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Author: Guy Williams
Publisher: Routledge
ISBN: 1351020005
Category : Social Science
Languages : en
Pages : 260
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Book Description
This book traces the development of China’s banking system through the first 25 years of China’s socialist market economy up to the present. It examines how China’s leaders have chosen their own path for reforming and regulating the banking sector and shows how this approach has differed significantly from the neoliberal approach promoted by the West. The book demonstrates the effectiveness of the Chinese approach, contrasting China’s relative success in weathering the Asian financial crisis with the huge disruption experienced by other East and Southeast Asian nations which had followed the neoliberal model much more closely. The book explains how China’s officials were able to resist the persistent efforts of foreign financial institutions to gain control of China’s financial sector, particularly around the time of China’s entry to the World Trade Organization. It argues that China’s increasing influence in international financial institutions after the global financial crisis can help mitigate the risk of future financial crises and promote global financial stability.
Author: Guy Williams
Publisher: Routledge
ISBN: 1351020005
Category : Social Science
Languages : en
Pages : 260
Get Book Here
Book Description
This book traces the development of China’s banking system through the first 25 years of China’s socialist market economy up to the present. It examines how China’s leaders have chosen their own path for reforming and regulating the banking sector and shows how this approach has differed significantly from the neoliberal approach promoted by the West. The book demonstrates the effectiveness of the Chinese approach, contrasting China’s relative success in weathering the Asian financial crisis with the huge disruption experienced by other East and Southeast Asian nations which had followed the neoliberal model much more closely. The book explains how China’s officials were able to resist the persistent efforts of foreign financial institutions to gain control of China’s financial sector, particularly around the time of China’s entry to the World Trade Organization. It argues that China’s increasing influence in international financial institutions after the global financial crisis can help mitigate the risk of future financial crises and promote global financial stability.
Author: D. Hugh Whittaker
Publisher:
ISBN: 0198744943
Category : Business & Economics
Languages : en
Pages : 305
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Book Description
Balancing and blending ideas of globalization with an understanding of historical and institutional contexts of development is an important challenge for many across the social sciences. This book aims to bridge some of these debates through the concept of 'compressed development', addressing areas of time, space, and strategy compression.
Author: Julia Kirch Kirkegaard
Publisher: Routledge
ISBN: 1351849883
Category : Social Science
Languages : en
Pages : 346
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Book Description
Whilst China’s growing economy is widely regarded as being responsible for severe environmental degradation and a high reliance on energy from fossil fuels, China is emerging as a potential leader in new green energy technologies. Outlining the extraordinary growth in China’s wind power capacity since 2005, this book explores the deliberate creation of a whole industry and the strategy of transitioning the power sector to renewable energy by accelerated experimentation and through literally pushing the emerging wind power sector to its limits. Investigating how wind power may not always be considered as sustainable in a wider Chinese developmental context, the book traces the struggle China has had in getting this high technology sector to qualify as truly Chinese scientific development, whilst often being opaquely at the mercy of foreign expertise, technology, and certification. The book furthermore exposes the surprising nuances, dynamics, and potency of unexpected players in Chinese wind power marketisation. Complex interplays are revealed between wind turbine control systems, algorithms in critical software technology, relationships between suppliers, wind farm developers, financiers, the electrical grid itself, the coal lobby, the broader Chinese state, and much more. The book has important implications far beyond wind power and contemporary China studies, highlighting the much wider story of China’s fragmented and experimental style of innovating, upgrading, and greening.
Author: China Development Research Foundation
Publisher: Routledge
ISBN: 1000051781
Category : Business & Economics
Languages : en
Pages : 517
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Book Description
This book examines the financing of China’s health system, argues that present arrangements are not adequate and proposes an increased role for commercial health insurance as a way of overcoming the difficulties. Highlighting that China’s present social medical insurance system can only cover basic medical services, with the results that many Chinese people with higher income are going abroad for high-quality medical services and that doctors are not bringing in the salaries and obtaining the social status they expect, the book suggests that commercial health insurance offers a possible solution, in that it can help meet the demand of higher-income groups for better healthcare services while at the same time increasing the income of more competent medical professionals. The book goes on to consider the current state of China’s commercial insurance industry, outlining the various challenges that the industry needs to overcome if it is to fulfil an increased role, challenges such as greater specialization, increased capacity, structural reform, improved regulation and closer integration with China’s medical reform programme.
