China And The Global Economy In The 21st Century

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China and the Global Economy in the 21st Century

Author : John Saee
Publisher : Routledge
ISBN 13 : 1136654917
Total Pages : 241 pages
Book Rating : 4.1/5 (366 download)

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Book Synopsis China and the Global Economy in the 21st Century by : John Saee

Download or read book China and the Global Economy in the 21st Century written by John Saee and published by Routledge. This book was released on 2012-06-12 with total page 241 pages. Available in PDF, EPUB and Kindle. Book excerpt: As China continues to ride out the global economic crisis while still retaining year on year GDP growth it is increasingly important to understand how this 'new' economic giant, with its communist-capitalist model operates its economic and business environments. This book is designed to scientifically examine the contextual variables that foster sustainably dynamic economic growth in China. In particular, the contributors provide an incisive analysis of the contextual bases underlying such a dramatic rising economic power and the immense implications for enterprises and countries involved in dealing with China. Drawing on the latest studies and cutting edge research findings, this book analyses FDI, project management, internationalisation, the continued role of state-owned enterprises and doing business in China. As such it will be essential reading for all students of Chinese business and economics, as well as businesses seeking to develop a critical understanding of the driving global economic force which is China.

Handbook of Research on the Empirical Aspects of Strategic Trade Negotiations and Management

Author : Crespo, Nuno
Publisher : IGI Global
ISBN 13 : 1799875695
Total Pages : 446 pages
Book Rating : 4.7/5 (998 download)

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Book Synopsis Handbook of Research on the Empirical Aspects of Strategic Trade Negotiations and Management by : Crespo, Nuno

Download or read book Handbook of Research on the Empirical Aspects of Strategic Trade Negotiations and Management written by Crespo, Nuno and published by IGI Global. This book was released on 2021-06-18 with total page 446 pages. Available in PDF, EPUB and Kindle. Book excerpt: International trade is a key dimension of the world economy, it is a critical factor in raising living standards, increasing employment, and providing a larger variety of goods to consumers around the world. Despite the strong focus that international trade research has received in theoretical terms, the empirical aspects of trade are less clear and justify further research. In this context, it is essential for studies to focus on shedding light on the most important methods used to evaluate the multiple dimensions of trade within this international context. Trade has a myriad of direct and indirect effects, therefore touching several fields of research, including economics, management, finance, international relations, political science, and sociology, which makes it essential to explore. The Handbook of Research on the Empirical Aspects of Strategic Trade Negotiations and Management provides a systematic overview of the latest trends in the empirical analysis of trade from international perspectives. It provides a survey on the methods used to evaluate a specific topic in international trade, enhance knowledge about the multiple facets of international trade around the world, and grant in-depth surveys of previous empirical findings on specific topics in international trade. Important topics covered within this book include trade diversification, regional centrality, ethical pricing, globalization, cultural impacts, and open economies. This book is a valuable reference tool for government officials, policy makers, managers, executives, economists, practitioners, stakeholders, researchers, academicians, and students.

The Chinese Century

Author : Oded Shenkar
Publisher : Pearson Education
ISBN 13 : 0132716143
Total Pages : 294 pages
Book Rating : 4.1/5 (327 download)

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Book Synopsis The Chinese Century by : Oded Shenkar

Download or read book The Chinese Century written by Oded Shenkar and published by Pearson Education. This book was released on 2006-01-31 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt: By 2015, China may well have the world's largest economy. In The Chinese Century, Oded Shenkar shows how China is restoring its imperial glory by infusing modern technology and market economics into a non-democratic system controlled by the Communist party and bureaucracy. Shenkar shows why China's quest for global success differs radically from predecessors such as Japan, India, and Mexico... why it represents a fundamental restructuring of the global business system... and why it will transform the roles of participants in the global economy. He previews tomorrow's new competitive ground rules, terms of employment, and consumption patterns, and shows how Chinese ascendancy is redrawing political, economic, and social battle lines. Learn why the U.S. is most vulnerable to China's ascent... how China's disregard for intellectual property creates sustainable competitive advantage... how China's growth impacts global businesses and individual purchasing decisions. Above all, Shenkar shows what you must do to survive and prosper in "The Chinese Century."

