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This paper sets out the political economy behind Asian governments' participation in a revived Bretton Woods System. The overriding problem for these governments is to rapidly integrate a large pool of underemployed labor into the industrial sector. The principal constraints are inefficient...
Persistent link: https://www.econbiz.de/10013103790
The Global Financial Crisis and the recent slowdown of China's growth have led to questions about the sustainability of … China's growth. The argument is that, China is too dependent on external demand and that it needs to “rebalance” its economy … estimate of the vulnerability of China's economy to external shocks, in the form of exports and FDI. Our estimates show that in …
Persistent link: https://www.econbiz.de/10013081192
This paper presents assesses of the contribution of inward FDI to China%u2019s recent rapid economic growth using a two … Chinese economy. These enterprises account for over 50% of China%u2019s exports and 60% of China%u2019s imports. Their share … decomposition results indicate that China%u2019s FIEs may have contributed over 40% of China%u2019s economic growth in 2003 and 2004 …
Persistent link: https://www.econbiz.de/10012761556
data and macroeconomic covariates, we find positive association of Chinese trade and financial flows with China's outward … strengthened by the provision of RMB swap-line agreements with China's trading partners. The evidences support the conjecture that …
Persistent link: https://www.econbiz.de/10013024505
This paper presents assesses of the contribution of inward FDI to China's recent rapid economic growth using a two … Chinese economy. These enterprises account for over 50% of China's exports and 60% of China's imports. Their share in Chinese … results indicate that China's FIEs may have contributed over 40% of China's economic growth in 2003 and 2004, and without this …
Persistent link: https://www.econbiz.de/10012466419
This paper sets out the political economy behind Asian governments' participation in a revived Bretton Woods System. The overriding problem for these governments is to rapidly integrate a large pool of underemployed labor into the industrial sector. The principal constraints are inefficient...
Persistent link: https://www.econbiz.de/10012468066
Persistent link: https://www.econbiz.de/10011985681