The Dilemma of Economic Transformation behind Shanxi's Coal Maximization

DOI

10.2991/icesem-18.2018.81How to use a DOI?

Keywords

Resource Curse, Economic Restructuring; Supply-side Reform; The Dutch Disease

Abstract

For a long time, the “coal maximization” economic development model has imposed a “resource curse” on Shanxi Province. Due to the influence of many factors, such as economic situation, politics, history and nature evolvement, the overall economic development in Shanxi Province is very homogeneous and unbalanced. Uneven development and heavy reliance on coal has led to a single industrial structure. This paper analyzes and explains the concrete manifestations of the “resource curse” that hinder the comprehensive development of Shanxi economy from four aspects, which including the Dutch disease effect, weak system, price fluctuations, and crowding out effect. The key to achieving economic transformation in Shanxi Province is to improve the transformation and development environment for resource-based economy. We must adapt to the requirements of the international situation of comprehensive national strength competition and focus on the “supply-side reform” to continue to create a suitable environment for overcapacity and optimization of industrial structure.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Xinwang Chen
PY  - 2018/08
DA  - 2018/08
TI  - The Dilemma of Economic Transformation behind Shanxi's Coal Maximization
BT  - Proceedings of the 2018 2nd International Conference on Education Science and Economic Management (ICESEM 2018)
PB  - Atlantis Press
SP  - 354
EP  - 356
SN  - 2352-5398
UR  - https://doi.org/10.2991/icesem-18.2018.81
DO  - 10.2991/icesem-18.2018.81
ID  - Chen2018/08
ER  -