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China India And The Future Of The World Economy Fierce Competition Or Shared Growth
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Book Synopsis China, India, and the Future of the World Economy: Fierce Competition Or Shared Growth? by : Betina Dimarianan
Download or read book China, India, and the Future of the World Economy: Fierce Competition Or Shared Growth? written by Betina Dimarianan and published by World Bank Publications. This book was released on 2007 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Abstract: Although both China and India are labor-abundant and dependant on manufactures, their export mixes are very different. Only one product-refined petroleum-appears in the top 25 products for both countries, and services exports are roughly twice as important for India as for China, which is much better integrated into global production networks. Even assuming India also begins to integrate into global production chains and expands exports of manufactures, there seems to be opportunity for rapid growth in both countries. Accelerated growth through efficiency improvements in China and India, especially in their high-tech industries, will intensify competition in global markets leading to contraction of the manufacturing sectors in many countries. Improvement in the range and quality of exports from China and India has the potential to create substantial welfare benefits for the world, and for China and India, and to act as a powerful offset to the terms-of-trade losses otherwise associated with rapid export growth. However, without efforts to keep up with China and India, some countries may see further erosion of their export shares and high-tech manufacturing sectors.
Book Synopsis China, India, and the Future of the World Economy: Fierce Competition Or Shared Growth? by : Betina Dimarianan
Download or read book China, India, and the Future of the World Economy: Fierce Competition Or Shared Growth? written by Betina Dimarianan and published by World Bank Publications. This book was released on 2007 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :Congressional Research Service Publisher :Createspace Independent Publishing Platform ISBN 13 :9781976466953 Total Pages :52 pages Book Rating :4.4/5 (669 download)
Book Synopsis China's Economic Rise by : Congressional Research Service
Download or read book China's Economic Rise written by Congressional Research Service and published by Createspace Independent Publishing Platform. This book was released on 2017-09-17 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prior to the initiation of economic reforms and trade liberalization 36 years ago, China maintained policies that kept the economy very poor, stagnant, centrally-controlled, vastly inefficient, and relatively isolated from the global economy. Since opening up to foreign trade and investment and implementing free market reforms in 1979, China has been among the world's fastest-growing economies, with real annual gross domestic product (GDP) growth averaging nearly 10% through 2016. In recent years, China has emerged as a major global economic power. It is now the world's largest economy (on a purchasing power parity basis), manufacturer, merchandise trader, and holder of foreign exchange reserves.The global economic crisis that began in 2008 greatly affected China's economy. China's exports, imports, and foreign direct investment (FDI) inflows declined, GDP growth slowed, and millions of Chinese workers reportedly lost their jobs. The Chinese government responded by implementing a $586 billion economic stimulus package and loosening monetary policies to increase bank lending. Such policies enabled China to effectively weather the effects of the sharp global fall in demand for Chinese products, but may have contributed to overcapacity in several industries and increased debt by Chinese firms and local government. China's economy has slowed in recent years. Real GDP growth has slowed in each of the past six years, dropping from 10.6% in 2010 to 6.7% in 2016, and is projected to slow to 5.7% by 2022.The Chinese government has attempted to steer the economy to a "new normal" of slower, but more stable and sustainable, economic growth. Yet, concerns have deepened in recent years over the health of the Chinese economy. On August 11, 2015, the Chinese government announced that the daily reference rate of the renminbi (RMB) would become more "market-oriented." Over the next three days, the RMB depreciated against the dollar and led to charges that China's goal was to boost exports to help stimulate the economy (which some suspect is in worse shape than indicated by official Chinese economic statistics). Concerns over the state of the Chinese economy appear to have often contributed to volatility in global stock indexes in recent years.The ability of China to maintain a rapidly growing economy in the long run will likely depend largely on the ability of the Chinese government to implement comprehensive economic reforms that more quickly hasten China's transition to a free market economy; rebalance the Chinese economy by making consumer demand, rather than exporting and fixed investment, the main engine of economic growth; boost productivity and innovation; address growing income disparities; and enhance environmental protection. The Chinese government has acknowledged that its current economic growth model needs to be altered and has announced several initiatives to address various economic challenges. In November 2013, the Communist Party of China held the Third Plenum of its 18th Party Congress, which outlined a number of broad policy reforms to boost competition and economic efficiency. For example, the communique stated that the market would now play a "decisive" role in allocating resources in the economy. At the same time, however, the communique emphasized the continued important role of the state sector in China's economy. In addition, many foreign firms have complained that the business climate in China has worsened in recent years. Thus, it remains unclear how committed the Chinese government is to implementing new comprehensive economic reforms.China's economic rise has significant implications for the United States and hence is of major interest to Congress. This report provides background on China's economic rise; describes its current economic structure; identifies the challenges China faces to maintain economic growth; and discusses the challenges, opportunities, and implications of China's economic rise.
