The economic emergence of the world's most populous nation is having a big impact on everyone else. Tony Venables and Linda Yueh analyse which countries, industries and workers are likely to benefit and which may lose out from the continuing challenge of the China effect.

The emergence of China since 1979 has been a hallmark in the global economy, not only in the past but also in this century. This comprehensive book provides an analytical view of the remarkable economic development of the most exciting economy in the world.

Summary China has experienced remarkable economic growth for three decades despite having a weak legal system and under-developed financial markets thought to be crucial for economic development. An assessment of the relationship among the legal and financial systems and economic growth reveals...

Summary This paper investigates the traits of self-employed entrepreneurs in urban China, an economy rife with informational and institutional imperfections, under-developed financial markets, but a growing and important non-state sector. Despite this challenging context, this paper finds that...

Social capital is considered to play an economic role in labour markets. It may be particularly pertinent in one that is in transition from an administered to a market-oriented system. One factor that may determine success in the underdeveloped Chinese labour market is thus "guanxi", the Chinese...

Although the state in China is no longer all encompassing as it had been during the pre-1979 centrally planned period, it still reaches into numerous areas of the economy, notably through its continuing ownership of state-owned enterprises. As a result, China poses a paradox in that it has...

The re-balancing of the Chinese economy requires the linking of internal and external sector reforms. The shift toward greater domestic demand necessitates a series of measures, including the adjustment of interest rates and the exchange rate. A more balanced Chinese economy would generate more...

Using an original data set including measures of social networks of migrants in China, we find that social networks increase the elasticities of labour supplies for migrant workers. The effects differ for men and women and can help explain part of the importance of developing social networks to...