China stands out as a candidate site to include in the pilot projects of Youth Development Accounts (YDAs) in four ways: (1) a flexible, reliable, regulated banking infrastructure to deliver YDAs; (2) national government interest in asset-based socioeconomic development policy; (3) engaged and experienced local contacts in research institutions; and (4) a strong and stable economy. In particular, Sichuan Province appears to be an ideal site to choose as a launching site for YDAs in Asia. This brief is one of a series that CSD has prepared on candidate countries in Asia, Africa, and Latin America. This brief, like the others, assesses the candidate country on four criteria: institutional capacity, national political interest, research capacity, and broader macroeconomic environment.
Project: YouthSave
Citation
Zou, L. (2009, August). China country assessment for Youth Development Accounts (CSD Country Brief No. 09-33). St. Louis, MO: Washington University, Center for Social Development.