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Impacts Of Chinas Economic Structural Changes On The Korean Economy
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Book Synopsis The Rise of China and Structural Changes in Korea and Asia by : Takatoshi Ito
Download or read book The Rise of China and Structural Changes in Korea and Asia written by Takatoshi Ito and published by Edward Elgar Publishing. This book was released on 2010-01-01 with total page 353 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book brings together studies conducted by researchers in East Asian countries who seek to better understand the impact of China s rise and the consequent policy challenges. The expert contributors illustrate that the rise of China and its integration with the rest of the world is one of the most important developments in the global economy. Over the past thirty years or so, China s economy has grown at nearly ten percent per annum with the expansion of the modern, export-oriented industrial sector, to become the third largest economy in the world and the second largest in trade. This book reviews the economic growth of East Asian countries since the 1990s and the various impacts that the rise of China has had on these countries. In particular, it addresses policy challenges faced in coping with the rise of China and maintaining economic growth. This timely book will strongly appeal to academics and researchers focusing on East Asia and China as well as those interested in international trade, development and economic growth.
Book Synopsis Impacts of China's Economic Structural Changes on the Korean Economy by : Kyu-Chul Jung
Download or read book Impacts of China's Economic Structural Changes on the Korean Economy written by Kyu-Chul Jung and published by . This book was released on 2016 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Impact of Chinese Economic Structural Changes on Korea's Exports to China by : Kotbee Shin
Download or read book The Impact of Chinese Economic Structural Changes on Korea's Exports to China written by Kotbee Shin and published by . This book was released on 2017 with total page 43 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the structural changes of the Chinese economy and how they have affected Korea's exports to China. Focusing on the evolution of China's role in the global value chain, we estimate the impact of China's external demand and domestic demand. We also shed light on the effect of compositional changes in China's GDP on Korea's exports to China. The results of the VAR analysis suggest that external demand had a significant impact on Korea's exports to China prior to 2008, while Chinese domestic demand became more important afterwards. Moreover, Chinese investment is the most important factor in determining Korea's exports to China, and Chinese private consumption has recently been gaining relevance.
Book Synopsis The Impact of Chinese Economic Structural Changes on Korea's Exports to China by : Kotbee Shin
Download or read book The Impact of Chinese Economic Structural Changes on Korea's Exports to China written by Kotbee Shin and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Impact of Chinese Economic structural Changes on Korea's Export to China(KIEP Working Paper 16-0 by : Shin Kotbee
Download or read book The Impact of Chinese Economic structural Changes on Korea's Export to China(KIEP Working Paper 16-0 written by Shin Kotbee and published by . This book was released on 2016-08-10 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis China's Economic Growth: Towards Sustainable Economic Development and Social Justice by : John Joshua
Download or read book China's Economic Growth: Towards Sustainable Economic Development and Social Justice written by John Joshua and published by Springer. This book was released on 2016-12-02 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: This two-volume book addresses the economic transformation occurring in China at present. The author investigates China's domestic and international policies, the impact of these policies on economic growth, and their effect on the quality of life for the people of China. In the first volume, the author distinguishes between economic growth and sustainable economic development, and discusses China's current and past economic policies towards growth. Chapters also explore the structural transformation of China's economy and its increasingly consumer-oriented nature. The second volume looks more specifically at the result of domestic policies on the quality of life for people living in China. The author examines the distribution of income, the alleviation of poverty, the Chinese education system, and the environmental cost of economic growth. These volumes will be of particular interest to researchers and scholars concerned with China's emerging economic power.
Author :Justin Yifu Lin Publisher :The Chinese University of Hong Kong Press ISBN 13 :9882378781 Total Pages :432 pages Book Rating :4.8/5 (823 download)
Book Synopsis The China Miracle by : Justin Yifu Lin
Download or read book The China Miracle written by Justin Yifu Lin and published by The Chinese University of Hong Kong Press. This book was released on 2004-03-15 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: The tremendous success of China's economic reform, in contrast with the vast difficulties encountered by the former Soviet Union and Eastern European countries in their transition, has attracted worldwide attention. Using a historical, comparative and analytic approach grounded in mainstream economics, the authors develop a consistent and rational framework of state-owned enterprises and individual agents to analyze the internal logic of the traditional planning system. They also explain why the Chinese economy grew slowly before the market-oriented reform in 1979 but became one of the fastest growing economies afterwards, and why the vigour/chaos cycle became part of China's reform process. The book also addresses to the questions that whether China can continue its trend of reform and development and become the largest economy in the world in the early 21st century, and what the general implications of China's experience of development and reform are for other developing and transition economies. The first edition has been well-received and is the standard textbook or reference for students and researchers of China studies. In this thoroughly revised edition, the authors have updated the data and information in the book and include a new chapter on the impact of China's WTO accession on its economic reforms and causes of the current deflation.
