Book review of Invisible China: How the urban-rural divide threatens China’s rise
In Invisible China, Scott Rozelle and Natalie Hell argue that a human capital crisis in China’s rural population threatens the continued development of the Chinese economy and is likely to cause China to stumble into the ‘middle-income trap’. The key theoretical insight underlying this argument is t...
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| Format: | text |
| Language: | English |
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Institutional Knowledge at Singapore Management University
2023
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| Online Access: | https://ink.library.smu.edu.sg/soss_research/3650 https://doi.org/10.1080/00220388.2022.2132709 |
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| Institution: | Singapore Management University |
| Language: | English |
| Summary: | In Invisible China, Scott Rozelle and Natalie Hell argue that a human capital crisis in China’s rural population threatens the continued development of the Chinese economy and is likely to cause China to stumble into the ‘middle-income trap’. The key theoretical insight underlying this argument is the ‘time inconsistency’ that middle-income countries face: the human capital requirements for their further advance must be built up decades in advance when there is no need for that in a low- to middle-income economy. This inconsistency is particularly heightened in China’s case. China’s rapid advance to middle-income status has left it no time to accumulate the broad-based human capital indispensable for the transition to a high-end service economy. |
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