Table of contents for Library of Congress control number 2005481513

Table of contents for China in a globalizing world.

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CHINA'S SPECTACULAR GROWTH SINCE THE MID-1990S -
MACROECONOMIC CONDITIONS AND ECONOMIC POLICY CHANGES
Heiner Flassbeck, in collaboration with Sebastian Dullien and
Michael Geiger
A bstract ............................. ......................................................................................... 1
Introduction .................................................................................... . . .........
I. China's Growth Performance in Perspective .......................................... 4
I. 1 Exports and the external balance ................................................ 4
1.2 Domestic developments: investment and consumption .............. 8
1.3 Price and exchange-rate developments ........................................ 11
II. China's Successful Heterodox Policy Mix ................................................. 14
II.1 The exchange-rate regime and its influence on
exports and capital accumulation ................................................ 15
11.2 The role of the wage regime .......................... ............................. 19
11.3 Complementary macroeconomic management ........................... 31
III. The R ole of FD I .................................................................................. 35
IV . Policy Conclusions ........................................ .......................... ............. 37
References ........................................ 41
Figure
1 GDP Per Capita Growth, Initial + 10 Years ......................................... 7
2 Export Performances in China, Japan and the Republic of Korea ........ 7
3 Developments of Imports in China, Japan
and the Republic of Korea .................................................................. 8
4 Investments in China, Japan and the Republic of Korea ....................... 9
5 Consumption Growth in China, Japan and the Republic of Korea ....... 10
6 Wage Increase and Productivity Growth
in Chinese M anufacturing .................................................................... 10
7 Inflation and Nominal Exchange Rate, 1987-2002 .............................. 12
8 Different Measures for China's
Real Effective Exchange Rate .................................................. 13

Library of Congress subject headings for this publication: Globalization, International economic integration, China Economic conditions 2000-China Economic policy 2000-China Foreign relations 21st century, Mondialisation, Intégration économique internationale, Chine Conditions économiques 2000-Chine Politique économique 2000-Chine Relations extérieures 21e siècle