Ross, J. (2012, February 5). Deng Xiaoping and John Maynard Keynes. Retrieved April 26, 2014, from Key Trends in Globalisation: http://ablog.typepad.com/keytrendsinglobalisation/2012/02/deng-xiaoping-and-john-maynard-keynes-1.html Trescott, P. B. (1996).
This essay will argue that poor financial system can promote speedy economic growth in China that differs from common findings in the empirical literature. This essay is organized as follows. Firstly, it will briefly introduce the Chinese financial system and its problem followed by examining the possible reasons of rapid growth. Finally, it will analyze the relationship of the Chinese financial system and economy through using AK model. China’s financial system involves two segments roughly, banking sector and stock market respectively.
11 (3), pp.46 Lin, Z. (2013). VAT replacing business tax: A major tax reform in china. International Tax Journal, 39(2), 17-22,43-44 Wolfers, L., & Ng, C. (2013). VAT reform in China: impact on construction and real estate.
The recovery of China also contributes to the spring back of regional and global economy. After the global economic crisis, China has reduced the distance with America in economy, most importantly; China has built a “powerful” image in the world. Thus this image brings one standpoint that China is becoming another super power in the world; America cannot dictate the whole world any more. Based on this view, the global power structure is emerging “a G2 structure: China and US” (Stelzer 2009). This paper is aiming to analyze this G2 assumption.
Additionally, these recruiting practices may also prove to be an indicator that gauges the extent to which the Chinese-side business development has caught up to developed world standards set by the most economically dominant nations. Driving forces in the MNC-local party relationship As China has entered into the reform era and taken up the path to marketization and opening its economy, relationships ha... ... middle of paper ... ...d. Works Cited Farrell, Diana, and Andrew J. Grant. "China's Looming Talent Shortage." International Management in China; (2005).
Current account and Capital account are the two major component of Balance of Payment. According to standard growth theories, a persistent current account surplus should result in appreciation of country’s exchange rate (Corden, 2009). This has not been the case with the Chinese currency hence attracting heavy criticisms. Without a doubt, maintaining a large current account surplus has been one of the ways utilized by the Chinese authorities to undervalue its currency. The argument is, if the currency was allowed to float without direct man... ... middle of paper ... ...ount Surplus, and the Global Imbalances.
(2008). FDI in China: What We Know and What We Need to Study Next. Academy of Management Perspectives, 22 (4), 30-45. Mankiw, N. G. (2012). Principles of Macroeconomics.
8. Casualty Actuary Society (CAS) (2003) ‘An overview of enterprise risk management’, Working paper, CAS, Arlington, VA. 9. Icksoo, K. (2009), “Inward and Outward Internationalization of Chinese Firms”, SERI Quarterly, 2(3), pp. 22–30 10. McIver, R. (2009), “China’s national banking system: commercialisation and financial stability”, Int.
This assignment focuses on the impacts of foreign direct investment (FDI) in China. Inasmuch as this assignment will explore factors that make China an attractive FDI destination; it will also examine positive as well as negative impacts of FDI on the Chinese economy. Inclusive in this assignment will be an evaluation of positive and negative impacts of FDI on the economy of China, coupled with a discussion on corporate social responsibility (CSR). UNCTAD (2003) defines FDI as … an investment involving a long-term relationship and reflecting a lasting interest and control by a resident entity in one economy ([the] foreign direct investor or parent enterprise) in an enterprise resident in an economy other than that of the foreign direct investor... (UNCTAD 2003: 231). While the above definition reflects on what FDI is; the justification for choosing to explore FDI in China is drawn from multiple studies that also explored FDI in China.
Due to its low rate of saving, the United States takes from outside sources to finance the federal budget deficit. It solely depends on countries with high savings rates, such as China, to push some of their money and goods in the United States. “U.S. Treasury securities, which are used to finance the federal budget deficit, constitutes the largest category of U.S. securities held by China. As of June 2013, these totaled $1.28 trillion.”(Fas.gov 2013) United States policymakers have shown concern that China’s large amounts of U.S. money could spark a danger to the economy, in particular if China tried to deprive itself of larger shares of its interests.