Description
Book SynopsisHow China continues its integration with the global economy is one of todayâs crucial questions, both for Chinaâs own growth prospects and for the rest of the world contending with the still numerous developmental challenges of the worldâs second-largest economy. In the first thirty years after it emerged from central planning, gradual opening to the world economy formed an integral part of Chinaâs market-orientated reforms. Understanding the effect of trade and investment integration on Chinaâs growth is essential for assessing the sustained development of China.
This subject is of growing interest because understanding the international impact of globalization on China, and the effect of China in turn on the world economy, is crucial for any analysis of the changing global system of the twenty-first century. There are already signs that the analysis of China is as important for assessing the health of the global economy, as the analysis of the United States. This timely collection examines Chinaâs global integration, encompassing trade, investment, exchange rates, capital-account liberalization, global impact, and the linkages to growth and transition in China.
