In 1978, after nearly 30 years of socialist planning under Mao Zedong, China was one of the world’s poorest countries, saddled with an inefficient, inward-looking economy. Today, China is an upper-middle income country and the world’s largest trading nation, contributing more to global economic growth than any other nation. How could such a remarkable transformation take place?
This course will examine in detail the reforms that have contributed to China’s economic development and the current challenges facing the Chinese economy. After completing this course, you will be able to:
- describe the origin and consequences of China’s key economic reforms since 1978;
- explain how features of China’s fiscal and financial systems have impacted development outcomes;
- assess the extent to which China has integrated itself into the global economy and the consequences of such integration for China and other countries;
- explain the importance of different sources of economic growth during different periods since 1978; and
- critically assess the economic and policy challenges facing China going forward.
This course does not offer certificate at the moment.
Course Overview video: https://youtu.be/YBkhpvWUoIw
China’s Economic Transformation Part 1: Economic Reform and Growth in China
Offered By
The Hong Kong University of Science and Technology
Syllabus - What you will learn from this course
Week
12 hours to complete
Orientation and Module 1: China’s Gradualist Reforms
In this module, we will introduce you to China's gradualist reforms. But before you start with the lectures, please watch the Course Overview, review the Assignment and Grading page, and introduce yourself to other learners who will be studying this course with you.
8 videos (Total 63 min), 3 readings, 1 quiz
8 videos
1.1 China’s Gradualist Reforms – An Introduction4m
1.2 Institutional Change – A Framework8m
1.3 Reform Overview9m
1.4 Decollectivization of Agriculture9m
1.5 The Rise and Fall of Township and Village Enterprises (TVEs)9m
1.6 The Problem of State-owned Enterprises13m
1.7 China’s Gradualist Reforms – Module Summary4m
3 readings
Assignments and Grading10m
Module 1 Course Reading10m
Module 1 Lecture References10m
1 practice exercise
Quiz 116m
Week
22 hours to complete
Module 2: Fiscal and Financial System Reform
In this module, we will focus on China's fiscal and financial system reform.
7 videos (Total 59 min), 2 readings, 1 quiz
7 videos
2.2 Fiscal Decentralization: Pros and Cons9m
2.3 Reforming the Fiscal System8m
2.4 The Soft Budget Constraint11m
2.5 Reforming the Financial System13m
2.6 Shadow Banking: Threat or Opportunity?9m
2.7 Fiscal and Financial System Reform – Module Summary2m
2 readings
Module 2 Course Reading10m
Module 2 Lecture References10m
1 practice exercise
Quiz 216m
Week
32 hours to complete
Module 3: Globalization: Trade and Foreign Direct Investment
In this module, we will focus on China's trade and foreign direct investment. Apart from regular lectures, we will visit firms in China to understand the impact of foreign direct investment on them. We will also have interviews and discussions with leading scholars to provide greater insight into what is happening in the areas of China's outbound foreign direct investment and the internationalization of the Renminbi.
10 videos (Total 109 min), 2 readings, 1 quiz
10 videos
3.2 International Trade: Performance and Policies14m
3.3 Trade and Development16m
3.4 Foreign Direct Investment15m
3.5 Foreign Direct Investment – Firm Visits in China17m
3.6 China’s Outbound Foreign Direct Investment6m
3.7 China’s Outbound FDI – An Expert Discussion12m
3.8 Internationalization of the Renminbi7m
3.9 Internationalization of the Renminbi – An Expert Discussion9m
3.10 Globalization: Trade and FDI – Module Summary4m
2 readings
Module 3 Course Reading10m
Module 3 Lecture References10m
1 practice exercise
Quiz 316m
Week
42 hours to complete
Module 4: Economic Growth and Structural Change
In this module, we will focus on China's economic growth and structural change.
6 videos (Total 49 min), 2 readings, 1 quiz
6 videos
4.2 Sources of Growth10m
4.3 Structural Change8m
4.4 Resource Misallocation13m
4.5 Productivity Growth10m
4.6 Economic Growth and Structural Change – Module Summary2m
2 readings
Module 4 Course Reading10m
Module 4 Lecture References10m
1 practice exercise
Quiz 416m
4.8
13 ReviewsTop Reviews
A great course for anyone interested in learning about China. You can expect your perceptions of China, along with the driving forces behind China's rapid transformation, to be challenged.
Very Good course Gives a broader idea about the Chiese economy and some of the most important reforms and policies during the transformation period.
Instructor
Albert Park
Director of the Institute for Emerging Market Studies, Chair Professor of Social Science and Professor of EconomicsAbout The Hong Kong University of Science and Technology
HKUST - A dynamic, international research university, in relentless pursuit of excellence, leading the advance of science and technology, and educating the new generation of front-runners for Asia and the world.
Frequently Asked Questions
When will I have access to the lectures and assignments?
Once you enroll for a Certificate, you’ll have access to all videos, quizzes, and programming assignments (if applicable). Peer review assignments can only be submitted and reviewed once your session has begun. If you choose to explore the course without purchasing, you may not be able to access certain assignments.
What will I get if I purchase the Certificate?
When you purchase a Certificate you get access to all course materials, including graded assignments. Upon completing the course, your electronic Certificate will be added to your Accomplishments page - from there, you can print your Certificate or add it to your LinkedIn profile. If you only want to read and view the course content, you can audit the course for free.
What is the refund policy?
Is financial aid available?
More questions? Visit the Learner Help Center.
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