China Versus the West

Author : Ivan Tselichtchev
Publisher : John Wiley & Sons
ISBN 13 : 0470829753
Total Pages : 213 pages
Book Rating : 4.4/5 (78 download)

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Book Synopsis China Versus the West by : Ivan Tselichtchev

Download or read book China Versus the West written by Ivan Tselichtchev and published by John Wiley & Sons. This book was released on 2011-12-27 with total page 213 pages. Available in PDF, EPUB and Kindle. Book excerpt: China Versus the West is an innovative book. The author, a leading specialist on the international and Asian economy and business, presents the most comprehensive picture of the changing power balance between the emerging superpower China and the "old" developed economies of the West: mainly the US, Europe and Japan. The reader can clearly see in what areas and to what extent China has become the world leader, in what areas it is catching up and in what areas the West retains its superiority and has a chance to strengthen it further. At the same time, I. Tselichtchev unveils a breath-taking story of the global economy and business in the brave new world which is non-"West-led" and where major growth dynamics are coming from large emerging economies. A radically changing economic environment requires new government policies and business strategies. The book contains many valuable suggestions and ideas. Using his own analytical framework, the author presents a set of options and alternatives for Western businesses in the wake of China's production and export offensive. The book provides a uniquely sharp and thought-provoking analysis of the factors behind the global crisis of 2008-2009, largely different from what we see in other publications, and examines its implications for the global power balance. I. Tselichtchev vividly shows that it was not global, but Western crisis of a structural character which drastically changed the China-West power balance in the former's favor. He provides strong arguments showing that today's China is structurally and macro-economically stronger than most countries of the West. This leads him to rethinking the very essence of the Chinese model of capitalism and to its new definition. He expresses unconventional, sometimes controversial, but well-founded views about China's problems and weaknesses and the prospects for its political evolution. The book ends with invaluable insights into China's unique role in the world economic history, the essence of the non-"West-led" multipolar world and the positions of its major players. Arguing that from now on no single country will be ever able to "rule the world", it shows new opportunities dynamic China is opening for the West. Thoroughly analyzing and discussing a wide range of the key, often complicated issues which are now in the focus of the world's attention, the book remains very reader-friendly. It is written in the form of an unconstrained dialogue with the reader, containing a lot of the author's on-the-spot impressions, interesting facts, remarks and quotations. China Versus the West is a must reading for everyone who wants to know more about the global developments, China and the West, and also, perhaps, to get valuable inputs and hints to find his or her own place in today's new world. It is highly recommended for policy-makers, business people, academics, analysts and journalists. It is a valuable source for professors and students of the universities and business schools.

Rising China

Author : Jane Golley
Publisher : ANU E Press
ISBN 13 : 1921862297
Total Pages : 362 pages
Book Rating : 4.9/5 (218 download)

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Book Synopsis Rising China by : Jane Golley

Download or read book Rising China written by Jane Golley and published by ANU E Press. This book was released on 2011-06-01 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: Where the last three decades of the 20th century witnessed a China rising on to the global economic stage, the first three decades of the 21st century are almost certain to bring with them the completion of that rise, not only in economic, but also political and geopolitical terms. China's integration into the global economy has brought one-fifth of the global population into the world trading system, which has increased global market potential and integration to an unprecedented level. The increased scale and depth of international specialisation propelled by an enlarged world market has offered new opportunities to boost world production, trade and consumption; with the potential for increasing the welfare of all the countries involved. However, China's integration into the global economy has forced a worldwide reallocation of economic activities. This has increased various kinds of friction in China's trading and political relations with others, as well as generating several globally significant externalities. Finding ways to accommodate China's rise in a way that ensures the future stability and prosperity of the world economy and polity is probably the most important task facing the world community in the first half of the 21st century. The book delves into these issues to reflect upon the wide range of opportunities and challenges that have emerged in the context of a rising China.

China and the Knowledge Economy

Author : Carl J. Dahlman
Publisher : World Bank Publications
ISBN 13 : 9780821350058
Total Pages : 208 pages
Book Rating : 4.3/5 (5 download)

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Book Synopsis China and the Knowledge Economy by : Carl J. Dahlman

Download or read book China and the Knowledge Economy written by Carl J. Dahlman and published by World Bank Publications. This book was released on 2001 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: Annotation Argues that, in order to address the growing economic, social, and political pressures of the 21st Century, China will have to build solid foundations for a knowledge-based economy by updating the economic and institutional regime, upgrading education and learning, and building information infrastructure.

The Chinese Century: The Rising Chinese Economy And Its Impact On The Global Economy, The Balance Of Power, And Your Job

Author : Shenkar
Publisher :
ISBN 13 : 9788129708069
Total Pages : pages
Book Rating : 4.7/5 (8 download)

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Book Synopsis The Chinese Century: The Rising Chinese Economy And Its Impact On The Global Economy, The Balance Of Power, And Your Job by : Shenkar

Download or read book The Chinese Century: The Rising Chinese Economy And Its Impact On The Global Economy, The Balance Of Power, And Your Job written by Shenkar and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: China, The 21St Century'S New #1 Economic Superpower? What It Will Mean To You. By 2015, China May Well Have The World'S Largest Economy. That Will Powerfully Impact You: Your Job, Your Company, Your Economic Future, And Your Country. In The Chinese Century, Oded Shenkar Shows How China Is Restoring Its Imperial Glory By Infusing Modern Technology And Market Economics Into A Non-Democratic System Controlled By The Communist Party And Bureaucracy. Shenkar Shows Why China'S Quest For Global Success Differs Radically From Predecessors Such As Japan, India, And Mexico... Why It Represents A Fundamental Restructuring Of The Global Business System... And Why It Will Transform The Roles Of Participants In The Global Economy. He Previews Tomorrow'S New Competitive Ground Rules, Terms Of Employment, And Consumption Patterns, And Shows How Chinese Ascendancy Is Redrawing Political, Economic, And Social Battle Lines. You'Ll Learn Why The U.S. Is Most Vulnerable To China'S Ascent... How China'S Disregard For Intellectual Property Creates Sustainable Competitive Advantage... How China'S Growth Impacts Global Businesses And Individual Purchasing Decisions. Above All, Shenkar Shows What You Must Do To Survive And Prosper In The Chinese Century.

China and the Global Economy Since 1840

Author : L. Aiguo
Publisher : Springer
ISBN 13 : 1349624403
Total Pages : 229 pages
Book Rating : 4.3/5 (496 download)

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Book Synopsis China and the Global Economy Since 1840 by : L. Aiguo

Download or read book China and the Global Economy Since 1840 written by L. Aiguo and published by Springer. This book was released on 2016-04-30 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a study of the long-run evolution of the relationship between China and the world economy. The book presents an original interpretation of the country's socio-economic processes in the past 150 years, focusing on China's interaction with the expanding capitalist world economy. The author argues that the general thrust of China's quest for development or 'modernization' has been to catch up with the wealthy nations of the West, and goes on to explain the changing paths and outcomes. The book proceeds chronologically from China's mid-nineteenth-century incorporation to the world economy, starting from a semi-colonial state to the Maoist state-led industrialization after 1949, and to the post-Mao liberalization and reintegration. By carefully examining the patterns of development in these three major periods of the nation's history, it addresses fundamental issues pertaining to the making of modern China. This rigorously argued book will be a timely and much debated contribution, as the `rise of China' in the twenty-first century has become an issue of our time.

China's Global Engagement

Author : Jacques deLisle
Publisher : Brookings Institution Press
ISBN 13 : 0815729707
Total Pages : 449 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis China's Global Engagement by : Jacques deLisle

