Finding a Peaceful Road to Urbanization in China

摘要

Urbanization and socioeconomic development require huge investments. However, the history of developed countries suggests that an inefficient tax and financial system cannot meet this demand for investment. Historically, this has forced some countries to expand outward to secure the necessary resources, and this has caused great harm through colonialism and warfare. Therefore, finding a peaceful road to achieve urbanization and socioeconomic development is a crucial issue facing human society, particularly in developing nations. To provide insights, we examined China's land transfer model, which has made huge amounts of money available to support the infrastructure construction that accompanies urbanization and socioeconomic development. However, this approach also creates a serious risk of a financial and debt crisis that can jeopardize social stability and undermine future development.