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China as a double pole in the world economy and the recentralization of the Asian economy

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  • Carlos Aguiar de Medeiros

Abstract

The extraordinary growth of Chinese trade that occurred in the last years changed China’s role on world and regional economy. As a major producer of industrial consumer goods to OCDE countries, China has negatively affected many Asian competitors but as an expansive market China became the main source of growth to Asian countries. This new dimension was achieved after the Asian crisis of 1997 by an economic expansion led by public investment. After considering the Chinese balance of payment position and its industrial strategy this paper investigates this double dimension of China on trade and its influence on Asian countries. JEL Classification: E60; F14; F23; F31; L50.

Suggested Citation

  • Carlos Aguiar de Medeiros, 2006. "China as a double pole in the world economy and the recentralization of the Asian economy," Brazilian Journal of Political Economy, Center of Political Economy, vol. 26(3), pages 381-400.
    • Handle: RePEc:ekm:repojs:v:26:y:2006:i:3:p:381-400:id:606
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    More about this item

    Keywords

    macroeconomic policy; commercial and investment flows; exchange rate regime; globalization; regionalization;
    All these keywords.

    JEL classification:

    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • F31 - International Economics - - International Finance - - - Foreign Exchange
    • L50 - Industrial Organization - - Regulation and Industrial Policy - - - General

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