Integrating China Into the Global Economy

by Nicholas R. Lardy

Book Overview

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China's accession to the World Trade Organization (WTO) has been hailed as the biggest coming-out party in the history of capitalism. Its membership eventually will contribute to higher standards of living for its citizens and increased growth for its economy. But why would the Chinese communist regime voluntarily agree to comply with the many complex rules of the global trading system since it has already become the world's seventh largest trading...

• Format: Paperback
• Language: English
• ISBN: 0815751354
• ISBN13: 9780815751359
• Release Date: December 2001
• Publisher: Brookings Institution Press
• Length: 244 Pages
• Weight: 0.80 lbs.
• Dimensions: 0.7" x 5.8" x 9.3"

Customer Reviews

A useful guide

China surpassed Japan in 2003 to become America's 3rd largest trade partner, after Canada and Mexico. Indeed, it won't be long - a couple of years at most - before China overtakes Mexico's position. In addition, China is already the world's 4th largest merchandise trader after the US, EU and Japan, and one of the top leading overall (merchandise plus services) trading nations of the world. By the end of this decade, perhaps before then, China will take over Japan's place as the world's 3rd largest overall trader in both merchandise and services - an astonishing performance for a country which practically did zero trade with the rest of the world only 25 years ago.Policy-makers and businesspeople everywhere, and in America especially, need to sit up and listen to the sound, balanced, non-partisan, and cool-headed analysis by one of the world's leading experts on China and its role in the global trading system. And his name is Nicholas Lardy of the Brookings Institution.

How to integrate China into the Global Economy ?

Globalization is the hot topic and major concerns for every government and enterprises in 2002.How China can integrate into the Global ecomony ? And How Hong Kong can still alive when facing the competition with China in 2003?Mr. Zhu Rongji (Prime Minister of China) has spoken to all elite people and officials when trip to Hong Kong in November, 2002.Hong Kong is facing the highest un-empolyment percentage in 2002 and it is over 8% of the total population now.How to make Hong Kong can be rapid changing in the next decade? There are no industrial development as before due the higher costs than other provinces in China. So China will give them more pressure when getting the orders from Oversea's markets.Reckon you can see the speeches of " Zhu Rongji " in his last trip to Hong Kong. China and Hong Kong are the Business Partners since 1983.But now they are the competitor in every business development.So how Hong Kong can stay alive when facing the Global economy?Hong Kong can only run their own way and don't let China copy their old ways.Although it is not easy to go the new way, it is their own choice.Don't think too late and must run from this minute.E-commerce and E-business development is the only way to go and reckon it can work more faster than China's doer.Hong Kong should be forgotten your doer's way and think to re-enginnering in your business structures and models.Hard work is the old fashion for Hong Kong now.New Fashion is the new ideas and new models when stepping into the E-business.Hope Hong Kong's government can bring up all the elite people to come across the crisis of economy and deflation in the next decade.