Book Synopsis The Time-Varying Impact of China's Economic Re-Balancing on Korea's Exports to China by : Hyunju Kang
Download or read book The Time-Varying Impact of China's Economic Re-Balancing on Korea's Exports to China written by Hyunju Kang and published by . This book was released on 2018 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: While China seeks to shift from exports to consumption-oriented economy and increase the self-sufficiency rate of exports, this study uses time-varying parameter vector autoregression (TVP-VAR) to examine the impact of economic structural changes in China on Korea's exports to China over time. The result suggests that the impact of China's export shocks on Korea's exports has weakened, which demonstrates the slow-down in regional production fragmentation, considering that the Korea's export goods are mainly intermediate goods. Instead, the influence of China's domestic demand shock on Korea's exports has expanded, which implies that China has become increasingly the final destination of intermediate goods made in Korea.
Book Synopsis Structural Changes in Korea-China Trade and Policy Implications by : Dongsoo Kim
Download or read book Structural Changes in Korea-China Trade and Policy Implications written by Dongsoo Kim and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Korea and China established formal relations 30 years ago. Vibrant bilateral trade has significantly contributed to the economic growth of both nations. However, a remarkable turning point has occurred recently: Bilateral trade seemed to balance out due to China's lockdown policy and Korea's stronger corporate competitiveness, but Korea has posted a trade deficit with China since last year for all goods except semiconductors. Such a deficit could signal the beginning of structural change, though the figure over the last four months might be a temporary phenomenon.Over the last 30 years, high-tech industries have played an increasingly important role in bilateral trade in both exports and imports. In exports, semiconductors, petrochemicals, and displays have leading positions but in imports, Korean manufacturing is highly dependent on China, which is expanding into other industries. That means Korea is increasingly reliant on components or raw materials from China, leading to greater risk factors.To effectively respond to the short-term deficit and mid- to long-term structural changes in trade with China, Korea must diversify its import partners, even if doing so is likely to incur high costs in the short term. In the mid-term, the country should develop overseas resources and change its strategic approach to the global market, which should be framed as economic blocs, rather than as a single entity. Over the long term, Korea must strengthen its industrial competitiveness and foster high-tech human resources to secure key technologies to maintain its comparative advantage over China.For the first time in its modern trade with China, Korea recorded a trade deficit for four consecutive months, representing reversal major reversal of roles: Korea had in the past recorded enormous trade surpluses in the tens of billions of USD. Thus looking at the trade deficit with China provides an opportunity to consider changes in the bilateral trade balance, the reasons for these changes, and potential responses to them.
Book Synopsis 중국의 경제구조 변화와 한국의 기회(상)(Structural Changes of the Chinese Economy and New Opportunities for Korea(Vol.1)). by : Kyungsoo Choi
Download or read book 중국의 경제구조 변화와 한국의 기회(상)(Structural Changes of the Chinese Economy and New Opportunities for Korea(Vol.1)). written by Kyungsoo Choi and published by . This book was released on 2016 with total page 644 pages. Available in PDF, EPUB and Kindle. Book excerpt: English Abstract: Since the reestablishment of diplomatic relations between Korea and China in 1992, the two economies have become increasingly interdependent and mutually beneficial. The robust growth of the Chinese economy was a major force behind Korea's successful recovery from two major economic shocks within a decade -- the Asian Foreign Exchange Crisis in 1997 and the Global Financial Crisis in 2008. Nevertheless, as Chinese firms aggressively grapple for Korea's export market shares and diminish profit margins, China starts to be reckoned as a threat for Korea. Further, its recent slump has been deemed as risk factor for Korea. The rapid cooling off has already exerted some adverse effects on the Korean economy. So, what is the current state of the Chinese economy and how much has the economic relationship between the two countries changed? How should we view the hardships of Korea's industries incited by the massive expansion of China's shipbuilding, steel, and chemical industries? What are the real causes for the demise of Korean industry? Why is the Chinese economy experiencing a simultaneous collision of overinvestment, instability and slow growth? Will China's renewed efforts for structural reform, exemplified by the 'New Normal' and 'Chinese Manufacture 2025,' be successful and if so, what are the implications for the Korean economy? How should the trade relationship between Korea and China change in the future? What strategy should Korea employ if it is to benefit from China's transition from manufacturing to services and from an export-driven to a domestic demand led growth? This report will try to answer these questions, albeit possibly imperfectly.
