This book provides an analysis of the Chinese economy in the context of globalization after China's admission to the WTO. In four parts it addresses globalization, privatization, fiscal policy and financial development. In depth analysis is also given to international trade, industrial development as well as economic performance and the labour market. The Chinese Economy after WTO Accession is a comprehensive study supported by recent data and quantitative analysis. It provides a solid basis for better understanding the possible future directions of China's economy. This volume is an indispensable source for scholars and students alike.
About the Author
Shuming Bao is the Senior Research Coordinator for China Initiatives at the International Institute of the University of Michigan at Ann Arbor, USA. Shuanglin Lin is Lindley Professor in the Department of Economics, University of Nebraska at Omaha, USA. Changwen Zhao is Professor at the Business School in Sichuan University, China.
Table of ContentsContents: Introduction, Shuming Bao, Shuanglin Lin and Changwen Zhao. Part I Globalization and Privatization: A new round of economic growth: causes, mechanisms and characteristics, Shijin Liu; China one year after its WTO entry, Aimin Chen; WTO and private enterprises: a case study of China Feiyue, Shunfeng Song and Hong Cheng; Local government and private sector development, Yifan Zhang; Globalization and privatization: evidence from China, Jian Su. Part II Fiscal Policy Reform and Financial Development: China's capital tax reforms in an open economy, Shuanglin Lin; On the intertemporal sustainability of fiscal debt, Ying Wu; Sequencing domestic financial reform: country experiences and China's roadmap, Yanqing Yang; Public venture capital and its private strategies in China, Changwen Zhao, Shuming Bao, Chunfa Chen; Financial development and urban-rural income disparity in China, Qi Zhang, Mingxing Liu, Yiu-Por Chen, Ran Tao. Part III International Trade and Industrial Development: China in the antidumping war against China, Jason Z. Yin; Price competition in the Chinese pharmaceutical market, Y. Richard Wang; The performance of commodity futures markets: a comparison of China and U.S. wheat futures, Wen Du and H. Holly Wang; Home market effect and its impact on production and trade: an empirical study of China and the US, Fan Zhang, Zuohong Pan. Part IV Economic Performance and Labor Market: Comparing selected aspects of economic performance: China versus India, Peter E. Koveos, Yimin Zhang; Low wage and low labor standards in China: a substitute explanation of "The Race-to-the-Bottom", Sheng Li; Migration and regional development in China, Shuming Bao, Anqing Shi, Jack W. Hou; Taiwan cross-strait economic relations in the era of globalization, Yongjun Chen; Index.