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China in the Local and Global Economy

China in the Local and Global Economy
Author: Steven Brakman
Publisher: Routledge
Total Pages: 338
Release: 2018-11-21
Genre: Business & Economics
ISBN: 1351390791

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The history of China dates back thousands of years, with periods of decline followed by periods of growth and innovation. This book puts the last 50 years – China's most recent period of growth – into perspective. It explores the changing national and international connections within China and between China and other parts of the world, and their importance for understanding the past, current, and future developments of the Chinese economy. The book brings together leading international contributors from China, Japan and Europe to consider the historical developments of these connections, the importance of natural and man-made connections for the Chinese economy, the role of institutions and policies for understanding the connections and their sustainability. This book will be of interest to scholars and researchers focusing on China, economics, geography or international trade.


China

China
Author: Ms.Wanda Tseng
Publisher: International Monetary Fund
Total Pages: 238
Release: 2003-02-24
Genre: Business & Economics
ISBN: 1589061780

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China's economic reforms over the past two decades have brought tremendous economic transformation, rapid growth, and closer integration into the global economy. Real income per capita has increased fivefold, raising millions of Chinese out of poverty. Despite these achievements, difficult reforms--involving the state-owned enterprises and the financial sector--must still be completed, and social pressures from rising unemployment and income inequalities need to be addressed. China's accession to the World Trade Organization will bring benefits but will also impose obligations on the economy, and could prove to be a watershed for the reform process. This book looks at the country's reform process, its past successes and future challenges.


China 2049

China 2049
Author: David Dollar
Publisher: Brookings Institution Press
Total Pages: 444
Release: 2020-06-09
Genre: Political Science
ISBN: 0815738064

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How will China reform its economy as it aspires to become the next economic superpower? It's clear that China is the world's next economic superpower. But what isn't so clear is how China will get there by the middle of this century. It now faces tremendous challenges such as fostering innovation, dealing with ageing problem and coping with a less accommodative global environment. In this book, economists from China's leading university and America's best-known think tank offer in depth analyses of these challenges. Does China have enough talent and right policy and institutional mix to transit from input-driven to innovation-driven economy? What does ageing mean, in terms of labor supply, consumption demand and social welfare expenditure? Can China contain the environmental and climate change risks? How should the financial system be transformed in order to continuously support economic growth and keep financial risks under control? What fiscal reforms are required in order to balance between economic efficiency and social harmony? What roles should the state-owned enterprises play in the future Chinese economy? In addition, how will technological competition between the United States and China affect each country's development? Will the Chinese yuan emerge as a major reserve currency, and would this destabilize the international financial system? What will be China's role in the international economic institutions? And will the United States and other established powers accept a growing role for China and the rest of the developing world in the governance of global institutions such as the World Trade Organization and the International Monetary Fund, or will the world devolve into competing blocs? This book provides unique insights into independent analyses and policy recommendations by a group of top Chinese and American scholars. Whether China succeeds or fails in economic reform will have a large impact, not just on China's development, but also on stability and prosperity for the whole world.


Global China

Global China
Author: Tarun Chhabra
Publisher: Brookings Institution Press
Total Pages: 430
Release: 2021-06-22
Genre: Political Science
ISBN: 0815739176

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The global implications of China's rise as a global actor In 2005, a senior official in the George W. Bush administration expressed the hope that China would emerge as a “responsible stakeholder” on the world stage. A dozen years later, the Trump administration dramatically shifted course, instead calling China a “strategic competitor” whose actions routinely threaten U.S. interests. Both assessments reflected an underlying truth: China is no longer just a “rising” power. It has emerged as a truly global actor, both economically and militarily. Every day its actions affect nearly every region and every major issue, from climate change to trade, from conflict in troubled lands to competition over rules that will govern the uses of emerging technologies. To better address the implications of China's new status, both for American policy and for the broader international order, Brookings scholars conducted research over the past two years, culminating in a project: Global China: Assessing China's Growing Role in the World. The project is intended to furnish policy makers and the public with hard facts and deep insights for understanding China's regional and global ambitions. The initiative draws not only on Brookings's deep bench of China and East Asia experts, but also on the tremendous breadth of the institution's security, strategy, regional studies, technological, and economic development experts. Areas of focus include the evolution of China's domestic institutions; great power relations; the emergence of critical technologies; Asian security; China's influence in key regions beyond Asia; and China's impact on global governance and norms. Global China: Assessing China's Growing Role in the World provides the most current, broad-scope, and fact-based assessment of the implications of China's rise for the United States and the rest of the world.


