Speech at the Session on China’s Economy, Promoting Reforms in Major Areas, and Accelerating the Shift in Driving Forces for Development
Jim Yong Kim, President of the World Bank Group (WBG), offered several strategic considerations for China. First, for the foreseeable future, removing distortions and accelerating diffusion will remain major sources of growth. Getting the basics right – structu...
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| Format: | Speech |
| Language: | English |
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World Bank, Washington, DC
2019
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| Online Access: | http://documents.worldbank.org/curated/en/746661536589869102/Speech-by-World-Bank-Group-President-Jim-Yong-Kim-at-the-Second-Roundtable-Session-on-China-s-Economy-Promoting-Reforms-in-Major-Areas-and-Accelerating-the-Shift-in-Driving-Forces-for-Development http://hdl.handle.net/10986/31114 |
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okr-10986-311142021-05-25T09:17:55Z Speech at the Session on China’s Economy, Promoting Reforms in Major Areas, and Accelerating the Shift in Driving Forces for Development Kim, Jim Yong INDUSTRIAL POLICY GROWTH DRIVERS VALUE CHAIN TECHNOLOGY ADOPTION INNOVATION FINTECH ECONOMIC DISTORTIONS SKILLS DEVELOPMENT STATE-OWNED ENTERPRISES LABOR FORCE AUTOMATION BUSINESS ENVIRONMENT COMPETITION POLICY TERTIARY EDUCATION INEQUALITY RURAL POVERTY FOREIGN DIRECT INVESTMENT Jim Yong Kim, President of the World Bank Group (WBG), offered several strategic considerations for China. First, for the foreseeable future, removing distortions and accelerating diffusion will remain major sources of growth. Getting the basics right – structural reforms in key markets, further improving the broader business environment, ensuring fair competition, and investing in broad-based skills of the labor force – should help drive growth. Second, China should consider how to balance industrial policies with the notion of the third plenum, that the market should play a decisive role in resource allocation. Third, like other countries, China needs to prepare for how technological change will impact the labor force. He concluded by saying that China’s leadership has been critical to promoting an open, competitive global economy. 2019-01-07T20:43:04Z 2019-01-07T20:43:04Z 2017-09-12 Speech http://documents.worldbank.org/curated/en/746661536589869102/Speech-by-World-Bank-Group-President-Jim-Yong-Kim-at-the-Second-Roundtable-Session-on-China-s-Economy-Promoting-Reforms-in-Major-Areas-and-Accelerating-the-Shift-in-Driving-Forces-for-Development http://hdl.handle.net/10986/31114 English Delivered at Second "1+6" Roundtable, Beijing, September 12, 2017; CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Speech East Asia and Pacific China |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
INDUSTRIAL POLICY GROWTH DRIVERS VALUE CHAIN TECHNOLOGY ADOPTION INNOVATION FINTECH ECONOMIC DISTORTIONS SKILLS DEVELOPMENT STATE-OWNED ENTERPRISES LABOR FORCE AUTOMATION BUSINESS ENVIRONMENT COMPETITION POLICY TERTIARY EDUCATION INEQUALITY RURAL POVERTY FOREIGN DIRECT INVESTMENT |
| spellingShingle |
INDUSTRIAL POLICY GROWTH DRIVERS VALUE CHAIN TECHNOLOGY ADOPTION INNOVATION FINTECH ECONOMIC DISTORTIONS SKILLS DEVELOPMENT STATE-OWNED ENTERPRISES LABOR FORCE AUTOMATION BUSINESS ENVIRONMENT COMPETITION POLICY TERTIARY EDUCATION INEQUALITY RURAL POVERTY FOREIGN DIRECT INVESTMENT Kim, Jim Yong Speech at the Session on China’s Economy, Promoting Reforms in Major Areas, and Accelerating the Shift in Driving Forces for Development |
| geographic_facet |
East Asia and Pacific China |
| relation |
Delivered at Second "1+6" Roundtable, Beijing, September 12, 2017; |
| description |
Jim Yong Kim, President of the World Bank Group (WBG), offered several strategic considerations for
China. First, for the foreseeable future, removing
distortions and accelerating diffusion will remain major
sources of growth. Getting the basics right – structural
reforms in key markets, further improving the broader
business environment, ensuring fair competition, and
investing in broad-based skills of the labor force – should
help drive growth. Second, China should consider how to
balance industrial policies with the notion of the third
plenum, that the market should play a decisive role in
resource allocation. Third, like other countries, China
needs to prepare for how technological change will impact
the labor force. He concluded by saying that China’s
leadership has been critical to promoting an open,
competitive global economy. |
| format |
Speech |
| author |
Kim, Jim Yong |
| author_facet |
Kim, Jim Yong |
| author_sort |
Kim, Jim Yong |
| title |
Speech at the Session on China’s Economy, Promoting Reforms in Major Areas, and Accelerating the Shift in Driving Forces for Development |
| title_short |
Speech at the Session on China’s Economy, Promoting Reforms in Major Areas, and Accelerating the Shift in Driving Forces for Development |
| title_full |
Speech at the Session on China’s Economy, Promoting Reforms in Major Areas, and Accelerating the Shift in Driving Forces for Development |
| title_fullStr |
Speech at the Session on China’s Economy, Promoting Reforms in Major Areas, and Accelerating the Shift in Driving Forces for Development |
| title_full_unstemmed |
Speech at the Session on China’s Economy, Promoting Reforms in Major Areas, and Accelerating the Shift in Driving Forces for Development |
| title_sort |
speech at the session on china’s economy, promoting reforms in major areas, and accelerating the shift in driving forces for development |
| publisher |
World Bank, Washington, DC |
| publishDate |
2019 |
| url |
http://documents.worldbank.org/curated/en/746661536589869102/Speech-by-World-Bank-Group-President-Jim-Yong-Kim-at-the-Second-Roundtable-Session-on-China-s-Economy-Promoting-Reforms-in-Major-Areas-and-Accelerating-the-Shift-in-Driving-Forces-for-Development http://hdl.handle.net/10986/31114 |
| _version_ |
1764472094489313280 |