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.
Book Synopsis The Oxford Companion to the Economics of China by : Shenggen Fan
Download or read book The Oxford Companion to the Economics of China written by Shenggen Fan and published by Oxford University Press, USA. This book was released on 2014 with total page 645 pages. Available in PDF, EPUB and Kindle. Book excerpt: 99 entries written by leading China scholars. Topics include: The China Model, Future Prospects, Global Economy, Trade, Macroeconomics and Finance, Urbanization, Industry and Markets, Agriculture, Land, Infrastructure and Environment, Labour, Wellbeing and Inequality, Health and Education, Gender, Regional Divergence, and Provincial studies.
Book Synopsis India and China: Markets - Competitors - Partners by : Moritz Rudolf
Download or read book India and China: Markets - Competitors - Partners written by Moritz Rudolf and published by Diplomica Verlag. This book was released on 2011-02 with total page 107 pages. Available in PDF, EPUB and Kindle. Book excerpt: Academics, students, the media and the public have been increasingly drawn to China and India in recent years. Both countries were considered sleeping giants and are now turning into the motors of global economic growth. China and India are both ancient civilizations with a rich history and were among the largest economic powers until European colonization in the 19th century. After Indian independence in 1947 and the establishment of the Peoples Republic of China in 1949 both countries shared the view that economic development should be achieved through a self-sustaining economy led and controlled by the government. In the following decades the share of Chinese and Indian global trade decreased significantly. Economic reform in China and India in 1978 and 1991 respectively resulted in an increasing integration into global markets and triggered large economic growth. It is very important to note that although China and India are both rising at the same point of time, they are rising in a different pace. China outperforms India in almost every indicator of economic development. It is the key aim of this study to point out this asymmetry between China and India. Another question is, if India is capable of catching up with China in the future and its effects to Sino-Indian relations. Die Rolle von China und Indien in der Welt hat sich in den letzten Jahren sehr stark gewandelt. Aus Bittstellern wurden Gläubiger und Motoren für das globale Wirtschaftswachstum. Dieses Buch setzt sich mit den ökonomischen Asymmetrien die zwischen Indien und China existieren auseinander. Ein historischer Überblick über die mehr als 2000 Jahre zurückreichenden ökonomischen Beziehungen ist der Ausgangspunkt der Studie. Beide Volkswirtschaften werden anhand von ökonomischen Indikatoren wie Wirtschaftswachstum, Reduzierung von Armut, Integration in internationale Märkte, demographischer Wandel, institutionelle Herausforderungen usw. miteinander verglichen. In einem zweiten Schritt werden die bilateralen Handelsbeziehungen zwischen Indien und China genau analysiert. Mit Hilfe einfacher ökonomischer Methodik werden Gebiete für Kooperation und Konflikte herausgearbeitet und die gegenseitige Wahrnehmung als Handelspartner analysiert. In einem dritten Schritt werden China und Indien im globalen Handel betrachtet. Hierfür wird die Bedeutung von China und Indien als Import- und Exportpartner für die Welt beschrieben und die am häufigsten gehandelten Produkte systematisch aufgelistet. Dabei lässt sich erkennen in welchen geographischen Gebieten und bei welchen Gütern indisch-chinesische Kooperationen oder Konflikte zu erwarten sind. Eine dynamische Analyse untersucht, ob Indien seinen Rückstand auf China aufholen kann und liefert eine Prognose für zukünftige sino-indische Wirtschaftsbeziehungen.
