Financial Strategies for Nation Building
This chapter examines China's financial strategies, drawing upon recent and historical experiences, as well as the experience of other countries. The investigation includes the debt-financed growth strategy of modern-day China; financing in the Imperial age; the impact of war reparations from the Sino-Japanese naval war of 1895; levying taxes to solve fiscal crises; policies for alleviating a fiscal crisis; and prospects for China's debt-financed growth.
The author received no external funding for this research beyond support from his employer, Yale University.
The author received no outside funding and has no material or relevant financial relationships related to this research project.