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China's Growing Role in World Trade (Hardcover)
Loot Price: R3,659
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China's Growing Role in World Trade (Hardcover)
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In less than three decades, China has grown from playing a
negligible role in world trade to being one of the world's largest
exporters, a substantial importer of raw materials, intermediate
outputs, and other goods, and both a recipient and source of
foreign investment. Not surprisingly, China's economic dynamism has
generated considerable attention and concern in the United States
and beyond. While some analysts have warned of the potential
pitfalls of China's rise - the loss of jobs, for example - others
have highlighted the benefits of less expensive goods and services
purchased by U.S. consumers along with new market and investment
opportunities for U.S. firms. Bringing together an expert group of
contributors, "China's Growing Role in World Trade" undertakes an
empirical investigation of the effects of China's new status. The
essays collected here provide detailed analyses of the
microstructure of trade, the macroeconomic implications,
sector-level issues, and foreign direct investment. This volume's
careful examination of micro data in light of established economic
theories eliminates a number of misconceptions, overturns some
conventional wisdom, and documents data patterns that enhance our
understanding of issues related to China's trade.
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