Economic Reform in Asia

Economic Reform in Asia

China, India, and Japan

Sara Hsu

Economic Reform in Asia compares and analyzes the reform and development patterns of China, India, and Japan from both historical and developmental perspectives. Sara Hsu specifically focuses on China’s reform and opening-up in 1979, India’s accelerated liberalization in 1991, and the outset of the Meiji Restoration in Japan in 1878. This detailed overview of growth patterns in Asia’s largest economies is invaluable, especially in its determination to understand which development policies work, what role institutions play in development, and what issues may arise during said development.

Chapter 8: Demographics, education, health, and labor

Sara Hsu

Subjects: asian studies, asian development, asian economics, economics and finance, asian economics

Extract

Demographics and the well-being of the population play a critical role in the development and reform process. Aging or very large populations have presented unique challenges to growth and place pressure on social services. The level of human capital among the citizenry must be sufficient to allow individuals to contribute fully to economic life. Changing demographics and human capital lead to shifting labor conditions. In this chapter, we first discuss demographic theory, then we turn to examining the demographics of and status of education, health, and labor in China, India, and Japan.

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