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

Paperback (Print)
Buy New
Buy New from
Used and New from Other Sellers
Used and New from Other Sellers
from $8.04
Usually ships in 1-2 business days
(Save 82%)
Other sellers (Paperback)
  • All (12) from $8.04   
  • New (5) from $30.35   
  • Used (7) from $8.04   


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.

Read More Show Less

Product Details

  • ISBN-13: 9780199235896
  • Publisher: Oxford University Press, USA
  • Publication date: 4/30/2008
  • Edition description: New Edition
  • Edition number: 1
  • Pages: 432
  • Product dimensions: 9.10 (w) x 6.10 (h) x 1.00 (d)

Meet the Author

Barry Eichengreen is George C. Pardee and Helen N. Pardee Professor of Economics and Political Science at the University of California, Berkeley, Research Associate of the NBER, and Research Fellow of the Centre for Economic Policy Research.
Yung Chul Park is Research Professor, Graduate School of International Studies, Seoul National University.
Charles Wyplosz, who teaches at the Graduate Institute of International Studies in Geneva, is working on international monetary issues, with particular interest in regional arrangements in Europe.

Read More Show Less

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
Read More Show Less

Customer Reviews

Be the first to write a review
( 0 )
Rating Distribution

5 Star


4 Star


3 Star


2 Star


1 Star


Your Rating:

Your Name: Create a Pen Name or

Barnes & Review Rules

Our reader reviews allow you to share your comments on titles you liked, or didn't, with others. By submitting an online review, you are representing to Barnes & that all information contained in your review is original and accurate in all respects, and that the submission of such content by you and the posting of such content by Barnes & does not and will not violate the rights of any third party. Please follow the rules below to help ensure that your review can be posted.

Reviews by Our Customers Under the Age of 13

We highly value and respect everyone's opinion concerning the titles we offer. However, we cannot allow persons under the age of 13 to have accounts at or to post customer reviews. Please see our Terms of Use for more details.

What to exclude from your review:

Please do not write about reviews, commentary, or information posted on the product page. If you see any errors in the information on the product page, please send us an email.

Reviews should not contain any of the following:

  • - HTML tags, profanity, obscenities, vulgarities, or comments that defame anyone
  • - Time-sensitive information such as tour dates, signings, lectures, etc.
  • - Single-word reviews. Other people will read your review to discover why you liked or didn't like the title. Be descriptive.
  • - Comments focusing on the author or that may ruin the ending for others
  • - Phone numbers, addresses, URLs
  • - Pricing and availability information or alternative ordering information
  • - Advertisements or commercial solicitation


  • - By submitting a review, you grant to Barnes & and its sublicensees the royalty-free, perpetual, irrevocable right and license to use the review in accordance with the Barnes & Terms of Use.
  • - Barnes & reserves the right not to post any review -- particularly those that do not follow the terms and conditions of these Rules. Barnes & also reserves the right to remove any review at any time without notice.
  • - See Terms of Use for other conditions and disclaimers.
Search for Products You'd Like to Recommend

Recommend other products that relate to your review. Just search for them below and share!

Create a Pen Name

Your Pen Name is your unique identity on It will appear on the reviews you write and other website activities. Your Pen Name cannot be edited, changed or deleted once submitted.

Your Pen Name can be any combination of alphanumeric characters (plus - and _), and must be at least two characters long.

Continue Anonymously

    If you find inappropriate content, please report it to Barnes & Noble
    Why is this product inappropriate?
    Comments (optional)