Economic–social interaction in China1

Assar Lindbeck

The Economics of Transition, 2008, vol. 16, issue 1, 113-139

Abstract: This paper analyzes economic–social interaction in China in connection with the country's change of economic system. I define an economic system in terms of a multi‐dimensional vector of broad institutional characteristics, and I emphasize that important features of the social development are closely related to specific changes in these various dimensions. I classify China's options for future social improvements into three broad categories: (i) policies that improve the stability and distribution of factor income; (ii) government‐created wedges between factor income and disposable income; and (iii) improvements in the quantity, quality and distribution of human services, such as education and healthcare.

Date: 2008
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https://doi.org/10.1111/j.1468-0351.2007.00315.x

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Persistent link: https://EconPapers.repec.org/RePEc:bla:etrans:v:16:y:2008:i:1:p:113-139

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