Ross Garnaut

The fog of Australian politics on climate change has obscured a fateful reality: Australia has the potential to be an economic superpower of the future post-carbon world. We have unparalleled renewable energy resources. We also have the necessary scientific skills. Australia could be the natural home for an increasing proportion of global industry. But how do we make this happen? In this crisp, compelling book, Australia’s leading thinker about climate and energy policy offers a road map for progress, covering energy, transport, agriculture, the international scene and more. Rich in ideas and practical optimism, Superpower is a crucial, timely contribution to this country’s future.

Australia's Low-Carbon Opportunity

Superpower

From the bestselling author, a ground-breaking sequel to Superpower. In Reset, renowned economist Ross Garnaut shows how the COVID-19 crisis offers Australia the opportunity to reset its economy and build a successful future - and why the old approaches will not work. Garnaut develops the idea of a renewable superpower, he calls for a basic income and he explores what the 'decoupling' of China and America will mean for Australia. In the wake of COVID-19, the world has entered its deepest recession since the 1930s. Shocks of this magnitude throw history from its established course - either for good or evil. In 1942 - in the depths of war - the Australian government established a Department of Post-War Reconstruction to plan a future that not only restored existing strengths but also rebuilt the country for a new and better future. As we strive to overcome the coronavirus challenge, we need new, practical ideas to restore Australia. This book has them.

Reset; Restoring Australia After the Great Crash Of 2020

‘The nation’s most prophetic economist’—Ross Gittins In Reset, renowned economist Ross Garnaut shows how the COVID-19 crisis offers Australia the opportunity to reset its economy and build a successful future – and why the old approaches will not work. Garnaut develops the idea of a renewable superpower, he calls for a basic income and he explores what the ‘decoupling’ of China and America will mean for Australia. In the wake of COVID-19, the world has entered its deepest recession since the 1930s. Shocks of this magnitude throw history from its established course – either for good or evil. In 1942 – in the depths of war – the Australian government established a Department of Post-War Reconstruction to plan a future that not only restored existing strengths but also rebuilt the country for a new and better future. As we strive to overcome the coronavirus challenge, we need new, practical ideas to restore Australia. This book has them. La Trobe University Press in conjunction with Black Inc. and the University of Melbourne

Reset

A blueprint for the nation after the boom. Australians have just lived through a period of exceptional prosperity, but, says influential economist Ross Garnaut, the Dog Days are on their way. Are we ready for the challenges ahead? In Dog Days, Garnaut explains how we got here, what we can expect next and the tough choices we need to make to survive the new economic conditions. Are we clever enough – and our leaders courageous enough – to change what needs to be changed and preserve a fair and prosperous Australia? This is a book about the future by a leading adviser to government and business, someone with a proven record of seeing where the nation is going. Both forecast and analysis, it heralds a new era for Australia after the boom.

Australia After the Boom

Dog Days

Ligang Song

The Chinese economy is currently undergoing an institutional transformation as profound as the replacement of the people's communes with the household responsibility system in the early 1980s and the emergence of township and village enterprises as the main locus of economic dynamism in the second half of the 1980s. This third dramatic transformation is the emergence of the private sector as the main source of the country's economic growth. This book discusses the key issues in private sector development in China and includes: An overview of the development of private enterprises in China Analysis of the development and emerging paths toward private enterprise Examination of the business environment in which private enterprises operate How the legal environment has changed through economic reform Managerial capabilities and state-business interactions Suggestions of policy recommendations Perhaps controversially, the contributors suggest that private sector development is necessary to maintain the dynamism of the Chinese economy and create greater employment opportunities. China's Third Economic Transformation will appeal to scholars of Asian Economics and business who are interested in the rapid growth of the private sector in China.

The Rise of the Private Economy

China's Third Economic Transformation

The profound economic transformation in China is not a linear process. It is subject to fundamental shifts in its underlying structure. One of those structural transformations will be a shift from unlimited to limited supplies of labour in China's economic development. Is China approaching this turning point? What are the dynamic forces in driving China moving towards this turning point? What are the economic and policy implications of this turning point in China's economic transformation and development? The book discusses these important issues by focusing on China's long-term pattern of growth and employment, demographic shifts and rural-urban migration, its agricultural trade and local elections, China's banking sector reform and its fiscal sustainability, China's interaction with the international economy and global imbalances, its industrialisation and its resource and energy demand, was well as its environmental concerns. Contributions to this volume are made by leading analysts from China, the United States and Australia.

The Turning Point in China's Economic Development

Peter Drysdale

John Kunkel

The Asia Pacific region has, in a relatively short space of time, become the hub of the world economy while at the same time moving towards closer economic integration. This book contains a selection of the articles that have emerged from analysis of the region over the last 20 years. The articles represent and convey the central ideas of Asia Pacific regionalism and describe the main historical, theoretical and political developments that they have grown from. Sections break the Asia-Pacific region into smaller areas, including the Americas, to look at causes, effects, problems and solutions in each. Also included is a chapter on the importance of Chinese reforms in an international context. This is an appropriate text for both students and lecturers.

