Matches in SemOpenAlex for { <https://semopenalex.org/work/W3123243316> ?p ?o ?g. }
Showing items 1 to 83 of
83
with 100 items per page.
- W3123243316 abstract "The authors examine how the economic interactions between rapidly emerging China and the rest of the world may evolve over the coming two decades. They discuss China's growth potential, drawing a parallel between China's rise and the historical rise of Britain, Japan and the United States. Barring major disruptions, they contend, China could become one of the world's largest economies, if not the largest, by the year 2020. Industrial countries, especially Japan and the US , are expected to benefit because their trade structure complements China's. Developing countries, especially exporters of labor-intensive manufactured products, are likely to be put under competitive pressure. The authors argue that it would be advantageous for China to embark on the traditional strategy of a follower country -- that is, to run current account deficits and use foreign resources to supplement domestic investment. Should foreign direct investment continue at its recent rate, China may have to cope with overfinancing of its current account deficits. The authors argue for a development strategy that projects a sustainable growth rate with somewhat higher current account deficits and, therefore, somewhat higher levels of consumption and lower domestic savings, and a toning down of a policy bias that favors coastal regions. Such a strategy would lift consumption standards more rapidly. It would also defuse some of the social tensions generated by the unequal development of different regions. As for the country's vulnerability to the external environment, the authors argue that in the long run China is resilient in the face of adverse external developments, especially those coming from outside Asia. In the short term, however, adverse external shocks could threaten the macroeconomic stability important to reform. A simulation analysis of China's loss of most-favored-nation status in the US confirms this assertion. The authors conclude that preserving openness is in China's best interest and that the US in particular stands to gain much in the longer run if it maintains open trade relations with China. Adversarial US policies could encourage China, Japan and other Asian countries to prefer intraregional trade, possibly excluding the US from full participation in what is bound to be the world's most dynamic growth pole." @default.
- W3123243316 created "2021-02-01" @default.
- W3123243316 creator A5005826786 @default.
- W3123243316 creator A5011189016 @default.
- W3123243316 creator A5024326750 @default.
- W3123243316 creator A5036500840 @default.
- W3123243316 date "1994-08-31" @default.
- W3123243316 modified "2023-09-26" @default.
- W3123243316 title "China's emergence: prospects, opportunities, and challenges" @default.
- W3123243316 hasPublicationYear "1994" @default.
- W3123243316 type Work @default.
- W3123243316 sameAs 3123243316 @default.
- W3123243316 citedByCount "4" @default.
- W3123243316 crossrefType "posted-content" @default.
- W3123243316 hasAuthorship W3123243316A5005826786 @default.
- W3123243316 hasAuthorship W3123243316A5011189016 @default.
- W3123243316 hasAuthorship W3123243316A5024326750 @default.
- W3123243316 hasAuthorship W3123243316A5036500840 @default.
- W3123243316 hasConcept C139719470 @default.
- W3123243316 hasConcept C144024400 @default.
- W3123243316 hasConcept C155202549 @default.
- W3123243316 hasConcept C162324750 @default.
- W3123243316 hasConcept C17744445 @default.
- W3123243316 hasConcept C18547055 @default.
- W3123243316 hasConcept C191935318 @default.
- W3123243316 hasConcept C199539241 @default.
- W3123243316 hasConcept C27548731 @default.
- W3123243316 hasConcept C2776988154 @default.
- W3123243316 hasConcept C30772137 @default.
- W3123243316 hasConcept C33842695 @default.
- W3123243316 hasConcept C36289849 @default.
- W3123243316 hasConcept C38652104 @default.
- W3123243316 hasConcept C41008148 @default.
- W3123243316 hasConcept C47768531 @default.
- W3123243316 hasConcept C52092804 @default.
- W3123243316 hasConcept C94625758 @default.
- W3123243316 hasConcept C95713431 @default.
- W3123243316 hasConceptScore W3123243316C139719470 @default.
- W3123243316 hasConceptScore W3123243316C144024400 @default.
- W3123243316 hasConceptScore W3123243316C155202549 @default.
- W3123243316 hasConceptScore W3123243316C162324750 @default.
- W3123243316 hasConceptScore W3123243316C17744445 @default.
- W3123243316 hasConceptScore W3123243316C18547055 @default.
- W3123243316 hasConceptScore W3123243316C191935318 @default.
- W3123243316 hasConceptScore W3123243316C199539241 @default.
- W3123243316 hasConceptScore W3123243316C27548731 @default.
- W3123243316 hasConceptScore W3123243316C2776988154 @default.
- W3123243316 hasConceptScore W3123243316C30772137 @default.
- W3123243316 hasConceptScore W3123243316C33842695 @default.
- W3123243316 hasConceptScore W3123243316C36289849 @default.
- W3123243316 hasConceptScore W3123243316C38652104 @default.
- W3123243316 hasConceptScore W3123243316C41008148 @default.
- W3123243316 hasConceptScore W3123243316C47768531 @default.
- W3123243316 hasConceptScore W3123243316C52092804 @default.
- W3123243316 hasConceptScore W3123243316C94625758 @default.
- W3123243316 hasConceptScore W3123243316C95713431 @default.
- W3123243316 hasLocation W31232433161 @default.
- W3123243316 hasOpenAccess W3123243316 @default.
- W3123243316 hasPrimaryLocation W31232433161 @default.
- W3123243316 hasRelatedWork W1533828650 @default.
- W3123243316 hasRelatedWork W1537473047 @default.
- W3123243316 hasRelatedWork W1602852260 @default.
- W3123243316 hasRelatedWork W212409772 @default.
- W3123243316 hasRelatedWork W2187710456 @default.
- W3123243316 hasRelatedWork W2252585148 @default.
- W3123243316 hasRelatedWork W2461822610 @default.
- W3123243316 hasRelatedWork W2621768769 @default.
- W3123243316 hasRelatedWork W2675928195 @default.
- W3123243316 hasRelatedWork W2884786588 @default.
- W3123243316 hasRelatedWork W2954492905 @default.
- W3123243316 hasRelatedWork W2971320852 @default.
- W3123243316 hasRelatedWork W3121496436 @default.
- W3123243316 hasRelatedWork W3122294861 @default.
- W3123243316 hasRelatedWork W3122523427 @default.
- W3123243316 hasRelatedWork W3124113583 @default.
- W3123243316 hasRelatedWork W3125932199 @default.
- W3123243316 hasRelatedWork W3140389841 @default.
- W3123243316 hasRelatedWork W1521638634 @default.
- W3123243316 hasRelatedWork W3108828254 @default.
- W3123243316 isParatext "false" @default.
- W3123243316 isRetracted "false" @default.
- W3123243316 magId "3123243316" @default.
- W3123243316 workType "article" @default.