In less than three decades, China has emerged as the world's
largest exporting nation with more than $2 trillion exports
annually. China's quick rise as a leading exporter in the world is
an unprecedented miracle. There are many theories explaining this
miracle. This book adopts the global value chain (GVC) approach to
analyze the Chinese export miracle over the last four decades. It
focuses on the tasks rather than the gross export value and
emphasizes the organizations of modern trade rather than the
national comparative advantage. The GVC approach systematically
explains how, in less than four decades China has evolved from a
closed economy to the world's No. 1 exporting nation; why China, a
developing country, has exported more high-technology products than
labor-intensive products to the US; and why almost half of the US
trade deficit has originated from China.The book identifies three
spillover effects of GVCs that originated from brands, technology
and product innovation, and distribution and retail networks of
GVCs lead firms. It argues that China's deep integration with GVCs
has been a decisive factor for China's emergence as the world's
No.1 exporting nation and the champion of high-technology exports.
In addition, this book uses iPhone trade and the operation of
Apple, the largest factory-less American manufacturer, to explain
how current trade statistics exaggerate China's exports to and its
trade surplus with the US on the one hand, and underestimate US
exports on the other hand.By using the experience of the Chinese
mobile phone industry, the book argues that the GVC strategy can be
a short-cut for developing countries to achieve industrialization
and enable firms of developing countries to enter high-technology
sectors despite their intrinsic disadvantages. At this end, the
book also discusses the future trajectory of China-centered GVCs
under the shadow of the US-China trade war and the COVID-19
pandemic.
General
| Imprint: |
World Scientific Publishing Co Pte Ltd
|
| Country of origin: |
Singapore |
| Release date: |
March 2021 |
| First published: |
2021 |
| Authors: |
Yuqing Xing
|
| Dimensions: |
236 x 157 x 20mm (L x W x T) |
| Format: |
Hardcover
|
| Pages: |
216 |
| ISBN-13: |
978-981-12-2962-6 |
| Categories: |
Books
Promotions
|
| LSN: |
981-12-2962-7 |
| Barcode: |
9789811229626 |
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