A Study Of Industrialization And China's Economic Growth

Indutrialization means that industry and its final results get the applied popularity level of growth in the national economy. Practice has proved indutrialization course is an insurmountable phase of growth in the national economy. The mission achieving our indutrialization was brought forward in the first Five-Year Plan since New China founded. For semicentennial construction and development, level of industrialization in China has been observably boosted. But it has a long way to accomplish indutrialization and achieve modenizationThis paper mainly elaborates on the concept, connotation and principal characters of indutrialization, analyses the basic working days of indutrialization. After having defined the concept of economic growth, it discusses the relationship between indutrialization and economic growth, then elaborates the course of indutrialization and economic growth in our country, from 1952 to 2004. By building indutrialization and economic growth model with dual economic structure, then inrtoducing foreign direct investment, that is FDI, into the model combining with practical situation of our country, expanding into quasi-endogenetic indutrialization and economic growth model in dual economic structure with open economy condition. it comes to the conclusion that output growth rate of both agricultural sector and nonagricultural sector could be advanced by indutrialization.Building econometric model of indutrialization and China's economic growth, it could be considered that indutrialization hasten China's economic growth in the way of economic structural change, including industrial structure, employment structure, inter-industrial structure and foreign trade structure. But foreign direct investment directly does hasten China's economic growth indistinctively, indirectly by accelerating economic structural change. In the end, we probes into two issues most concerned for by us in the field of macroeconomic research of our country, which include technical progress and economic growth, foreign direct investment(FDI), economic growth and economic growth.