SOURCES OF ECONOMIC GROWTH ARE WELL UNDERSTOOD. Successfully
translating that knowledge into sustained high rates of growth is
harder to achieve. Relatively few countries have done so. Of those,
China—with an unmatched average GDP growth rate of 10 percent
between 1978 and 2008—stands out.
At the crux of China’s success lie two cities: Beijing, the
powerful hinge of the Bohai region, and Shanghai, the economic axis of
the thriving Yangtze River Delta. The performance of these two
megacities, along with a handful of other urban regions, will determine
China’s economic fortunes in the decades to come. Can their
momentum be sustained? Can the growth rates of the past be continued
into the future?
Two Dragon Heads explores the contrasting development options
available to Beijing and Shanghai, and it proposes strategies for each
city based on the current and acquired capabilities of each, the
experiences of other world cities, the emerging demand in the national
market, and likely trends in global trade. Its fi ndings, which are
supported by a wealth of research, will be of particular interest to
policy makers, urban planners, business people, and researchers.
This is a fascinating book about the future development paths of the
'twin capitals' of China: the political capital of Beijing and
the commercial capital of Shanghai. The authors weave economic growth,
urban development, and technological innovation into a seamlessly
coherent and cogent analysis. The book not only offers important
insights and lessons for the development of other megacities in China,
but also has long-term implications for many developing countries
undergoing similar transitions.
-LAN XUE, Professor and Dean, School of Public Policy and
Management, Tsinghua University
- Shipping Weight: 0.84 lbs (0.38 kgs)
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