Farewell to China's GDP Worship

Business & Finance, Economics, Macroeconomics, Economic Development
Cover of the book Farewell to China's GDP Worship by Jinzao Li, World Scientific Publishing Company
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Jinzao Li ISBN: 9789813220256
Publisher: World Scientific Publishing Company Publication: December 28, 2017
Imprint: WSPC Language: English
Author: Jinzao Li
ISBN: 9789813220256
Publisher: World Scientific Publishing Company
Publication: December 28, 2017
Imprint: WSPC
Language: English

Economic and social development is and will be the main task in the long run in China, and development is the basis and key to solve the problems faced. Although people have been criticising its limitations for reasons of one sort or another, no better alternative index has ever been put forward. GDP is still commonly used all over the world, not only as a fundamental and comprehensive indicator for economic analysis, but also as an important basis for many rules and evaluations. It is impossible to abolish GDP, but it is now the time to bid farewell to its worship.

By saying goodbye to China's GDP worship, the role of GDP may be downplayed and restored to its original position. In modern China, in order to adhere to the essential guideline that development is the absolute principle, it is necessary to steadfastly undertake scientific development, pay more attention to the people, place more emphasis on comprehensive, concerted and sustainable development, give priority to the overall consideration of various aspects of development, and make more efforts to protect and improve people's livelihood and promote social equality and justice.

In light of the spirit of scientific outlook on development, it is imperative to establish new concepts, an evaluation system and an assessment mechanism on economic and social development, especially to accelerate the transformation of the mode of economic development. It will be a profound change covering the entire process and various aspects of economic and social development. It is a requirement of the times, and also a choice to be made at such a new and historical starting point.

Based on the outstanding research findings of many visionaries and the initial practices in some local areas in recent years, this book proposes to switch the focus to multi-dimensional and comprehensive indicators from GDP alone and establish a new economic and social evaluation system, that is, abandon the GDP-centred evaluation system or GDP worship and adopt a comprehensive evaluation system for economic and social development embodying the scientific outlook on development — the comprehensive development index (CDI).

Contents:

  • What is GDP?
  • Use of GDP
  • Limitations of GDP
  • GDP Comparison between China and Other Countries and Regions Including the US, Japan, Europe and India and Evolution of the Differences
  • Where Will GDP Go?
  • Conclusion: Establishing a New Fundamental Concept on Social and Economic Development

Readership: This book is intended for members of the general public as well as professionals with an interest in China and its development.
0

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Economic and social development is and will be the main task in the long run in China, and development is the basis and key to solve the problems faced. Although people have been criticising its limitations for reasons of one sort or another, no better alternative index has ever been put forward. GDP is still commonly used all over the world, not only as a fundamental and comprehensive indicator for economic analysis, but also as an important basis for many rules and evaluations. It is impossible to abolish GDP, but it is now the time to bid farewell to its worship.

By saying goodbye to China's GDP worship, the role of GDP may be downplayed and restored to its original position. In modern China, in order to adhere to the essential guideline that development is the absolute principle, it is necessary to steadfastly undertake scientific development, pay more attention to the people, place more emphasis on comprehensive, concerted and sustainable development, give priority to the overall consideration of various aspects of development, and make more efforts to protect and improve people's livelihood and promote social equality and justice.

In light of the spirit of scientific outlook on development, it is imperative to establish new concepts, an evaluation system and an assessment mechanism on economic and social development, especially to accelerate the transformation of the mode of economic development. It will be a profound change covering the entire process and various aspects of economic and social development. It is a requirement of the times, and also a choice to be made at such a new and historical starting point.

Based on the outstanding research findings of many visionaries and the initial practices in some local areas in recent years, this book proposes to switch the focus to multi-dimensional and comprehensive indicators from GDP alone and establish a new economic and social evaluation system, that is, abandon the GDP-centred evaluation system or GDP worship and adopt a comprehensive evaluation system for economic and social development embodying the scientific outlook on development — the comprehensive development index (CDI).

Contents:

Readership: This book is intended for members of the general public as well as professionals with an interest in China and its development.
0

More books from World Scientific Publishing Company

Cover of the book Solid State Quantum Information — An Advanced Textbook by Jinzao Li
Cover of the book Progress in Liquid Crystal Science and Technology by Jinzao Li
Cover of the book Modern Physics and Technology for Undergraduates by Jinzao Li
Cover of the book From Trade Surplus to the Dispute over the Exchange Rate by Jinzao Li
Cover of the book Good Intentions Are Not Enough by Jinzao Li
Cover of the book Western Perspectives on the People's Republic of China by Jinzao Li
Cover of the book Searching for the Best Medicine by Jinzao Li
Cover of the book Lecture Notes on Field Theory in Condensed Matter Physics by Jinzao Li
Cover of the book Advances in Computation, Modeling and Control of Transitional and Turbulent Flows by Jinzao Li
Cover of the book Promoting Better Lifetime Planning Through Financial Education by Jinzao Li
Cover of the book 21st Century Global Health Diplomacy by Jinzao Li
Cover of the book Principles and Techniques in Oncoplastic Breast Cancer Surgery by Jinzao Li
Cover of the book Differential Operators on Spaces of Variable Integrability by Jinzao Li
Cover of the book Statistical Mechanics and the Physics of Many-Particle Model Systems by Jinzao Li
Cover of the book Medical Philosophy by Jinzao Li
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy