China's rapid and sustained growth over last thirty years has
propelled it to become the world's second largest economy today and
potentially the largest in the foreseeable future. As one of the
first major economies pulling out of recession and the last
remaining major socialist country in the world today, China
presents a challenge to established thinking on the essential
primacy of global capitalism and the settled nature of the world
system - as China becomes more integrated into the world economy
and the international system, both are themselves potentially
transformed as a result of China s involvement. This book explores
a wide range of issues connected with the impact of China on the
global economy and the prevailing international system. Subjects
covered include China s multinationals, international acquisitions,
the exchange rate, research and development and technology
transfer, China s emerging major business groupings, and small and
medium sized enterprises."
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