Trade, capital flows and external balance: is China unique in two hundred years of globalisation?
AbstractThis study examines China's growth patterns through its exports, foreign capital inflows, balance of payments and terms of trade, and projects them into a comparative framework. It brings together, for the first time, various sources of historical data from the first globalisation era, relating to four of the most industrialised economies - the UK, the US, Germany and Japan. By comparison, it finds that China's trade expansion has no doubt exceeded that of any of the industrialised economies in the first globalisation era; however, this trade boom is a characteristic of post-war globalisation. Large capital inflows, surplus in both current and capital accounts, and the negative correlation between terms of trade and exports are not unique Chinese phenomena in the history of globalisation. However, China's trade liberalisation, industrialisation policy, FDI strategy and cautious foreign exchange policy have all contributed to the exploitation of the positive effects of globalisation.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Journal of Chinese Economic and Business Studies.
Volume (Year): 8 (2010)
Issue (Month): 1 ()
Contact details of provider:
Web page: http://www.tandfonline.com/RCEA20
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Terheggen, Anne, 2010. "The new kid in the forest: the impact of China's resource demand on Gabon's tropical timber value chain," MPRA Paper 37982, University Library of Munich, Germany.
- Asongu, Simplice A & Aminkeng, Gilbert A. A, 2013.
"The Economic Consequences of China-Africa Relations: Debunking Myths in the Debate,"
48468, University Library of Munich, Germany.
- Simplice A. Asongu & Gilbert A.A. Aminkeng, 2013. "The economic consequences of China--Africa relations: debunking myths in the debate," Journal of Chinese Economic and Business Studies, Taylor & Francis Journals, vol. 11(4), pages 261-277, November.
- Asongu Simplice & Aminkeng Gilbert, 2013. "The Economic Consequences of China-Africa Relations: Debunking Myths in the Debate," Working Papers 13/020, African Governance and Development Institute..
- Fischer, A.M., 2010. "Is China turning Latin? China’s balancing act between power and dependence on the wave of global imbalances," ISS Working Papers - General Series 496, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.