China and the West

Edited by Jan Svejnar, James T. Shotwell Professor of Global Political Economy and Director, Center on Global Economic Governance, Columbia University, US and Justin Yifu Lin, National School of Development, Peking University, Beijing, China

• Contents:1 Introduction 1Jan Svejnar and Justin Yifu LinPART I RECENT POLICIES AND PERFORMANCE2 Path to prosperity: China’s transition to marketeconomy in the last four decades 5Justin Yifu Lin3 China’s performance and prospects in the world economy 14Jan Svejnar4 The role of the state in economic growth 20Jacob Lew5 Reflections on the global financial crisis:a comparison of US and China policies 29Frank Song6 Policies for structural reform in China: domesticrebalancing for strong sustainable and inclusivegrowth within and beyond China 39Ehtisham Ahmad, Isabella Neuweg, NicholasStern and Chunping XiePART II TRADE, TENSIONS AND DIVISION OF LABOR7 The potential for cooperation and competition ininternational trade: recent trade growth and drivingfactors – a perspective on current global trade tensions 60Robert Koopman8 Overview of China–US Economic Disputes in 2018 69Feng Lu9 The metabolic nature of changing world order 93Ping Chen10 India and China in the context of rising tradetensions in the global economy 112Arvind PanagariyaPART III DIGITALIZATION AND LEADERSHIP11 The role of innovation and the digital economy:new opportunities and challenges for Chinese, USand European economic policy 120Edmund Phelps12 The digitalisation of Europe’s economy 125Debora Revoltella, Philipp Brutscher and Tessa Bending13 Prospects for China’s drive for innovation: Fromthe perspective of demographics 135Jianzhang Liang14 Evaluation of local leaders in China 148Chong-En Bai and Eric MaskinIndex

'A timely and thought-provoking evaluation of the key policy dilemmas in China and the West. This edited volume, with contributions from leading academics, advances our understanding of topics as diverse as ''murky'' protection, sustainability, artificial intelligence, and local government evaluation.'