Download or read book China's Global Engagement written by Jacques deLisle and published by Brookings Institution Press. This book was released on 2017-05-30 with total page 449 pages. Available in PDF, EPUB and Kindle. Book excerpt: " Assessing China's rapidly changing role on the international stage China is again undergoing a period of significant transition. Internally, China's leaders are addressing challenges to the economy and other domestic issues after three decades of dramatic growth and reforms. President Xi Jinping and other leaders also are refashioning foreign policy to better fit what they see as China's place in the world. This has included a more proactive approach to trade and related international economic affairs, a more vigorous approach to security matters, and a more focused engagement on international cultural and educational affairs. In this volume, China specialists from around the world explore key issues raised by a changing China’s interaction with a changing world. They chronicle China’s emergence as a more capable actor whose engagement is reshaping international affairs in many dimensions. These include: global currency and trading systems; patterns of cooperation and competition in technological innovation; economic and political trends in the developing world; the American-led security order in the Asia-Pacific region; the practice of international military and humanitarian intervention; the use of naval power; the role of international law in persistent territorial and maritime disputes in the East and South China Seas; the international human rights regime; the circulation of Chinese talent trained abroad; a more globalized film industry; and programs to reshape global cultural awareness about China through educational initiatives. Across these diverse areas, China’s capacity—and desire—to influence events and outcomes have risen markedly. The results so far are mixed, and the future trajectory remains uncertain. But across the wide range of issues addressed in this book, China has become a major and likely an enduring participant. "

China and the Transformation of Global Capitalism

Author : Ho-fung Hung
Publisher : JHU Press
ISBN 13 : 0801893089
Total Pages : 223 pages
Book Rating : 4.8/5 (18 download)

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Book Synopsis China and the Transformation of Global Capitalism by : Ho-fung Hung

Download or read book China and the Transformation of Global Capitalism written by Ho-fung Hung and published by JHU Press. This book was released on 2009-09-15 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume explains China's economic rise and liberalization and assesses how this growth is reshaping the structure and dynamics of global capitalism in the twenty-first century. China has historically been the center of Asian trade, economic, and financial networks, and its global influence continues to expand in the twenty-first century. In exploring the causes for and effects of China's re surging power, this volume takes a broad, long-term view that reaches well beyond economics for answers. Contributors explore the vast web of complex issues raised by China's ascendancy. The first three chapters discuss the global and historical origins of China's shift to a market economy and that transformation's impact on the international market system. Subsequent essays explore the ability of large Chinese manufacturers to counter the might of transnational retailers, the effect of China's rise on world income distribution and labor, and the consequences of a stronger China for its two most powerful neighbors, Russia and Japan. The concluding chapter questions whether China's growth is sustainable and if it will ultimately shift the center of global capitalism from the West to the East.

The Economy of China

Author : Linda Y. Yueh
Publisher : Edward Elgar Publishing
ISBN 13 : 1849805652
Total Pages : 263 pages
Book Rating : 4.8/5 (498 download)

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Book Synopsis The Economy of China by : Linda Y. Yueh

Download or read book The Economy of China written by Linda Y. Yueh and published by Edward Elgar Publishing. This book was released on 2010-01-01 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'The book is a very good snapshot introduction to China and could potentially be used as a supplementary text for undergraduates in their studies on the Chinese economy or Chinese studies.' Herb Thompson, Journal of Contemporary Asia 'By examining the institutional reforms used to make the transition, Yueh provides a comprehensive and exceptionally insightful analysis of economic change in what has become the world's second biggest economy. . . Highly recommended.' C.A. Haulman, Choice 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. China's impressive economic growth has propelled it from being one of the poorest countries in the world to becoming its second largest economy. It is a complex economy with a mix of characteristics resulting from being both a transition economy and a developing country, which also points to the challenges that it still faces. This book explains China's remarkable transformation from a centrally planned to a more market-oriented economy through examination of the institutional reforms necessary to support such marketisation and eventual global integration. Although no book will be able to be completely comprehensive given the scale of the economy and the remarkable pace of transformation over three decades, this study highlights the key areas giving an overview of the major developments in China's economy, enabling its prospects of continuing growth to be assessed. With topical discussion incorporating recent data and developments, this book will be a stimulating read for academic researchers, postgraduate students in economics, international business, Chinese and area studies, as well as anyone interested in understanding the Chinese economy.

Will China emerge as a global economic and political power in the 21st century?

