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This publication offers a synthesis of the major factors at play in the global food and agricultural landscape. Statistics are presented in four thematic chapters, covering the economic importance of agricultural activities, inputs, outputs and factors of production, their implications for food security and nutrition and their impacts on the environment. The Yearbook is meant to constitute a primary tool for policy makers, researchers and analysts, as well as the general public interested in the past, present and future path of food and agriculture.
This book sheds light on the trends, characteristics, motives, and policy implications of U.S. direct investment in China.
This book is a full review of China's foreign trade in the past 70 years of institutional changes and reform. It presents a magnificent historical overview for China's economic history, sometimes full of trials and hardships, while facing the growth and rise. The author aims to build a unique narrative system to analyze the success and failure, gain and loss during the period, and present the China path in foreign trade among numerous events and different stages under a complex context. It is a must-read book for readers who are interested in China's foreign trade during 1949–2019.
This book explores the characteristics of China's outward foreign investment, its motivation, its sector distribution, and its geographical distribution in order to illustrate the current pattern of 'merchant-state dualism' in China's overseas foreign direct investment. Merchant-state dualism is a hybrid relationship between the state and society that maintains state control over merchants, while giving them some autonomy. By investigating the interactions between business and government elites to determine Chinese outward foreign investment, and by exploring the reasons for selecting certain foreign investments in light of internal political and economic concerns and the external effect of investing in politically sensitive countries, the book highlights the political underpinnings and calculations of China's foreign investment. It thus sheds light on current merchant-state dualism by concluding that merchant-state dualism is the most suitable model for explaining contemporary Chinese government-business relations.
China's accession to the World Trade Organization (WTO) has been hailed as the biggest coming-out party in the history of capitalism. Its membership eventually will contribute to higher standards of living for its citizens and increased growth for its economy. But why would the Chinese communist regime voluntarily agree to comply with the many complex rules of the global trading system since it has already become the world's seventh largest trading country while avoiding these constraints by remaining outside the system? The answer to this question forms the basis for this new book. Nicholas Lardy explores the many pressures on the Chinese government, both external and internal, to comply with the standards of the rule-based international trading system. Lardy points out that, prior to entry into the WTO, China enjoyed high growth rates and more foreign direct investment than any other emerging economy. He draws on a wealth of scholarship and experience to explain how China's leadership expects to leverage the increased foreign competition inherent in its WTO commitments to accelerate its domestic economic reform program, leading to the shrinkage and transformation of inefficient, money-losing companies and hastening the development of a commercial credit culture in its banks. Lardy answers a number of other questions about China's new WTO membership, including its effects on bilateral trade with the United States; the possibility that China will use its power to reshape the WTO in the future; the degree to which the terms of China's entry were more or less demanding than those for other new members; the ability of China's economy to successfully open to new imports; and the prospects for new growth in various sectors of China's economy made possible by WTO accession. This book will become an important tool for those who wish to understand China's new role in the global trading system, to take advantage of the new opportunities for investment in China
By the early 21st century, the FDI (Foreign Direct Investment) sector had carved out a major niche in the Chinese economy and exerted a remarkable impact on the nation's economic growth, industrial restructuring and its degree of integration with the global economy. The major role of the FDI sector manifests itself in many aspects, such as serving as a source of funds, improving investment efficiency, boosting output, introducing advanced technology and research capacities, ameliorating the industrial structure, expanding exports, upgrading the export commodity mix, and promoting economic restructuring. All these are described and analysed in great detail in this book. The last few chapters of the book feature the author's prognostications of the key areas where FDI is to be solicited and the salient features of what China will do in this respect. FDI will continue its massive flow into the Chinese manufacturing industry and play an active role in turning China into a global manufacturing centre for a number of industries. The FDI inflow in the service industry will surge in a sustained fashion, thereby raising its efficiency and improving the services offered. In the last section
This volume focuses on Chinese economic statecraft during the first decade of Deng Xiaoping’s reform and opening-up policies, from 1978 to 1989. During these years, Chinese economic engagement with the external world was tentative and experimental, with long-term strategies still decidedly under development. Prominent topics covered are China’s efforts to steer an economic course tailored to and representing what Deng Xiaoping famously described as “socialism with Chinese characteristics”; China’s quest for advanced science and technology; China’s dealings with international economic institutions, especially the World Bank; China’s engagement with other powers, including Japan, the United States, the ASEAN nations, and Europe; and the role of non-governmental organizations, including foreign policy think tanks, exchange groups, and educational institutions, in developing Chinese economic thinking and methodology during this decade. Contributors also focus on how elements of the Chinese military turned to building China’s new economic infrastructure, and on Chinese efforts to break into foreign markets. The volume ends with an overview and reassessment of earlier findings on Chinese economic statecraft in these years, by one of the leading Chinese experts on the PRC’s international policy.