Author: Peter Hertenstein
Publisher: Routledge
ISBN: 0429748922
Category : Social Science
Languages : en
Pages : 255
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Book Description
This book uses the examples of local supply firms in China and Brazil and their connections to the global automotive industry to explore the nature of current global value chains. It argues that lead firms make use of product architecture to globalize their procurement and supply chain management and that they effectively restructure the global supply base by internationalizing the most capable supply firms, thereby creating oligopolies controlled by the lead firm. The book goes on to contend that some firms have gained such powerful positions that they have gained a degree of control over other firms without the necessity of ownership – altering the mechanics of governance. Also, it shows how, although some supply firms from emerging markets have utilized their business ties with western assembly firms to upgrade themselves within the global value chain, most are squeezed out through increased global competition. Overall, the book makes a major new contribution to the economic theory of governance.
Author: Radhika Desai
Publisher: Routledge
ISBN: 1000571912
Category : Political Science
Languages : en
Pages : 110
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Book Description
This book covers key aspects of the governance of the world economy, from the structures of capitalism to regional economic integration through the trading and production systems. International economic governance was already in crisis well before the pandemic, and talk of the crisis of multilateralism and of the postwar Bretton Woods arrangements had become commonplace. The pandemic, with its economic, political, and international reverberations, has only widened and deepened that crisis, which has now taken the form of a new cold war on China, and made the search for solutions more urgent. In this context, the chapters in this volume contribute to a deeper understanding of how international economic governance and the world economy have been changing over the long run, and provide insights into the new forms they are taking at the macro and micro levels. The book covers the crisis of capitalism revealed by the pandemic, particularly when contrasted with socialist countries, initiatives of regional economic integration that challenge, rather than being subordinated by, western powers, including the US, the evolution of the trade regime in ways that make contemporary trade wars intelligible, and the shakeup of the international production system. The chapters in this book were originally published as a special issue of The Japanese Political Economy.
Author: Guy Williams
Publisher: Routledge
ISBN: 9780367589127
Category :
Languages : en
Pages : 176
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Book Description
This book traces China's banking system through the first twenty five years of China's socialist market economy to the present. It examines how China's leaders chose their own path for reforming and regulating the banking sector and how this differed from the neoliberal approach promoted by the West.
Author: Development Research Center of the State Council
Publisher:
ISBN: 9781464813351
Category : Business & Economics
Languages : en
Pages : 0
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Book Description
After more than three decades of average annual growth close to 10 percent, China's economy is transitioning to a 'new normal' of slower but more balanced and sustainable growth. Its old drivers of growth -- a growing labor force, the migration from rural areas to cities, high levels of investments, and expanding exports -- are waning or having less impact. China's policymakers are well aware that the country needs new drivers of growth. This report proposes a reform agenda that emphasizes productivity and innovation to help policymakers promote China's future growth and achieve their vision of a modern and innovative China. The reform agenda is based on the three D's: removing Distortions to strengthen market competition and enhance the efficient allocation of resources in the economy; accelerating Diffusion of advanced technologies and management practices in China's economy, taking advantage of the large remaining potential for catch-up growth; and fostering Discovery and nurturing China's competitive and innovative capacity as China approaches OECD incomes in the decades ahead and extends the global innovation and technology frontier.
Author: Ha Jiming
Publisher: Peterson Institute for International Economics
ISBN: 0881327395
Category : Business & Economics
Languages : en
Pages :
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Book Description
Outright trade war between the world’s two largest economies would be devastating to the working people of both countries, as well as destructive to the future of the entire world economy. The costs of conflict between China and the United States far outweigh the current causes of dispute in their economic relationship. These costs would be both direct, in terms of short-term losses of growth and employment, and indirect, in terms of long-term damage to the world trading system, diminishing investment and efficiency. There are points of genuine dispute between the United States and China over their economic interaction. Even if their economic significance is often exaggerated, these are legitimate points of contention and have to be addressed in a constructive manner. The analyses in this volume aim to contribute to a more reality-based consideration of both countries’ enlightened self-interests, which would yield progress on points of dispute in a manner consistent with keeping the world economy open for business.
Author: Luciana Juvenal
Publisher: International Monetary Fund
ISBN: 1513525379
Category : Business & Economics
Languages : en
Pages : 67
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Book Description
This paper provides a dataset on the currency composition of the international investment position for a group of 50 countries for the period 1990-2017. It improves available data based on estimates by incorporating actual data reported by statistical authorities and refining estimation methods. The paper illustrates current and new uses of these data, with particular focus on the evolution of currency exposures of cross-border positions.
