By Michael Webber, M. Wang, Z. Ying
How has China approached the worldwide financial system? Webber, Wang and Zhu try and solution this query via research of the recommendations of globalization, transition and regionalization. China's method has been experimental, stressing the liberalization of alternate and funding flows and the improvement of a industry economic climate. via those indexes globalization in China has been slow and asymmetric. Integrating Western social technological know-how and chinese language examine, this booklet assesses the character and influence of globalization in China and its implications.
Read or Download China’s Transition to a Global Economy PDF
Similar comparative books
During the last ten years, antitrust ideas governing vertical agreements have gone through thorough reform. within the EC, the previous sector-specific block exemptions have been changed by means of law 2790/99, acceptable to all sectors of the financial system. additionally, alterations brought to the procedural ideas have resulted in the decentralization of Article 81(3) and the removing of the notification requirement.
This comparative learn of the works of Vladimir Solovyev and Max Scheler explores a number of the parts during which their suggestions appear to endure a right away relation to each other. the writer exhibits, although, that any such correlation isn't according to any actual effect of the sooner Russian at the later philosophy of Scheler.
Students have addressed at size the 'what' of judicial evaluate lower than a invoice of rights - scrutinizing laws and extraordinary it down - yet overlooked the 'how'. Adopting an inner criminal viewpoint, Robert Leckey addresses that hole via reporting at the strategies and actions of judges of the top courts of Canada, South Africa and the uk as they follow their really new debts of rights.
- Comparative Industrial Relations: Ideologies, institutions, practices and problems under different social systems with special reference to socialist planned economies
- Removing barriers to SME access to international markets
- Comparative Embryology of Angiosperms: Vol. 1, 2
- Mixed Legal Systems, East and West
- Indigenous Cultural Heritage and Intellectual Property Rights: Learning from the New Zealand Experience?
Extra resources for China’s Transition to a Global Economy
The Chinese government still has a strong inﬂuence in directing where and in what sectors its large enterprises invest overseas. The enterprises are encouraged to invest in the state’s selected priority sectors and targeted regions. To fulﬁl such goals, the Ministry of Foreign Trade and Economic Corporation (MOFTEC) and the State Economics and Commerce Commission (SECC) are appointed as the key players. 1 shows a clear division of labour between these two ministries. Applications for overseas investment by provincial or prefecture-level state-owned enterprises are ﬁrst submitted to provincial departments of Foreign Trade and Economic Cooperation and Economics and Commerce, then to the State Economics and Commerce Commission.
However, China has what most developing countries lack: a huge domestic market, which offers a buffer against ﬂuctuating global markets and lessens dependence on overseas markets. This market – together with independence from structural adjustment policies – has made it possible for China to bargain for the technology it needs, to control the pace of its opening and to balance its trade. In many of these respects, China’s experience (so far) of the opening up has made it seem much more like an east Asian late industrialiser than an economy in transition to a liberal trading regime or a structurally adjusted developing economy.
A new category of actor was being created: people, enterprises and governments that depended for their income on this new, open economy; another new category of actor comprised those who sought to take part in this new process of wealth creation. By the late 1990s, the central government retained direct control only over international ﬁnancial and banking activities and the larger investments, but still actively sought to encourage particular sectoral and geographic directions of trade and investment.
China’s Transition to a Global Economy by Michael Webber, M. Wang, Z. Ying