China, Asia, and the New World Economy / Edition 1 by Barry Eichengreen, Yung Chul Park, Charles Wyplosz | | 9780199235896 | Paperback | Barnes & Noble
China, Asia, and the New World Economy / Edition 1

China, Asia, and the New World Economy / Edition 1

by Barry Eichengreen, Yung Chul Park, Charles Wyplosz
     
 

ISBN-10: 0199235899

ISBN-13: 9780199235896

Pub. Date: 04/30/2008

Publisher: Oxford University Press, USA

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

Overview

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.

Product Details

ISBN-13:
9780199235896
Publisher:
Oxford University Press, USA
Publication date:
04/30/2008
Edition description:
New Edition
Pages:
432
Product dimensions:
9.10(w) x 6.10(h) x 1.00(d)

Table of Contents


List of Figures     vii
List of Tables     xi
Introduction   Barry Eichengreen   Yung Chul Park   Charles Wyplosz     xv
China's Coming Demand for Energy   Richard N. Cooper     1
China and the Global Environment   Warwick J. McKibbin     18
The Spoke Trap: Hub-and-Spoke Bilateralism in East Asia   Richard E. Baldwin     51
The Proliferation of FTAs and Prospects for Trade Liberalization in East Asia   Yung Chul Park   Inkyo Cheong     87
Containing the PTA Wildfire   Cedric Dupont   David Huang     113
China and the Multilateral Trading System   Robert Z. Lawrence     145
Regional and Global Financial Integration in East Asia   Soyoung Kim   Jong-Wha Lee   Kwanho Shin     168
Determinants of Liquidity in the Thai Bond Market   Akkharaphol Chabchitrchaidol   Sakkapop Panyanukul     201
Is East Asia Safe from Financial Crises?   Charles Wyplosz     233
Chinese Macroeconomic Management: Issues and Prospects   Yu Yongding     254
The Chinese Approach to Capital Inflows: Patterns and Possible Explanations   Eswar Prasad   Shang-Jin Wei     274
Do China's Capital Controls Still Bind?   Guonan Ma   Robert N. McCauley     312
Impact of Financial Services Trade Liberalization on Capital Flows: The Case of China's Banking Sector   Li-Gang Liu   Elvira Kurmanalieva     341
Why Does China Save So Much?   Charles Yuji Horioka   Junmin Wan     371
Index     393

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