This book presents a comprehensive analysis of current trends of
trade and economic growth in Asia, assessing how they are likely to
develop in the future. It examines the evolving patterns of Asian
economic development with the emergence of China, including since
China's accession to the World Trade Organisation (WTO) in 2001. It
is written by experts specialising in economic growth and regional
and global trade/investment issues, alongside country specialists
who have examined the development path of Asian economies. It
discusses the significance of a export-oriented growth strategy on
the Asian region, and the likely patterns of intra-regional
specialisation given China's rise. The book examines the degree to
which the remarkable growth of China is likely to affect other
Asian countries in terms of global market share, and growth
prospects. The book explores how the rise of intra-industry trade
is affecting patterns of specialisation in the region, and
appraises the role of multinational corporations and foreign direct
investment. Informed by the latest empirical economic thinking,
this book is a rigorous examination of the influence of an emerging
economic superpower, and the future for economic growth in Asia.
Readers interested in the implications of the rise of China, the
effect on the economic development path of the most successful
developing nations of our time and the lessons to be heeded from
China's integration with the global economy will find this a
thorough yet accessible account of the influence of an emerging
economic superpower.
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