This book is on globalization and sustainable growth in China. Thanks to the market-oriented policy reforms initiated in the late 1970s, China has achieved spectacular economic growth over the past several decades, and its economic structure has experienced great transformation. In the meantime, in the general context of globalization, the whole country has also gradually opened up to foreign trade and foreign direct investment, transforming itself from a virtually completely closed economy to a major trading nation and the largest developing-country destination for foreign direct investment in the world. In the first three chapters of this book, we investigate the potential and actual mechanisms and channels through which globalization, especially openness to foreign trade and foreign direct investment, affects industrial development and growth disparities in China. The current wave of globalization has encouraged economic growth in the world economy and affected all sides of international economic involvement. In the next four chapters of the book, we study China and the world economy. We first join the line of research on the trade frictions between China and the United States, including an analytical chapter on trade imbalance and protectionist policy, and an empirical chapter on business cycle synchronization between China and the US. A chapter on growth cycles in the BRICS is also included to explore growth and trade linkages among these five emerging market economies. A new "conventional wisdom" on globalization is that trade and financial openness do not lead to higher economic growth by themselves, in the absence of institutional reforms. Motivated by the Chinese experience, we develop an analytical framework in the last chapter to examine the case of growth targeting in China and draw policy implication for LDCs on how to achieve positive and sustainable economic growth. This book provides the readers with new facts and new findings that shed light on their understanding of globalization and sustainable growth in China.
- ISBN:
- 9789811598241
- 9789811598241
-
Category:
- Economics
- Format:
- Hardback
- Publication Date:
-
10-11-2020
- Publisher:
- Springer Verlag, Singapore
- Country of origin:
- Singapore
- Pages:
- 121
- Dimensions (mm):
- 235x155mm
- Weight:
- 0.45kg
This title is in stock with our Australian supplier and should arrive at our Sydney warehouse within 2 - 3 weeks of you placing an order.
Once received into our warehouse we will despatch it to you with a Shipping Notification which includes online tracking.
Please check the estimated delivery times below for your region, for after your order is despatched from our warehouse:
ACT Metro 2 working days
NSW Metro 2 working days
NSW Rural 2 - 3 working days
NSW Remote 2 - 5 working days
NT Metro 3 - 6 working days
NT Remote 4 - 10 working days
QLD Metro 2 - 4 working days
QLD Rural 2 - 5 working days
QLD Remote 2 - 7 working days
SA Metro 2 - 5 working days
SA Rural 3 - 6 working days
SA Remote 3 - 7 working days
TAS Metro 3 - 6 working days
TAS Rural 3 - 6 working days
VIC Metro 2 - 3 working days
VIC Rural 2 - 4 working days
VIC Remote 2 - 5 working days
WA Metro 3 - 6 working days
WA Rural 4 - 8 working days
WA Remote 4 - 12 working days
Share This Book: