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Achieving Inclusive Growth in China Through Vertical Specialization (Hardcover)
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Achieving Inclusive Growth in China Through Vertical Specialization (Hardcover)
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Total price: R2,478
Discovery Miles: 24 780
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Vertical Specialization and Inclusive Growth in China discusses the
two interrelated developments that have transformed the Chinese
economy in recent years. First, the global community has increased
calls to foster inclusive economic growth, with China embracing
this trend. Second, the explosive growth in China's trade resulting
from international vertical specialization production and trade
networks which has complicated the notion of inclusive growth in
the Chinese context. This book assesses these two trends
quantitatively, giving evidence of the link between vertical
specialization and inclusive growth, and then decomposing the
inclusive growth effects of vertically specialized trade into six
components: GDP growth, export growth, FDI, environment,
employment, and innovation. It further explores the differing
impact of conventional trade and processing trade on inclusive
growth, providing direction for future policy. This second book by
the author to consider vertical specialization stresses the
importance of integration in driving inclusive growth.
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