02019cas a2200253 a 4500 AALejournalIMF003993 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451946147 1934-7456 BD-DhAAL BD-DhAAL Prasad, Eswar. Modernizing China's Growth Paradigm / Eswar Prasad, Raghuram Rajan. Washington, D.C. : International Monetary Fund, 2006. 1 online resource (16 pages) IMF Policy Discussion Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students China has achieved tremendous economic progress in the last three decades, but there is much work to be done to make the economy resilient to large shocks, ensure the sustainability of its growth, and translate this growth into corresponding improvements in the economic welfare of its citizens. We discuss the complex challenges that Chinese policymakers face in striking the right balance in terms of speed and coordination of reforms. We argue that China's current stage of development, along with its rising market orientation and increasing integration with the world economy, may make the incremental and piecemeal approaches to reforms increasingly untenable and, in some cases, could even generate risks of their own. The present favorable domestic and external circumstances provide an excellent window of opportunity for bolder reforms and for tackling some deep-rooted problems without causing much economic disruption. Mode of access: Internet Rajan, Raghuram. IMF Policy Discussion Papers; Policy Discussion Paper ; No. 2006/003 Full text available on IMF http://elibrary.imf.org/view/journals/003/2006/003/003.2006.issue-003-en.xml IMF e-Library