Book Synopsis China's Growth and Integration Into the World Economy by : Eswar Prasad
Download or read book China's Growth and Integration Into the World Economy written by Eswar Prasad and published by International Monetary Fund. This book was released on 2004-06-17 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s transformation into a dynamic private-sector-led economy and its integration into the world economy have been among the most dramatic global economic developments of recent decades. This paper provides an overview of some of the key aspects of recent developments in China’s macroeconomy and economic structure. It also surveys the main policy challenges that will need to be addressed for China to maintain sustained high growth and continued global integration.
Book Synopsis China - Neighboring Asian Countries Relations by : Li Xiangyang
Download or read book China - Neighboring Asian Countries Relations written by Li Xiangyang and published by Paths International Ltd. This book was released on 2013-03-01 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: China has a myriad and diverse range of neighbours who are significant in their own right but are also of global importance. Asia accounts for 25% of global GDP.This book evaluates the potential for both co-operation and conflict within the Asian region Border problems and historical problems are still plaguing countries in the region and are affecting the relations between them. China and India have not yet resolved their land frontier issues. Furthermore, China has maritime disputes with Japan, South Korea, Vietnam, and the Philippines. The historical issues among China, Japan, and South Korea make the cooperation between them lack a basis of political mutual trust. Therefore, although there are close trade contacts among these countries, China, Japan, and South Korea have not reached any FTA. In South Asia, because of long-term India-Pakistan conflicts, South Asia's Association for Regional Cooperation (SAARC) has been useless and is unable to effectively promote regional economic cooperation, which is a factor in pushing India to develop towards the East. These unstable factors have not only hindered the formation of long-term institutional arrangements on economic and trade cooperation within the region, but have also caused various unexpected events to disrupt existing cooperation. Throughout this book economic data and analysis is provided which gives an insight into the trade and financial links that bind this region together. Written by experts in China it gives a fascinating view of China's approach to its neighbours. China is assuming a more important role on the world stage but it is important to not forget the key role it plays in its own neighbourhood.
Book Synopsis Globalization, India and the World by : Pramoda Kumāra Agravāla
Download or read book Globalization, India and the World written by Pramoda Kumāra Agravāla and published by Concept Publishing Company. This book was released on 2011 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis China, India, and the Future of the World Economy by : Betina Dimaranan
Download or read book China, India, and the Future of the World Economy written by Betina Dimaranan and published by . This book was released on 2016 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although both China and India are labor-abundant and dependant on manufactures, their export mixes are very different. Only one product-refined petroleum-appears in the top 25 products for both countries, and services exports are roughly twice as important for India as for China, which is much better integrated into global production networks. Even assuming India also begins to integrate into global production chains and expands exports of manufactures, there seems to be opportunity for rapid growth in both countries. Accelerated growth through efficiency improvements in China and India, especially in their high-tech industries, will intensify competition in global markets leading to contraction of the manufacturing sectors in many countries. Improvement in the range and quality of exports from China and India has the potential to create substantial welfare benefits for the world, and for China and India, and to act as a powerful offset to the terms-of-trade losses otherwise associated with rapid export growth. However, without efforts to keep up with China and India, some countries may see further erosion of their export shares and high-tech manufacturing sectors.
