China, Asia, and the new world economy / edited by Barry Eichengreen, Charles Wyplosz, and Yung Chul Park.

Format:

Book

Contributor:

Eichengreen, Barry J.

Pak, Yŏng-chʻŏl, 1939-

Wyplosz, Charles.

Language:

English

Subjects (All):

International economic relations.

China--Economic conditions--2000-.

China.

Economic conditions.

China--Foreign economic relations.

Asia--Economic conditions--1945-.

Asia.

Asia--Foreign economic relations.

Physical Description:

xxii, 405 pages : illustrations ; 24 cm

Place of Publication:

Oxford ; New York : Oxford University Press, 2008.

Summary:

The rise of Asia, and China specifically, is the single most important force reshaping the world economy at the beginning of the 21st century. From a low of 20 per cent in 1950, Asia's share of global GDP has now risen to 33 per cent and will exceed 40 per cent within a generation if current forecasts are realized. Asia's growing weight in the world economy is elevating it to a central position in global economic and financial affairs. The potential global impact of this astonishing growth is far reaching, from oil markets and the environment to a reshaping of trade relations in the current multilateral system dominated by the WTO.

This collection of original essays written by leading economists explores the likely impact of the rapid growth in the East Asian economies, and in particular China, on the world economy in the coming decades and the consequent challenges for the development of trade, macroeconomic, and environmental policy.

Contents:

China's coming demand for energy / Richard N. Cooper

China and the global environment / Warwick J. McKibbin

The spoke trap : hub and spoke bilateralism in East Asia / Richard E. Baldwin

Proliferation of FTAs and prospects for trade liberalization in East Asia / Yung Chul Park and Inkyo Cheong

Containing the PTA wildfire / Cédric Dupont and David Huang

China and the multilateral trading system / Robert Z. Lawrence

Regional and global financial integration in East Asia / Soyoung Kim, Jong-Wha Lee and Kwanho Shin

Determinants of liquidity in the Thai bond market / Akkharaphol Chabchitrchaidol and Sakkapop Panyanukul

Is East Asia safe from financial crises? / Charles Wyplosz

Chinese macroeconomic management : issues and prospects / Yu Yondgding

The Chinese approach to capital inflows : patterns and possible explanations / Eswar Prasad and Shang-Jin Wei

Do China's capital controls still bind? / Guonan Ma and Robert N. McCauley

Impact of financial services trade liberalisation on capital flows : the case of China's banking sector / Li-Gang Liu and Elvira Kurmanalieva

Why does China save so much? / Charles Yuji Horioka and Junmin Wan.

Notes:

Includes bibliographical references and index.

ISBN:

9780199235889

0199235880

0199235899

9780199235896

OCLC:

173498613