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This comprehensive collection provides a remarkable wealth of information and a timely assessment of China's economic development and integration with the global economy after WTO accession. Chunlai Chen brings together a distinguished group of scholars who employ economic theories, econometric modelling techniques and the latest statistics to analyze many important issues. These hotly debated topics include China's economic growth, international trade, regional trade arrangements, foreign direct investment, banking sector liberalization, exchange rate reform, agricultural trade and energy demand. Aimed at an international audience, this highly focused book will be of great benefit to academics and postgraduate students involved in Chinese economy and business studies, as well as researchers in international trade and foreign investment.--Publisher.
Foreign Direct Investment and the Chinese Economy provides a comprehensive overview of the impact of foreign direct investment, with extensive empirical evidence, on the Chinese economy over the last three and a half decades.
The Economics discipline at the University of Adelaide has a distinguished 100 year history of which the University and the State of South Australia can be proud. Very few other departments, of any discipline in Australian universities, could claim to have a majority of its lecturer appointments rising to full Professor status over a period as long as 1901 to 1995. Nor would many other university departments be able to say they have had five of their graduates win Rhodes Scholarships in the past 12 years.
China's accession to the World Trade Organization (WTO) has had profound consequences for the structure of its economy, and there will many more before the full benefits of an open trading regime will be realised. AGRICULTURE AND FOOD SECURITY IN CHINA explains the background to China's WTO accession and links accession to reforms beginning as far back as 1979. The book highlights China's policymakers' decision to move away from protectionism and grain self-sufficiency and illustrates how China's step away from direct participation in the agricultural sector to indirect regulatory involvement and liberalisation could encourage further economic growth. Yet not all economic growth is cost-free...
Since the 1990s, neo-institutionalists have posited that 'institutions matter'. However, they overlook one important issue: the ways institutions change also matters. Numerous academic studies have identified 'good' and 'bad' institutions, but little has been written about effective methods of transforming 'bad' institutions so that they enhance economic performance. To fill this gap, this book reframes the approach of neo-institutional economics to analyze institutions' role and evolution, focusing on the interaction between the household registration (hukou) system evolution and economic transformation.The authors apply an endogenous and dynamic perspective. First, the theory of endogenous...
The process of Asia's rise to a position of eminence in global finance has accelerated in the wake of the international financial crisis. This volume intends to explore and understand the dynamics created by this process of transition.
China has enjoyed unprecedented high economic growth for three decades. This growth has however been unbalanced and has led to some serious consequences which Chinese policy makers are now trying to rectify. One of the consequences is the deterioration of regional disparity which is threatening the stability of the Chinese society and hence the sustainability of current high economic growth in the country. This edited volume on China's regional development and economic growth is hence timely and contains a collection of the latest research reports in this field. The authors represent a distinguished group of economists in Australia, China, Japan and Vietnam who are actively engaged in research of the Chinese economy. The topics addressed in the chapters cover important regional issues such as inequality, distribution of the creative class, FDI and industrial policies. Specifically, this volume aims to examine selected issues associated with China's regional development, economic growth and FDI, and China and its neighboring economies. The findings will contribute to current economic policy debates.
China’s change to a new model of growth, now called the ‘new normal’, was always going to be hard. Events over the past year show how hard it is. The attempts to moderate the extremes of high investment and low consumption, the correction of overcapacity in the heavy industries that were the mainstays of the old model of growth, the hauling in of the immense debt hangover from the fiscal and monetary expansion that pulled China out of the Great Crash of 2008 would all have been hard at any time. They are harder when changes in economic policy and structure coincide with stagnation in global trade and rising protectionist sentiment in developed countries, extraordinarily rapid demograph...
This book considers the evolving relationship between China and the international system, and the interaction between a China of profound change in its identity, capability, and influence, and an international system that is itself experiencing a process of far-reaching transformation. It develops an analytical framework that allows us to capture, understand and explain a more dynamic pattern of agent-structure interaction in China’s relationship with the international system. By demonstrating a more dynamic and mutually constitutive relationship between China and the international system, the book explores the extent to which both transform themselves in the process, and provides a fuller and more effective assessment of the evolving nature of the relationship. In doing so, it addresses key issues in the current literature on the relationship of China and the international system, and helps close the gap in our knowledge of the conditions and consequences of change and stability in the international system as a result of the change in distributions of power, capability and influence among nation-states.
The year 2018 marks 40 years of reform and development in China (1978–2018). This commemorative book assembles some of the world’s most prominent scholars on the Chinese economy to reflect on what has been achieved as a result of the economic reform programs, and to draw out the key lessons that have been learned by the model of growth and development in China over the preceding four decades. This book explores what has happened in the transformation of the Chinese economy in the past 40 years for China itself, as well as for the rest of the world, and discusses the implications of what will happen next in the context of China’s new reform agenda. Focusing on the long-term development ...