People's Republic of China.

Descriptive Note:

Master's Thesis

Corporate Author:

NAVAL POSTGRADUATE SCHOOL MONTEREY CA

Personal Author(s):

Report Date:

1998-12-01

Pagination or Media Count:

95.0

Abstract:

13. ABSTRACT maximum 200 words This thesis studies the Chinese economy, analyzing the economic growth China has experienced since Deng Xiaoping instituted reforms in 1978. An autoregressive- distributed lag method with an error correction model was used to forecast GNP growth. Three scenarios were constructed using high, medium, and low growth patterns. Sino-US relations are in the high end of a cyclical pattern. Economic policy is used as a tool for developing foreign policy in areas such as weapons proliferation and human rights. President Clintons administration is using economic interaction to pursue a policy of engagement that is designed to work with PRC leaders, fostering a move away from Communism, toward a free market economy and democracy. PRC leaders demonstrated sound macroeconomic policies, despite the Asian economic crisis and the resulting decrease in market demand. PRC growth stems from increases in productivity and has taken advantage of underemployed workers as well as the opening of trade. The PRC faces substantial problems both from within and outside its borders. The country has a history of such problems and disruptions, yet it still realizes economic growth. The conclusion of this thesis is that the economic growth that the PRC has demonstrated is sustainable

Subject Categories:

  • Economics and Cost Analysis

Distribution Statement:

APPROVED FOR PUBLIC RELEASE