Book Synopsis The China-India Rivalry in the Globalization Era by : T.V. Paul
Download or read book The China-India Rivalry in the Globalization Era written by T.V. Paul and published by Georgetown University Press. This book was released on 2018-09-03 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the aspirations of the two rising Asian powers collide, the China-India rivalry is likely to shape twenty-first-century international politics in the region and far beyond. This volume by T.V. Paul and an international group of leading scholars examines whether the rivalry between the two countries that began in the 1950s will intensify or dissipate in the twenty-first century. The China-India relationship is important to analyze because past experience has shown that when two rising great powers share a border, the relationship is volatile and potentially dangerous. India and China’s relationship faces a number of challenges, including multiple border disputes that periodically flare up, division over the status of Tibet and the Dalai Lama, the strategic challenge to India posed by China's close relationship with Pakistan, the Chinese navy's greater presence in the Indian Ocean, and the two states’ competition for natural resources. Despite these irritants, however, both countries agree on issues such as global financial reforms and climate change and have much to gain from increasing trade and investment, so there are reasons for optimism as well as pessimism. The contributors to this volume answer the following questions: What explains the peculiar contours of this rivalry? What influence does accelerated globalization, especially increased trade and investment, have on this rivalry? What impact do US-China competition and China’s expanding navy have on this rivalry? Under what conditions will it escalate or end? The China-India Rivalry in the Globalization Era will be of great interest to students, scholars, and policymakers concerned with Indian and Chinese foreign policy and Asian security.
Book Synopsis Emerging Giants by : Barry Eichengreen
Download or read book Emerging Giants written by Barry Eichengreen and published by OUP Oxford. This book was released on 2010-04-29 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt: China and India are the two most populous countries in the world and now also two of the fastest growing. By sheer virtue of the fact that China and India are home to 2.4 billion people - two-fifths of the world's population - the rapid growth of their economies has far-reaching implications not just for global living standards and poverty reduction but also for competitiveness and distribution of income in the rest of the world. Commensurate with their economic progress, there has been a surge of interest in the nature and implications of China and India's economic growth. There are several apparent similarities in the development process of China and India: both are home to ancient civilizations that have bequeathed distinctive attitudes, institutions, and traditions. Both have very large populations. Both have performed well economically for more than two decades. However there are important differences that can be seen beneath the surface. China started the current reform process in 1978 - that is, almost fifteen years before India. The two countries have very different political systems. Their development models differ fundamentally as well. China has opened up much more than India to foreign trade and foreign direct investment, while India has a better developed banking system. Growth in the two countries has been driven by different sectors - Chinese growth by manufacturing and Indian growth by services. This volume brings together some of the best research on issues related to the growth experience of China and India and places these issues in a comparative perspective. It contains papers written by some of the leading academic and experts in the world on issues ranging from the roles of China and India in the world economy, contrasts in their development experience, and challenges to sustaining growth.
Book Synopsis Does the Elephant Dance? by : David M. Malone
Download or read book Does the Elephant Dance? written by David M. Malone and published by OUP Oxford. This book was released on 2011-04-07 with total page 450 pages. Available in PDF, EPUB and Kindle. Book excerpt: India today looms large globally, where it hardly loomed at all twenty years ago. It is likely to be a key global actor throughout the twenty-first century and could well emerge soon as one of the top five global powers. Does the Elephant Dance? seeks to survey the main features of Indian foreign policy. It identifies elements of Indian history relevant to the topic; examines the role therein of domestic politics and internal and external security challenges, and of domestic and international economic factors; and in successive chapters delves into the specifics of India's policy within its South Asian neighbourhood, and with respect to China, the USA, West Asia (the Middle East), East Asia, Europe and Russia, and multilateral diplomacy. It also touches on Indian ties to Africa and Latin America and the Caribbean. India's "soft power", the role of migration in its policy, and other cross-cutting issues are analyzed, as is the role and approach of several categories of foreign policy actors in India. Substantive conclusions close out the volume, and touch, inter alia, on the absence of an organizing framework for Indian foreign policy.