Readings in International Economic Relations

Asia Pacific Regionalism

Cai Fang

The year 2018 marks 40 years of reform and development in China (1978-2018). This commemorative book assembles some of the world's most prominent scholars on the Chinese economy to reflect on what has been achieved as a result of the economic reform programs, and to draw out the key lessons that have been learned by the model of growth and development in China over the preceding four decades. This book explores what has happened in the transformation of the Chinese economy in the past 40 years for China itself, as well as for the rest of the world, and discusses the implications of what will happen next in the context of China's new reform agenda. Focusing on the long-term development strategy amid various old and new challenges that face the economy, this book sets the scene for what the world can expect in China's fifth decade of reform and development. A key feature of this book is its comprehensive coverage of the key issues involved in China's economic reform and development. Included are discussions of China's 40 years of reform and development in a global perspective; the political economy of economic transformation; the progress of marketisation and changes in market-compatible institutions; the reform program for state-owned enterprises; the financial sector and fiscal system reform, and its foreign exchange system reform; the progress and challenges in economic rebalancing; and the continuing process of China's global integration. This book further documents and analyses the development experiences including China's large scale of migration and urbanisation, the demographic structural changes, the private sector development, income distribution, land reform and regional development, agricultural development, and energy and climate change policies.

China's 40 Years of Reform and Development 1978-2018

Lauren Johnston

China’s change to a new model of growth, now called the ‘new normal’, was always going to be hard. Events over the past year show how hard it is. The attempts to moderate the extremes of high investment and low consumption, the correction of overcapacity in the heavy industries that were the mainstays of the old model of growth, the hauling in of the immense debt hangover from the fiscal and monetary expansion that pulled China out of the Great Crash of 2008 would all have been hard at any time. They are harder when changes in economic policy and structure coincide with stagnation in global trade and rising protectionist sentiment in developed countries, extraordinarily rapid demographic change and recognition of the urgency of easing the environmental damage from the old model. China’s economy has slowed and there are worries that the authorities will not be able to contain the slowdown within preferred limits. This year’s Update explores the challenge of the slowdown in growth and the change in economic structure. Leading experts on China’s economy and environment review change within China’s new model of growth, and its interaction with ageing, environmental pressure, new patterns of urbanisation, and debt problems at different levels of government. It illuminates some new developments in China’s economy, including the transformational potential of internet banking, and the dynamics of financial market instability. China’s economic development since 1978 is full of exciting change, and this year’s China Update is again the way to know it as it is happening.

Reform, Resources and Climate Change

China's New Sources of Economic Growth: Vol. 1

China's prosperity is at the core of the emerging Platinum Age of global economic growth. Rapid economic growth has been underpinned by expansion in its domestic markets, and the integration of domestic and international markets in goods, services, capital, labour and foreign exchange. Global commodity prices have reached historic highs, while Chinas capital outflows have helped to hold down interest rates worldwide. Linking markets, both domestic and international, has been key to Chinas success. In sustaining its strong economic growth, China has become one of the worlds most voracious consumers of energy. The challenge now facing the government and people of China is in achieving cooperation with the international community to avert the costs - both economic and environmental - of accelerating energy consumption. CHINA: LINKING MARKETS FOR GROWTH gathers together leading scholars on Chinas economic success and its effect on the world economy into the next few decades.

Linking Markets for Growth

China. Linking Markets for Growth

Jane Golley

China has made some remarkable achievements during the first three decades of economic reform and opening up, rising to become one of the world's most dynamic and globally-integrated market economies. Yet there remains much unfinished business on the reform and development agenda, coupled with newly emerging challenges. CHINA: THE NEXT TWENTY YEARS OF REFORM AND DEVELOPMENT highlights how the deepening of reforms in critical areas such as domestic factor markets, the exchange rate regime and the health system, combined with the strengthening of channels for effective policy implementation, will enable China to cope with the challenges that lie ahead. These include responding to the pending exhaustion of the unlimited supply of labour; playing a constructive role in reducing global trade imbalances; enhancing firms' ability to innovate; coping with migration, urbanisation and rising inequalities on scales unknown in world history; and dealing with rising energy and metal demand in an era in which low-carbon growth has become a necessity rather than a choice.

The Next Twenty Years of Reform and Development

China

Yiping Huang

China's economic reform constitutes one of the most remarkable events of the second half of the 20th century. The volume offers 30 articles by prominent economists in the field of China studies to offer authoritative and through assessment and analyses of Chinas experience during the reform period.

Ross Garnaut

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