Economic Growth and Contagion

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Description

This lecture covers the course structure, focusing on economic growth and sustainability topics, with interactive sessions, group work, and oral presentations. It also discusses the demolition of unfinished buildings in China and the financial crisis of Evergrande.

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https://mediaspace.epfl.ch/media/0_rbsu34yo

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Related concepts (24)

One China

The term One China may refer, in alphabetical order, to one of the following: The One China policy refers to a United States policy of strategic ambiguity regarding Taiwan. In a 1972 joint communiqué with the PRC, the United States "acknowledges that all Chinese on either side of the Taiwan Strait maintain there is but one China and that Taiwan is a part of China" and "does not challenge that position." It reaffirms the U.S. interest in a peaceful settlement of the Taiwan question.

Economic growth

Economic growth can be defined as the increase or improvement in the inflation-adjusted market value of the goods and services produced by an economy in a financial year. Statisticians conventionally measure such growth as the percent rate of increase in the real and nominal gross domestic product (GDP). Growth is usually calculated in real terms – i.e., inflation-adjusted terms – to eliminate the distorting effect of inflation on the prices of goods produced. Measurement of economic growth uses national income accounting.

Democracy in China

The debate over democracy in China has been a major ideological battleground in Chinese politics since the 19th century. China is not a liberal democracy. The Chinese government and the Chinese Communist Party (CCP) state that China is democratic nonetheless. Many foreign and some domestic observers categorize China as an authoritarian one-party state, with some saying it has shifted to neoauthoritarianism. Some characterize it as a dictatorship.

Financial crisis

A financial crisis is any of a broad variety of situations in which some financial assets suddenly lose a large part of their nominal value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and many recessions coincided with these panics. Other situations that are often called financial crises include stock market crashes and the bursting of other financial bubbles, currency crises, and sovereign defaults.

Christianity in China

Christianity in China has been present since the early medieval period and it has gained a significant amount of influence during the last 200 years. The Syro-Persian Church of the East (frequently mischaracterized as Nestorianism) appeared in China in the 7th century, during the Tang dynasty. Catholicism was one of the religions patronized by the emperors of the Mongol-led Yuan dynasty, but it did not take root in China until it was reintroduced by Jesuit missionaries in the 16th century.