US Economist: Consumption No Magic Bullet

choi

China Real Time, Nov 12, 2012.
http://blogs.wsj.com/chinarealti ... ng-no-magic-bullet/

Quote:

New York University economist Paul Romer: "I don’t think it’s clear that [domestic consumption] is the way to go in China.

"In his paper for the five-year plan [submitted to China in 2011], Mr. Romer focused heavily on the need for China to revamp its education system if it wants to get ahead

Note:
(a) The book:

Edwin Lim and Michael Spence (eds), Medium and Long Term Development and Transformation Of the Chinese Economy; An international perspective. Cairncross Economic Research Foundation (Oxford and Beijing), 2011.
http://www.cairncrossfund.org/en ... ment%20-Authors.htm

Please click at least the tag "Brief Introduction Of the Book" and read a couple of sentences.
(b) Dr Romer's paper in the book was listed in the third (and last) page of the table of Contents--under the heading of "Background Papers"--titled "“Notes on Optimizing China’s New Pattern of Growth.”