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In this analysis of the roots and objectives of Chinese economic and industrial policy, Mastel outlines the implications of China's rise for the world economy. He then proposes strategies to address the hazards this rise will pose as well as the opportunities it will create.
Decades ago, there was no distinct middle class in the People's Republic of China. Any meaningful discussion of China's economy, politics, or society must take into account the rapid emergence and explosive growth of the Chinese middle class. This book details the origins and characteristics of this dramatic change.
How the political conditions lay the economic foundation of a country? How the discovery of oil can make a country have the richest royals, or the biggest hedge funds? How can tourism advance an economy at the base level and how it can be totally devastating at times? How laws of some country can make it the hotbed for the world's richest? How the deadliest monarch can give the status of high-end to its fashion-house? How did Hong Kong become the most capitalistic from a communist nation? How can China be communist and the world's biggest economy at the same time? How can a tiny country in the Middle-East surrounded by its violent enemies be the tech hub of Asia? How can India be a global superpower? How UAE is shifting from oil-based country to tourism and tech-based country? This book answers a lot more than just these questions. This book does not just contain huge mathematical equations or complex graphs, but analysis of an economy through history, geopolitics, law, and the political order of that country. It contains the concept of economics from the basics through analysis of an economy in its simplest and most intuitive form.
This volume reviews the goals, operation, and history of American antidumping laws coupled with a strategy for using those laws to promote U.S. trade policy and economic objectives in the post-Uruguay Round GATT talks.
The rise of China is no doubt one of the most important events in world economic history since the Industrial Revolution. Mainstream economics, especially the institutional theory of economic development based on a dichotomy of extractive vs. inclusive political institutions, is highly inadequate in explaining China's rise. This book argues that only a radical reinterpretation of the history of the Industrial Revolution and the rise of the West (as incorrectly portrayed by the institutional theory) can fully explain China's growth miracle and why the determined rise of China is unstoppable despite its current 'backward' financial system and political institutions. Conversely, China's spectacular and rapid transformation from an impoverished agrarian society to a formidable industrial superpower sheds considerable light on the fundamental shortcomings of the institutional theory and mainstream 'blackboard' economic models, and provides more-accurate reevaluations of historical episodes such as Africa's enduring poverty trap despite radical political and economic reforms, Latin America's lost decades and frequent debt crises, 19th century Europe's great escape from the Malthusian trap, and the Industrial Revolution itself.
The Historical Dictionary of the Chinese Economy covers the world’s second largest macro economy. Extensive attention throughout the volume is given to the historical development of the Chinese economy since the establishment of the People’s Republic of China (PRC) in 1949. Included is a review of developments during the period of central economic planning adopted from the Soviet Union (1953-1978) and in-depth information and analysis on the various policies and fundamental changes brought about in China by the inauguration of economic reforms from 1978-1979 through 2016. This book contains a chronology, an introduction, and an extensive bibliography. The dictionary section has over 400 cross-referenced entries on i critical sectors of the economy including automobiles, banking and finance, national currency, economic regulation, trade and investment, and important industries such as agriculture, computers and electronics, iron and steel, real estate, and shipping.. This book is an excellent resource for students, researchers, and anyone wanting to know more about China’s economy.
The book explores the macroeconomic and sectoral employment implications (in agriculture, industry and services) of China's World Trade Organisation accession. It argues that while short-run employment losses may occur, in the longer term China will be able to generate additional employment particularly in the tertiary sectors; and that it can maintain its comparative advantage in labour-intensive exports by relocating production from high-cost coastal areas to the hinterland with abundant supply of cheap labour. It also argues that, although China is likely to benefit in the long run, in the short and medium term China is likely to face enormous problems, including increased unemployment as weaker links cease to be protected by tariffs, and the problem of restructuring state-owned enterprises.
In this book, author Jinghao Zhou uses for the first time the prism of public philosophy to examine Chinese society, modernization, globalization, and democratization as a whole. Challenging conventional thinking in China studies, he examines China systematically in seven aspects: history, ideology, economy, politics, religion, education, and China's future, and does so from both Eastern and Western perspectives. The volume asserts that the remaking of China's public philosophy is they key for the nation to achieve both economic and political prosperity, making the bold argument that this remaking can contribute profoundly not only to China's development, but to international peace and development as well. In Remaking China's Public Philosophy for the Twenty-First Century, author Jinghao Zhou uses for the first time the prism of public philosophy to examine Chinese society, modernization, globalization, and democratization as a whole. Challenging conventional thinking in China studies, he examines China systematically in seven aspects: history, ideology, economy, politics, religion, education, and China's future, and does so from both Eastern and Western perspectives. The volume asserts that the remaking of China's public philosophy—the very principles and precepts it now takes for granted—is they key for the nation to achieve both economic and political prosperity. Zhou aims for a peaceful revolution of China's democratization while he explores a new paradigm in China studies, making the bold argument that this remaking can contribute profoundly not only to China's development, but to international peace and development as well.
The World Trade Organisation cannot be deemed truly international without the full participation of China, a massive market with an increasing number of highly sophisticated sectors. Yet'although China did accede to the WTO in 2001, after fifteen years of negotiations'WTO members persist in classifying China as a non-market economy, with all the trade restrictions such labelling entails. The EC in particular continues to curtail the flow of Chinese-European trade, despite some recent liberalisation in EC import and antidumping regulations. In this important book Dr. Hoogmartens clearly points the way to an equitable resolution of the complex problems raised by the friction between China's planned economy and EC trade policy instruments. The 'economic interface' he constructs takes account of such crucial elements as the following: China's 'unfinished' legal and economic reforms;the danger that the EC may develop an abusive protectionist stance;the challenge to the EC of increased Chinese competition;the persistence of Chinese state-owned enterprises;the absence of a satisfactory methodology to deal with the Chinese variant of a non-market economy;the possible adjustment of EC antidumping regulations vis-à-vis China;emergency safeguards;the role of the rule of law in trade regulation; andthe 'translatability' of Western social and political institutions. Addressing as it does a highly salient present and future aspect of the global economy, EC Trade Law Following China's WTO Accession will be of enormous value to policymakers in international economic law at all national and supranational levels. The author's reasoned and cautious analysis builds a sound platform for the ongoing development of peaceful and mutually beneficial commercial relations between Europe and China.