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