China in the Global Economy

China in the Global Economy
Author: Peter John Lloyd
Publisher: Edward Elgar Publishing
Total Pages: 357
Release: 2000-12-20
Genre: Business & Economics
ISBN: 1781952809

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This work focuses on the theme of twin transitions occuring in the Chinese economy: the transition from a centrally planned economic system to a market orientated one, and from an agrarian to a modern industrialized society. This book covers developments in the macroeconomy; productivity and reform of state-owned enterprises; issues of international trade such as the management of the exchange rate; the pattern of exports and the development of e-commerce; and problems in the agricultural sector and the environment.


China in the Global Economy China in the World Economy The Domestic Policy Challenges

China in the Global Economy China in the World Economy The Domestic Policy Challenges
Author: OECD
Publisher: OECD Publishing
Total Pages: 780
Release: 2002-04-23
Genre:
ISBN: 9264196277

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Drawing on the experiences of OECD Members over the past 50 years, and the Organisation’s extensive work with non-Member economies around the world, this landmark study provides readers with a comprehensive view of the interrelated domestic policy issues at stake and specific recommendations.


Integrating China into the Global Economy

Integrating China into the Global Economy
Author: Nicholas R. Lardy
Publisher: Rowman & Littlefield
Total Pages: 266
Release: 2004-05-13
Genre: Business & Economics
ISBN: 9780815798699

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China's accession to the World Trade Organization (WTO) has been hailed as the biggest coming-out party in the history of capitalism. Its membership eventually will contribute to higher standards of living for its citizens and increased growth for its economy. But why would the Chinese communist regime voluntarily agree to comply with the many complex rules of the global trading system since it has already become the world's seventh largest trading country while avoiding these constraints by remaining outside the system? The answer to this question forms the basis for this new book. Nicholas Lardy explores the many pressures on the Chinese government, both external and internal, to comply with the standards of the rule-based international trading system. Lardy points out that, prior to entry into the WTO, China enjoyed high growth rates and more foreign direct investment than any other emerging economy. He draws on a wealth of scholarship and experience to explain how China's leadership expects to leverage the increased foreign competition inherent in its WTO commitments to accelerate its domestic economic reform program, leading to the shrinkage and transformation of inefficient, money-losing companies and hastening the development of a commercial credit culture in its banks. Lardy answers a number of other questions about China's new WTO membership, including its effects on bilateral trade with the United States; the possibility that China will use its power to reshape the WTO in the future; the degree to which the terms of China's entry were more or less demanding than those for other new members; the ability of China's economy to successfully open to new imports; and the prospects for new growth in various sectors of China's economy made possible by WTO accession. This book will become an important tool for those who wish to understand China's new role in the global trading system, to take advantage of the new opportunities for investment in China


The Evolving Role of China in the Global Economy

The Evolving Role of China in the Global Economy
Author: Yin-Wong Cheung
Publisher: MIT Press
Total Pages: 473
Release: 2013
Genre: Business & Economics
ISBN: 0262018233

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China is now the world's second largest economy and may soon overtake the United States as the world's largest. This book offers a systematic analysis of four factors in China's rapid economic growth: exchange rate policy, savings and investment, monetary policy and capital controls, and foreign direct investment.


China's New Role in the World Economy

China's New Role in the World Economy
Author: Yiping Huang
Publisher: Routledge
Total Pages: 338
Release: 2013
Genre: Business & Economics
ISBN: 0415691168

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The growth of the Chinese economy and its impact on the global economy in contemporary times is without historical precedent. This volume presents an authoritative analysis of China's growth strategies, development model and structural reform in an international and historical context.


China's Transition to a Global Economy

China's Transition to a Global Economy
Author: Michael Webber
Publisher: Palgrave MacMillan
Total Pages: 298
Release: 2002-12-13
Genre: Business & Economics
ISBN:

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China's Transition to a Global Economy analyses the nature of globalization in China and assesses its implications not only for the study of globalization itself but also that of regionalization and transition. China's approach to the global economy has so far stressed the liberalization of trade and investment flows and the development of a market economy. Important identifiers of globalization in China are thus the flows of labour, commodities and capital across borders and the emergence of market forms of organization. By these indexes, globalization in China has been gradual and uneven. As part of its approach to the global economy, the Chinese government has sought to manipulate the geography of economic development, both at the macro and local level. Examples include regional policies, special economic zones and high technology zones. Studies of these processes are complemented by two iconic examples of globalization and industrial development - a traditional industry (textiles) and a new industry (personal computers).