Book Synopsis Subprime Nation by : Herman M. Schwartz
Download or read book Subprime Nation written by Herman M. Schwartz and published by Cornell University Press. This book was released on 2011-01-15 with total page 277 pages. Available in PDF, EPUB and Kindle. Book excerpt: In his exceedingly timely and innovative look at the ramifications of the collapse of the U.S. housing market, Herman M. Schwartz makes the case that worldwide, U.S. growth and power over the last twenty years has depended in large part on domestic housing markets. Mortgage-based securities attracted a cascade of overseas capital into the U.S. economy. High levels of private home ownership, particularly in the United States and the United Kingdom, have helped pull in a disproportionately large share of world capital flows.As events since mid-2008 have made clear, mortgage lenders became ever more eager to extend housing loans, for the more mortgage packages they securitized, the higher their profits. As a result, they were dangerously inventive in creating new mortgage products, notably adjustable-rate and subprime mortgages, to attract new, mainly first-time, buyers into the housing market. However, mortgage-based instruments work only when confidence in the mortgage system is maintained. Regulatory failures in the American S&L sector, the accounting crisis that led to the extinction of Arthur Andersen, and the subprime crisis that destroyed Lehman Brothers and Merrill Lynch and damaged many other big financial institutions have jeopardized a significant engine of economic growth. Schwartz concentrates on the impact of U.S. regulatory failure on the international economy. He argues that the "local" problem of the housing crisis carries substantial and ongoing risks for U.S. economic health, the continuing primacy of the U.S. dollar in international financial circles, and U.S. hegemony in the world system.
Book Synopsis Economic and Environmental Impact of Free Trade in East and South East Asia by : Kakali Mukhopadhyay
Download or read book Economic and Environmental Impact of Free Trade in East and South East Asia written by Kakali Mukhopadhyay and published by Springer Science & Business Media. This book was released on 2009-12-18 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, the East and South East Asian region has witnessed a rapid expansion of regional economic cooperation through bilateral and plurilateral free trade agreements. The current book attempts to comprehensively analyze the economic and environmental impacts of regional economic integration in East and South East Asia to the year 2020. This region has some of the fastest growing economies of the world. A global economic model was used to undertake the analysis. A rare feature of the book is the detailed environmental implications of the Regional Trade Agreements focusing on air, water, and waste pollution. Economic integration among the East and South East Asian region has been an important agenda item for the academic and policy communities in recent years. The study provides insight into pursuing a concrete multilateral trade liberalization policy (combining ASEAN and other countries in East Asia) and throws more light on the on-going trade and environment debate. This book will be a good addition to the field of trade and the environment. The academic community – primarily researchers and policy makers, and world bodies, such as the WTO, ADB and the World Bank, will benefit from the book.
Book Synopsis India as an Organization: Volume Two by : Dipak Basu
Download or read book India as an Organization: Volume Two written by Dipak Basu and published by Springer. This book was released on 2017-10-03 with total page 189 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book, the second of two volumes, continues the authors’ ground-breaking re-examination of India’s history and political economy. This volume describes the economic fortunes of India in the second half of the 20th century. Beginning with the reconstruction of the Planning Commission and India's hybrid model of economic planning, the authors describe the multiple shocks weathered by the system before being replaced with a fully free market model after the collapse of the Soviet Union. Chapters consider the stresses placed on India’s organisation by the shocks of the twentieth century, from its experiments with a socialist economy to its embrace of the Washington consensus in the 1980s. The impact of the invasion of China in 1962 and India’s struggle to find its feet post-partition are also given detailed analysis. The book’s unique perspective helps to shed light, for the first time, on how India’s organisational structure negotiated the country’s immense historical and cultural inheritance with the stresses of a twentieth century nation state.
Book Synopsis Global Trends 2040 by : National Intelligence Council
Download or read book Global Trends 2040 written by National Intelligence Council and published by Cosimo Reports. This book was released on 2021-03 with total page 158 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.
