Roger Gordon: Tax Structures in China and India Followed Similar Path; RMB Could Become An Alternative Safe Haven

Summary: In this episode of China Money Podcast, guest Roger Gordon, professor of economics at the University of California San Diego, discusses: - How taxes influence economic development in emerging markets: How do China and India compare with each other? - The division of tax revenues between local government and the central government: What should China do to make its taxes more efficiently divided between the two layers of governments? - Revenue from local governments' land sale is declining: What other sources of revenue can fill the hole? - RMB's internationalization: Can the Chinese Yuan become a reserve currency, and how long will it take? About Roger Gordon: Roger Gordon is professor of economics at the University of California San Diego and visiting professor of economics at Cheung Kong Graduate School of Business. He has done extensive research on taxes in developing countries and economies in transition. He attended Harvard College and received a Ph.D. in economics from MIT.