Author : Daniel Döring
Publisher : GRIN Verlag
ISBN 13 : 3638868222
Total Pages : 16 pages
Book Rating : 4.6/5 (388 download)

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Book Synopsis Will China emerge as a global economic and political power in the 21st century? by : Daniel Döring

Download or read book Will China emerge as a global economic and political power in the 21st century? written by Daniel Döring and published by GRIN Verlag. This book was released on 2007-11-29 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt: Research Paper (undergraduate) from the year 2006 in the subject Politics - Topic: Globalization, Political Economics, grade: 1,6, The University of Sydney, course: International Politics of Asia, language: English, abstract: China has become more interesting for investors and other global powers as it is developing very fast economically and politically. China has also become internationally very active in recent years, which certainly has attracted attention around the world. But we have to consider that China is still a developing country which is not willing to adapt in all areas of international reforms. Rising global powers, in this case China, have always trigged dramatic side effects or serious changes in the power structure of the world. Certainly imperial ambitions, aggressive expansion and striving for power are known to be the reasons for many wars, hence destruction and chaos. The world will have to cope with big challenges because of Chinas need for new recourses, power and recognition. China already goes international unacceptable ways according to Western powers as it cooperates with countries like Iran. In some ways a confrontation seems to be inevitable, as states like the USA want to keep their hegemonial position in the world as long they got the power on their side. On the other side China’s military chairman Hu Jintao guarantees a peaceful rise from which not only the own countries will profit, also the international world around. To answer the question I will focus on Chinas current status, and how political and economical actions will favour or hinder the rise to a global power. Also I will focus on how US interaction may hinder the rise as they see a threat in China. What will happen if the sleeping dragon awakes economically and politically?

Building the 21st Century

Author : National Research Council
Publisher : National Academies Press
ISBN 13 : 0309216699
Total Pages : 217 pages
Book Rating : 4.3/5 (92 download)

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Book Synopsis Building the 21st Century by : National Research Council

Download or read book Building the 21st Century written by National Research Council and published by National Academies Press. This book was released on 2011-08-19 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global economy is characterized by increasing locational competition to attract the resources necessary to develop leading-edge technologies as drivers of regional and national growth. One means of facilitating such growth and improving national competitiveness is to improve the operation of the national innovation system. This involves national technology development and innovation programs designed to support research on new technologies, enhance the commercial return on national research, and facilitate the production of globally competitive products. Understanding the policies that other nations are pursuing to become more innovative and to what effect is essential to understanding how the nature and terms of economic competition are shifting. Building the 21st Century U.S.-China Cooperation on Science, Technology, and Innovation studies selected foreign innovation programs and comparing them with major U.S. programs. This analysis of Comparative Innovation Policy includes a review of the goals, concept, structure, operation, funding levels, and evaluation of foreign programs designed to advance the innovation capacity of national economies and enhance their international competitiveness. This analysis focuses on key areas of future growth, such as renewable energy, among others, to generate case-specific recommendations where appropriate.

China, East Asia and the Global Economy

Author : Takeshi Hamashita
Publisher : Routledge
ISBN 13 : 1134040288
Total Pages : 237 pages
Book Rating : 4.1/5 (34 download)

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Book Synopsis China, East Asia and the Global Economy by : Takeshi Hamashita

Download or read book China, East Asia and the Global Economy written by Takeshi Hamashita and published by Routledge. This book was released on 2013-05-13 with total page 237 pages. Available in PDF, EPUB and Kindle. Book excerpt: Takeshi Hamashita, arguably Asia's premier historian of the longue durée, has been instrumental in opening a new field of inquiry in Chinese, East Asian and world historical research. Engaging modernization, Marxist and world system approaches, his wide-ranging redefinition of the evolving relationships between the East Asia regional system and the world economy from the sixteenth century to the present has sent ripples throughout Asian and international scholarship. His research has led him to reconceptualize the position of China first in the context of an East Asian regional order and subsequently within the framework of a wider Euro-American-Asian trade and financial order that was long gestating within, and indeed contributing to the shape of, the world market. This book presents a selection of essays from Takeshi Hamashita's oeuvre on Asian trade to introduce this important historian's work to the English speaking reader. It examines the many critical issues surrounding China and East Asia's incorporation to the world economy, including: Maritime perspectives on China, Asia and the world economy Intra-Asian trade Chinese state finance and the tributary trade system Banking and finance Maritime customs.