Book Synopsis 중국의 경제구조 변화와 한국의 기회(하)(Structural Changes of the Chinese Economy and New Opportunities for Korea (Vol.2)). by : Kyungsoo Choi
Download or read book 중국의 경제구조 변화와 한국의 기회(하)(Structural Changes of the Chinese Economy and New Opportunities for Korea (Vol.2)). written by Kyungsoo Choi and published by . This book was released on 2016 with total page 416 pages. Available in PDF, EPUB and Kindle. Book excerpt: English Abstract: Since the reestablishment of diplomatic relations between Korea and China in 1992, the two economies have become increasingly interdependent and mutually beneficial. The robust growth of the Chinese economy was a major force behind Korea's successful recovery from two major economic shocks within a decade -- the Asian Foreign Exchange Crisis in 1997 and the Global Financial Crisis in 2008. Nevertheless, as Chinese firms aggressively grapple for Korea's export market shares and diminish profit margins, China starts to be reckoned as a threat for Korea. Further, its recent slump has been deemed as risk factor for Korea. The rapid cooling off has already exerted some adverse effects on the Korean economy. So, what is the current state of the Chinese economy and how much has the economic relationship between the two countries changed? How should we view the hardships of Korea's industries incited by the massive expansion of China's shipbuilding, steel, and chemical industries? What are the real causes for the demise of Korean industry? Why is the Chinese economy experiencing a simultaneous collision of over-investment, instability and slow growth? Will China's renewed efforts for structural reform, exemplified by the 'New Normal' and 'Chinese Manufacture 2025,' be successful and if so, what are the implications for the Korean economy? How should the trade relationship between Korea and China change in the future? What strategy should Korea employ if it is to benefit from China's transition from manufacturing to services and from an export-driven to a domestic demand led growth? This report will try to answer these questions, albeit possibly imperfectly.
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 Comparison of Korean and Chinese Economic Development by : Tu-wŏn Yi
Download or read book Comparison of Korean and Chinese Economic Development written by Tu-wŏn Yi and published by 연세대학교출판부. This book was released on 1999 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis IMPLICATIONS OF GLOBAL RECESSION AND SRUCTURAL CHANGES FOR KOREAN ECONOMY(Policy Analysis 16-02) by : Minsoo Han
Download or read book IMPLICATIONS OF GLOBAL RECESSION AND SRUCTURAL CHANGES FOR KOREAN ECONOMY(Policy Analysis 16-02) written by Minsoo Han and published by . This book was released on 2016-11-30 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Slowdown in Korean Exports to China by : Hyunsoo Shin
Download or read book The Slowdown in Korean Exports to China written by Hyunsoo Shin and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Korea's exports to China have explosively increased in the 2000s, recording annual average growth rates of 20.3% by 2010. These are outstanding results when compared to the 8.6% average annual growth in Korea's overall exports to the rest of the world. Korea's ability to achieve the 1 trillion dollar mark in trade last year has also been attributed to the significant increase in trade with China.However, an unusual trend began to emerge since 2011 in Korea's exports to China. The increasing rate in exports to China has been lower than that in overall exports, and has even shown signs of decreasing in 2012. The prolonged economic instability in the advanced countries occasioned by the financial crisis in the Euro zone has started to impact the heretofore skyrocketing exports to China. The slowdown in China's exports brought on by the stagnation of the global economy has started to gradually impact a Korea that utilizes China as its processing trade base.If the recent slowdown in exports to China can be attributed to the slowdown in the Chinese economy and China's exports, then Korea's exports to China can be expected to recover along with the global economy. However, it will be difficult to expect the kind of explosive increase in exports to China witnessed in the past if this situation is in fact the result of changes in China's economic structure and policy, or of problems in terms of the trade structure between Korea and China. The status of China as Korea's largest export market makes it necessary to conduct a review of the causes of the slowdown in Korean exports to the Mainland.
Author :Gungwu Wang Publisher :World Scientific Publishing Company Incorporated ISBN 13 :9812708022 Total Pages :265 pages Book Rating :4.8/5 (127 download)
Book Synopsis Interpreting China's Development by : Gungwu Wang
Download or read book Interpreting China's Development written by Gungwu Wang and published by World Scientific Publishing Company Incorporated. This book was released on 2007 with total page 265 pages. Available in PDF, EPUB and Kindle. Book excerpt: In Interpreting China's Development, leading experts on China provide an overview of this growing superpower, highlighting key issues in the country's political, economic and social development. Underpinned by up-to-date scholarly research yet written in a readable and concise style, this volume of over 40 short chapters offers a very accessible way to understanding the major events and dominant issues that had emerged in China over the last few decades. The essays are grouped under four thematic sections - challenges of governance, growth and structural changes coping with rising social problems and relations with major powers and neighboring - covering salient topics such as the emerging mode of leadership succession, sustainability of China's high growth, widening inequalities, environmental crisis and the external impact of China's rise. Non-specialists in particular, should find this volume useful in keeping up with China's fast changing developments. Book jacket.
Book Synopsis How Severe Will the Growth Slowdown in China Caused by the Structural Change Be? - An Evaluation Based on Experiences from Japan and South Korea by : Michael Murach
Download or read book How Severe Will the Growth Slowdown in China Caused by the Structural Change Be? - An Evaluation Based on Experiences from Japan and South Korea written by Michael Murach and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
