Suchergebnisse

On 4-5 June this year, the European Monetary and Financial Forum held its XXXI Regular Session on "Money, regulation and growth: financing new growth in Europe". The event was hosted by the Community of European Universities, based at the Baffi Center - Bocconi University, Milan. 110 central bankers and academics from the US, the UK, France, Israel, the Netherlands, Germany, Canada, Italy, Austria and other countries participated, as well as representatives from important European institutions such as the European Central Bank, the Bank for International Settlements and the European Investment Bank.

This volume is a report by leading international economic experts on China's economic priorities in the coming years. From various aspects of the domestic and foreign situation, China has now reached a critical juncture in its economic development. Unless China is able to overcome the difficulties in undertaking further reforms in the next ten years, China would be caught in the middle-income trap and be unable to become a modern country. The future course of China's economic development is also of great concern to the rest of the world because the socio-political-economic conditions in China will have significant impact on global economic prosperity and on global political harmony.The book is a product of close collaboration between the School of Economics at Fudan University and the Earth Institute at Columbia University. They cover a new paradigm for growth, short-term demand management, institutional reforms for middle-term growth, and strengthening the fundamentals for long-term growth.

Cover -- Title Page -- Copyright -- Contents -- The Economy of Early New York -- The Fur Trade -- Farming in New York State -- Fishing in New York State -- Mining, Logging, Oil, and Natural Gas -- Banking and Finance -- The Industrial Revolution in New York State -- Factories Change How Things Are Made -- Canals, Roads, and Railroads -- New York State's Economy Today -- Glossary -- Index -- Primary Source List -- Websites -- Back Cover

This paper forms part of the Treasury's ongoing work programme investigating New Zealand's economic performance. It represents one approach to understanding New Zealand's economic performance, that of reviewing theoretical and empirical literature on economic growth. Other research approaches the Treasury is adopting to shed light on these issues include: - monitoring New Zealand's total factor productivity performance; - learning from overseas experience; and reviewing linkages between specific policy issues and economic growth. The paper seeks to provide a synthesis of recent thinking about New Zealand's economic growth performance by reviewing international growth literature, and the views of commentators analysing New Zealand's economic performance. The synthesis suggests that there are no obvious policy options that will dramatically improve New Zealand's growth performance, and this is consistent with international findings on the growth experience of industrialised economies. Growth is influenced by much more than Government policy, even if well formulated. Current policy settings seem broadly consistent with the literature's general conclusions on requirements for growth. An important conclusion is that there are many potential contributors to growth. Typically, a small proportion of firms and industries contribute disproportionately to growth. The contribution of individual firms and sectors can change quite rapidly. Policy formation needs to take such a vision into account.

The economic growth, which is underway in Russia, raises new questions to be addressed. How to improve the quality of growth, increasing the role of new competitive sectors and transforming them into the driving force of growth? How can progressive structural changes be implemented without hampering the rate of growth in general? What are the main external and internal risks, which may undermine positive trends of development? The author looks upon financial, monetary and foreign exchange aspects of the problem and comes up with some suggestions on how to make growth more competitive and sustainable.