The Asian 21st Century

Author : Kishore Mahbubani
Publisher : Springer Nature
ISBN 13 : 9811668116
Total Pages : 250 pages
Book Rating : 4.8/5 (116 download)

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Book Synopsis The Asian 21st Century by : Kishore Mahbubani

Download or read book The Asian 21st Century written by Kishore Mahbubani and published by Springer Nature. This book was released on 2022 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: This open access book consists of essays written by Kishore Mahbubani to explore the challenges and dilemmas faced by the West and Asia in an increasingly interdependent world village and intensifying geopolitical competition. The contents cover four parts: Part One The End of the Era of Western Domination. The major strategic error that the West is now making is to refuse to accept this reality. The West needs to learn how to act strategically in a world where they are no longer the number 1. Part Two The Return of Asia. From the years 1 to 1820, the largest economies in the world were Asian. After 1820 and the rise of the West, however, great Asian civilizations like China and India were dominated and humiliated. The twenty-first century will see the return of Asia to the center of the world stage. Part Three The Peaceful Rise of China. The shift in the balance of power to the East has been most pronounced in the rise of China. While this rise has been peaceful, many in the West have responded with considerable concern over the influence China will have on the world order. Part Four Globalization, Multilateralism and Cooperation. Many of the world's pressing issues, such as COVID-19 and climate change, are global issues and will require global cooperation to deal with. In short, human beings now live in a global village. States must work with each other, and we need a world order that enables and facilitates cooperation in our global village.

Global China

Author : Tarun Chhabra
Publisher : Brookings Institution Press
ISBN 13 : 0815739176
Total Pages : 430 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis Global China by : Tarun Chhabra

Download or read book Global China written by Tarun Chhabra and published by Brookings Institution Press. This book was released on 2021-06-22 with total page 430 pages. Available in PDF, EPUB and Kindle. Book excerpt: The global implications of China's rise as a global actor In 2005, a senior official in the George W. Bush administration expressed the hope that China would emerge as a “responsible stakeholder” on the world stage. A dozen years later, the Trump administration dramatically shifted course, instead calling China a “strategic competitor” whose actions routinely threaten U.S. interests. Both assessments reflected an underlying truth: China is no longer just a “rising” power. It has emerged as a truly global actor, both economically and militarily. Every day its actions affect nearly every region and every major issue, from climate change to trade, from conflict in troubled lands to competition over rules that will govern the uses of emerging technologies. To better address the implications of China's new status, both for American policy and for the broader international order, Brookings scholars conducted research over the past two years, culminating in a project: Global China: Assessing China's Growing Role in the World. The project is intended to furnish policy makers and the public with hard facts and deep insights for understanding China's regional and global ambitions. The initiative draws not only on Brookings's deep bench of China and East Asia experts, but also on the tremendous breadth of the institution's security, strategy, regional studies, technological, and economic development experts. Areas of focus include the evolution of China's domestic institutions; great power relations; the emergence of critical technologies; Asian security; China's influence in key regions beyond Asia; and China's impact on global governance and norms. Global China: Assessing China's Growing Role in the World provides the most current, broad-scope, and fact-based assessment of the implications of China's rise for the United States and the rest of the world.

China, Asia, and the New World Economy

Author : Barry Eichengreen
Publisher : OUP Oxford
ISBN 13 : 0191647659
Total Pages : 428 pages
Book Rating : 4.1/5 (916 download)

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Book Synopsis China, Asia, and the New World Economy by : Barry Eichengreen

Download or read book China, Asia, and the New World Economy written by Barry Eichengreen and published by OUP Oxford. This book was released on 2008-02-21 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rise of Asia, and China specifically, is the single most important force reshaping the world economy at the beginning of the 21st century. From a low of 20 per cent in 1950, Asia's share of global GDP has now risen to 33 per cent and will exceed 40 per cent within a generation if current forecasts are realized. Asia's growing weight in the world economy is elevating it to a central position in global economic and financial affairs. The potential global impact of this astonishing growth is far reaching, from oil markets and the environment to a reshaping of trade relations in the current multilateral system dominated by the WTO. This collection of original essays written by leading economists explores the likely impact of the rapid growth in the East Asian economies, and in particular China, on the world economy in the coming decades and the consequent challenges for the development of trade, macroeconomic, and environmental policy.