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China’s Economic Transformation Part 1: Economic Reform and Growth in China
  • Level Foundation
  • Course by The Hong Kong University of Science and Technology
  • Offered by

About

In 1978, after nearly 30 years of socialist planning under Mao Zedong, China was one of the world’s poorest countries, saddled with an inefficient, inward-looking economy. Today, China is an upper-middle income country and the world’s largest trading nation, contributing more to global economic growth than any other nation. How could such a remarkable transformation take place? This course will examine in detail the reforms that have contributed to China’s economic development and the current challenges facing the Chinese economy. After completing this course, you will be able to: - describe the origin and consequences of China’s key economic reforms since 1978; - explain how features of China’s fiscal and financial systems have impacted development outcomes; - assess the extent to which China has integrated itself into the global economy and the consequences of such integration for China and other countries; - explain the importance of different sources of economic growth during different periods since 1978; and - critically assess the economic and policy challenges facing China going forward. This course does not offer certificate at the moment. Course Overview video: https://youtu.be/YBkhpvWUoIw

Modules

Orientation

    • 1 Videos
    • 1 Readings
    • 1 Discussion
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1 Discussions

  • Discussion: Meet and Greet

1 Videos

  • Course Overview

1 Readings

  • Assignments and Grading

Module 1: China’s Gradualist Reforms

    • 7 Videos
    • 2 Readings
    • 1 Discussion
    • 1 Assignment
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1 Assignment

  • Quiz 1

1 Discussions

  • Module 1 Discussion

7 Videos

  • 1.1 China’s Gradualist Reforms – An Introduction
  • 1.2 Institutional Change – A Framework
  • 1.3 Reform Overview
  • 1.4 Decollectivization of Agriculture
  • 1.5 The Rise and Fall of Township and Village Enterprises (TVEs)
  • 1.6 The Problem of State-owned Enterprises
  • 1.7 China’s Gradualist Reforms – Module Summary

2 Readings

  • Module 1 Course Reading
  • Module 1 Lecture References

Module 2: Fiscal and Financial System Reform

    • 7 Videos
    • 2 Readings
    • 1 Discussion
    • 1 Assignment
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1 Assignment

  • Quiz 2

1 Discussions

  • Module 2 Discussion

7 Videos

  • 2.1 Fiscal and Financial System Reform – An Introduction
  • 2.2 Fiscal Decentralization: Pros and Cons
  • 2.3 Reforming the Fiscal System
  • 2.4 The Soft Budget Constraint
  • 2.5 Reforming the Financial System
  • 2.6 Shadow Banking: Threat or Opportunity?
  • 2.7 Fiscal and Financial System Reform – Module Summary

2 Readings

  • Module 2 Course Reading
  • Module 2 Lecture References

Module 3: Globalization: Trade and Foreign Direct Investment

    • 10 Videos
    • 2 Readings
    • 1 Discussion
    • 1 Assignment
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1 Assignment

  • Quiz 3

1 Discussions

  • Module 3 Discussion

10 Videos

  • 3.1 Globalization: Trade and Foreign Direct Investment – An Introduction
  • 3.2 International Trade: Performance and Policies
  • 3.3 Trade and Development
  • 3.4 Foreign Direct Investment
  • 3.5 Foreign Direct Investment – Firm Visits in China
  • 3.6 China’s Outbound Foreign Direct Investment
  • 3.7 China’s Outbound FDI – An Expert Discussion
  • 3.8 Internationalization of the Renminbi
  • 3.9 Internationalization of the Renminbi – An Expert Discussion
  • 3.10 Globalization: Trade and FDI – Module Summary

2 Readings

  • Module 3 Course Reading
  • Module 3 Lecture References

Module 4: Economic Growth and Structural Change

    • 6 Videos
    • 2 Readings
    • 1 Discussion
    • 1 Assignment
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1 Assignment

  • Quiz 4

1 Discussions

  • Module 4 Discussion

6 Videos

  • 4.1 Economic Growth and Structural Change – An Introduction
  • 4.2 Sources of Growth
  • 4.3 Structural Change
  • 4.4 Resource Misallocation
  • 4.5 Productivity Growth
  • 4.6 Economic Growth and Structural Change – Module Summary

2 Readings

  • Module 4 Course Reading
  • Module 4 Lecture References

Module 5: Governance and Current Challenges

    • 9 Videos
    • 2 Readings
    • 1 Discussion
    • 1 Assignment
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1 Assignment

  • Quiz 5

1 Discussions

  • Module 5 Discussion

9 Videos

  • 5.1 Governance and Current Challenges – An Introduction
  • 5.2 China’s Governance Puzzle
  • 5.3 Incentivizing Local Leaders
  • 5.4 Economic Challenges
  • 5.5 Rebalancing Growth
  • 5.6 Challenge of Rising Wages
  • 5.7 Challenge of Rising Wages – Firm Visits in China
  • 5.8 Governance and Current Challenges – Module Summary
  • 5.9 Economic Reform and Growth in China – Conclusion

2 Readings

  • Module 5 Course Reading
  • Module 5 Lecture References

Final Exam

    • 1 Assignment
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1 Assignment

  • Final exam

Course Evaluation

    • 1 Readings
    • 1 Assignment
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1 Assignment

  • Post-course Survey

1 Readings

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Albert Park
Instructor

Albert Park