Fall 2013


Lecture Notes Update:

(listed only covers the economics part of the course)

Lecture notes 1         Lecture notes 2         Lecture notes 3         Lecture notes 4

Lecture notes 5         Lecture notes 6         Lecture notes 7         Lecture notes 8




Sept. 3, 2013      Introduction and Overview (L1, KB+PD)

   (wk36)                Required readings:

                                 > Naughton, Chapter 1

                                 > Robert Fogel's Forecast of the World Economy in 2040



                                 > Larry Summers on China: Have some historical sense of our times

                                 > Martin Jacques TED talk, Understanding the Rise of China



Sept. 17, 2013     China's Reform: Initial Experiments (L3, PD)

   (wk38)                   Required readings:

                                     > Naughton, Chapter 3 & 10

                                     > Weil, David, "The Solow Model," in Economic Growth (2nd ed.), Ch. 3, pp. 48-68

                                     > Basu, K., “The Lewis Model,” in Analytical Development Economics, pp.153-157.


                                   Optional readings:

                                     > Vogel, Ezra F., 2011, "Banishment and Return," Ch. 2 in Deng Xiaoping and the
                                     Transformation of China, Harvard University Press, pp. 49-59.

                                     > Li, W. & Yang, D. T. 2005. "The Great Leap Forward: Anatomy of a Central Planning
                                     Disaster," Journal of Political Economy, 113(4): 840-877.



                                     > The largest migration in human history



Oct. 1, 2013          China's Reform in State-Owned Enterprises (SOEs): Getting the incentives right (L5, PD)

   (wk40)                   Required readings:

                                     > Naughton, Chapter 13

                                     > Qian, Y. et al. 1999. "From Federalism, Chinese Style, to Privatization, Chinese Style,"
                                     Economics of Transition, 7(1): 103-131.

                                     > Vogel, Ezra F., 2011, "Deng's Finale: The Southern Journey, 1992," in Vogel, Deng
                                     Xiaoping and the Transformation of China, Harvard University Press, pp. 664-690.



                                     > The college bubble in China



Oct. 22, 2013        China's Reintegreation into the World Economy: Trade as the growth engine (L7, PD)

   (wk43)                   Required readings:

                                     > Naughton, Chapter 16, 17

                                     > Michael Spence, “Why China grows So Fast?,” Wall Street Journal, Jan. 23, 2007.


                                  Optional readings:

                                     > Vogel, Ezra F., 2011, “Experiments in Guangdong and Fujian, 1979-1984” in Vogel, Deng Xiaoping and the                                      Transformation of China, Harvard University Press,pp. 394-422.

                                     > Feenstra, R. and Wei, S.J. 2009 “Introduction to ‘China’s Growing Role in World Trade’,”

                                     NBER Working Papers, 14716.

                                     >Bransetter, L. and Lardy, N. 2006. “China’s Embrace of Globalization,” NBER Working Paper, 12373.



                                     > Anderson, J., " Is China Export-Led?"

                                     > "An Old Chinese Myth", Economist Magazine, Jan. 2008.




Nov. 5, 2013           Taking Stock: What China has done right (L9, PD)

   (wk45)                    Required readings:

                                     >Qian, Y. “How Reform Worked in China,” in Dani Rodrik, editor, In Search of Prosperity: Analytic Narratives

                                    on Economic Growth, Princeton University Press, 2003, pp. 297-333.

                                     >Coase, R. and Wang, N. “How China Made Its Great Leap Forward,” Wall Street Journal, April 6, 2012.


                                  Optional readings:

                                     > Rogers, Jim, “Notes from the Wild, Wild East”, Chapter 5 in Rogers, Hot Commodities, Random House:

                                     New York, 2004, pp. 95-119.

                                     > Friedman, Thomas, “India vs. China vs. Egypt” NY Times, Feb. 5, 2013.

                                     > Xu, Chenggang. 2011. “The Fundamental Institutions of China’s Reform and Development,” Journal of

                                     Economic Literature, 49(4):1076-1151.



Nov. 19, 2013         Taking Stock: What China has not done right (L11, PD)

   (wk47)                    Required readings:

                                     > Roach, S. “China’s Rebalancing Challenge”, in Roach, The Next Asia, Wiley, 2010, pp.172-188.

                                     >“Rising Power, Anxious State”, Special Report on China, Economist, Jan. 2011.


                                  Optional readings:

                                     >“China’s Big Banks – Giant Reality-check”, Economist, Aug. 2013.



Nov. 26, 2013         Closing Remarks: The rocky road ahead (L12, KB+PD)

   (wk48)                    Required readings:

                                     > Qian, Y. and Wu, J.N. 2003. “China's Transition to A Market Economy: How Far Across the River",

                                    in N.C. Hope, et al., editors, How Far Across the River: Chinese Policy Reform at the Millennium,

                                    Stanford University Press, pp.31-63.

                                     > Becker, G., “Is China’s Economic Future a Rosy One?”, The Beck-Postner Blog, Feb. 26, 2012.