Contents

Developing Modernization Indicators for the People’s Republic of China : Key Considerations and a Proposed Framework

Kim, Joon Kyung / Park, Myungho / Lee, Minsoo

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Abstract

This paper proposes an indicator to assess the progress being made in the modernization journey of the People’s Republic of China (PRC). In doing so, it fills a gap. The paper applies the modernization indicator—structured on thematic categories, subcategories, and intersections—to the PRC, whose performance is compared with Organisation of Economic Co-operation and Development and G20 countries. The PRC’s best score was for the functioning and efficiency of markets and the worst for inclusiveness. Here, it led a global trend for a weak performance on this measure of modernization. The paper examines four major policy implications from the modernization challenges facing the PRC: (i) economic governance reform to secure inclusive and sustained growth, which enhance social cohesion and stability; (ii) the governance building that will be needed to achieve the complex task of modernization; (iii) public sector reform should be guided by widely accepted values, such as transparency, accountability, efficiency, and providing high-quality public services; and (iv) the state, market, and civil society are all important stakeholders and players in the PRC’s modernization process; furthermore, finding an effective division of labor and creating synergy among stakeholders will make PRC’s modernization more successful and durable.

Issue Date
2020-12
Publisher
KDI School of Public Policy and Management
Keywords
People’s Republic of China; Modernization; Modernization Indicator; Modernization Framework
Contents
TABLES AND FIGURES

AKNOWLEDGMENTS

ABBREVIATIONS

ABSTRACT

I. INTRODUCTION

II. DEVELOPING MODERNIZATION INDICATORS: UNDERLYING FRAMEWORKS

A. Conceptual Framework
B. Operational Framework

III. MODERNIZATION INDICATORS FOR THE PRC

A. Structuring Modernization Indicators
B. Modernization Indicators and Capital
C. Analysis Results: PRC Trends versus Global Trends
D. The PRC’s Modernization Indicator Performance versus Republic of Korea and Japan
E. The PRC’s Modernization Process: Assessment and Future Scenarios

IV. REPUBLIC OF KOREA’S MODERNIZATION EXPERIENCE

V. POLICY IMPLICATIONS AND CONCLUSIONS

REFERENCES

APPENDIX: DATA USED IN THE RESEARCH
Pages
35
Series Title
KDI School Working Paper 20-22
Language
ENG
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