China’s Economic Transformation Part 1: Economic Reform and Growth in China

Go to Course: https://www.coursera.org/learn/econtransform1

Introduction

**Course Review: “China’s Economic Transformation Part 1: Economic Reform and Growth in China”** **Overview:** “China’s Economic Transformation Part 1: Economic Reform and Growth in China” is an engaging and comprehensive course offered on Coursera. It takes learners on a remarkable journey through the economic changes that have redefined China from one of the world’s poorest nations to an upper-middle-income powerhouse and the globe's largest trading nation. Launched in the context of the monumental shifts that began in 1978 under Deng Xiaoping, this course promises to dissect the mechanisms behind these sweeping reforms and their implications on the global economy. **Course Content and Structure:** The course is well-structured across several modules, each focusing on vital aspects of China’s economic landscape: 1. **Orientation and Module 1: China’s Gradualist Reforms** This introductory module sets the stage for understanding the gradual approach China took towards economic liberalization and reform. The course overview is particularly helpful for new learners, providing a clear framework of what to expect. 2. **Module 2: Fiscal and Financial System Reform** In this module, learners delve into the reform of China’s fiscal and financial systems. It discusses significant policy changes and institutional transformations that paved the way for a more robust economic framework. 3. **Module 3: Globalization: Trade and Foreign Direct Investment** This module offers a fascinating look into China’s integration into the global economy. It includes case studies and insights from firms impacted by foreign direct investment, allowing for a practical understanding of these concepts. 4. **Module 4: Economic Growth and Structural Change** Here, the course examines the patterns of economic growth and the structural changes within the economy, shedding light on the sectors that have driven China’s remarkable rise. 5. **Module 5: Governance and Current Challenges** The final content-focused module addresses the governance structures supporting economic growth and the challenges that come with rapid transformation, including rising wages and sustainability issues. 6. **Final Exam and Course Evaluation** The course concludes with a comprehensive exam, allowing learners to test their knowledge and understanding of the material covered. This section also includes a valuable feedback mechanism for course improvement. **Who Should Take This Course:** This course is highly recommended for students, professionals, and anyone interested in economics, international relations, or China’s market dynamics. Government officials and policymakers will also find this content invaluable for understanding the ramifications of China’s policies on global trade and economic relationships. **Strengths:** - **Depth and Breadth of Content:** The course provides a thorough understanding of each reform phase and its impact on the economy. - **Expert Insights:** The inclusion of interviews and discussions with scholars enhances the learning experience by providing diverse viewpoints and expert analysis. - **Practical Applications:** Visits to firms convey real-world implications of economic policies and reforms, bridging the gap between theory and practice. **Areas for Improvement:** While the course is rich in information, a more interactive component, such as discussion forums or group projects, could further enhance learner engagement and allow for a collaborative learning experience. **Conclusion:** In summary, “China’s Economic Transformation Part 1: Economic Reform and Growth in China” is an enriching course that equips learners with valuable knowledge about one of the most compelling economic stories of our time. With its well-structured content, expert insights, and practical examples, the course is a must for anyone aiming to understand the complexities of China’s economy and its role in the global landscape. I highly recommend this course to all prospective learners seeking to deepen their understanding of global economics and China's rapid development.

Syllabus

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.

In this module, we will focus on China's fiscal and financial system reform.

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.

In this module, we will focus on China's economic growth and structural change.

In this module, we will focus on China's governance and current challenges. Apart from regular lectures, we will visit firms in China to understand the impact of rising wages on them.

Now is time to test your understanding on the entire course. Take the final exam and complete the post-course survey. Your valuable feedback will certainly help us improve future iterations of the course.