Economic Growth in the People's Republic of China.
NAVAL POSTGRADUATE SCHOOL MONTEREY CA
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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
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