Found 117 article(s) for author 'China'

China’s Growth Prospects

China’s Growth Prospects. Robert Barro, 2016, Paper. “China’s diminished growth prospects are in the news and seem to spell bad news for just about everybody. This article assesses the evidence, arguing that China¡¯s economic growth will be much slower from now on, reducing international trade. Perhaps the biggest challenge for China will be future political tensions in reconciling economic dreams with economic realities.Link

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The ‘China, Inc.’ Challenge to Global Trade Governance

The ‘China, Inc.’ Challenge to Global Trade Governance. Mark Wu, May 13, 2016, Paper, “In the past decade, the World Trade Organization (WTO) has adjudicated over forty disputes involving China and other powerful economies. These cases are often trumpeted as a sign of the enduring strength of the trade regime and the efficacy of international law in managing geopolitical tensions associated with China’s rise. This Article suggests that this positive assessment obfuscates dangers lurking on the horizon. It explains why the rise of China presents a major challenge to the multilateral trade regime. At the heart of this challenge is the fact that China’s economic structure is sui generis — having evolved in a manner largely unforeseen by those negotiating WTO treaty law.Link

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Silk-Road Type Projects: Lessons From Some Historical Examples

Silk-Road Type Projects: Lessons From Some Historical Examples. Robert Z. Lawrence, 2016, Book Chapter. “China’s Belt and Road Initiative is a project of truly historic proportions. If successful, it has the potential to deliver significant benefits to China and its neighbors. To realize this potential, both China and the recipient nations must overcome numerous institutional challenges. This chapter draws on a variety of historical experiences to explore the nature of these challenges. It does so not to argue that history will repeat itself or to imply that the project replicates the precise conditions of the examples chosen but to reflect on what history tells us about both the potential and pitfalls that have been associated with such endeavors in the past.Link

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Intellectual Property Rights Protection, Ownership, and Innovation: Evidence from China.

Intellectual Property Rights Protection, Ownership, and Innovation: Evidence from China. Josh Lerner, March 1, 2015, Paper, “Using a difference-in-difference approach, we study how intellectual property right (IPR) protection affects innovation in China in the years around the privatizations of state-owned enterprises (SOEs). Innovation increases after SOE privatizations, and this increase is larger in cities with strong IPR protection. Our results support theoretical arguments that IPR protection strengthens firms’ incentives to innovate and that private sector firms are more sensitive to IPR protection than SOEs.Link

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Institutions, Institutional Change and Economic Performance in Emerging Markets

Institutions, Institutional Change and Economic Performance in Emerging Markets. Lakshmi Iyer, 2016, Book. “Emerging markets play an increasingly important role in the global economy, accounting for 31% of global GDP and more than 50% of global foreign direct investment in 2012. However, doing business in emerging markets remains subject to a high degree of “policy risk,” namely the risk that a government will discriminatorily change the laws, regulations, or contracts governing an investment — or will fail to enforce them — in a way that reduces an investor’s financial returns …Link

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The ICT Revolution, World Economic Growth, and Policy Issues

The ICT Revolution, World Economic Growth, and Policy Issues. Dale Jorgenson, February 1, 2016, Paper. “The ICT revolution fueled by the exponential progress of the semiconductor technology and the accelerated pace of globalization has become an important driver of economic growth across nations. In this rapidly changing landscape, the world economy is entering into a New Economic Order, in which developing Asia led by two fast-growing giant economies, China and India, will have much larger impacts on the world economy. This paper provides empirical evidence on these phenomena and highlights policy issues that deem important for a country to seize the ICT revolution for promoting economic growth.Link

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Economic Growth and Convergence, Applied Especially to China

Economic Growth and Convergence, Applied Especially to China. Robert Barro, January 2016, Paper. “From the perspective of conditional convergence, China’s GDP growth rate since 1990 has been surprisingly high. However, China cannot deviate forever from the global historical experience, and the per capita growth rate is likely to fall soon from around 8% per year to a range of 3 4%. China can be viewed as a middle-income convergence-success story, grouped with Costa Rica, Indonesia, Peru, Thailand, and Uruguay. Upper-income convergence successes comprise Chile, Hong Kong, Ireland, Malaysia, Poland, Singapore, South Korea, and Taiwan. China’s transition from middle- to upper-income status should not be hindered by a middle-income trap, which seems not to exist.Link

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China’s Slowdown and the Chinese Stock Market

China’s Slowdown and the Chinese Stock Market. Jeffrey Frankel, January 27, 2016, Opinion. “The Shanghai Stock Exchange Composite Index has dropped substantially in the past few months. China’s growth rate has also slowed. This column argues that the slowdown of the Chinese economy has little to do with the stock exchange, and is mostly due to economic forces. The author recommends a package of policies that need to be implemented to smooth the transition to a sustainable growth rate.Link

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Globalization and Chinese Growth: Ends of Trends?

Globalization and Chinese Growth: Ends of Trends? Jeffrey Frankel, January 26, 2016, Paper. “Two big questions from 20 years ago look somewhat different today. First, would the long-term trend of globalization continue? Contrary to all predictions, trade growth has slowed markedly since the Global Financial Crisis of 2008-09. But the feared increase in protectionism did not materialize, so one must look elsewhere for explanations. Two likely factors behind the slowdown in trade are a maturing of global supply chains and a slowdown in trade-intensive physical investment.Link

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China’s Stock-Market Red Herring

China’s Stock-Market Red Herring. Jeffrey Frankel, January 25, 2016, Opinion. “With the Shanghai Stock Exchange Composite Index down more than 40% since last June, investors worldwide are watching the decline with growing concern – but not because they are invested in the plummeting market (China’s stocks are overwhelmingly held by Chinese). Rather, the fear is that plunging equity prices mean that China’s economy is going down the tubes. But those seeking compelling clues about China’s economic future should look elsewhere.Link

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