Financial Strategies for Nation Building
Financial Strategies for Nation Building
This chapter examines China's financial strategies, drawing upon recent and historical experiences, as well as the experience of other countries. The discussions include the debt-financed growth strategy of modern-day China; financing in the Imperial age; the impact of war reparations from the Sino-Japanese naval war of 1895; levying taxes to solve fiscal crises; policies for alleviating a fiscal crisis; and prospects for China's debt-financed growth. A commentary is included at the end of the chapter.
Keywords: public finance, financial policy, fiscal policy, debt financing, economic growth
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