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China, Asia, and the New World Economy

Editor

Listed:
  • Eichengreen, Barry
    (George C. Pardee and Helen N. Pardee Professor of Economics and Political Science University of California, Berkeley)

  • Park, Yung Chul
    (Research Professor, Graduate School of International Studies, Seoul National University)

  • Wyplosz, Charles
    (Professor, Graduate Institute of International Studies, Geneva)

Abstract

The rise of Asia, and China specifically, is the single most important force reshaping the world economy at the beginning of the 21st century. From a low of 20 per cent in 1950, Asia's share of global GDP has now risen to 33 per cent and will exceed 40 per cent within a generation if current forecasts are realized. Asia's growing weight in the world economy is elevating it to a central position in global economic and financial affairs. The potential global impact of this astonishing growth is far reaching, from oil markets and the environment to a reshaping of trade relations in the current multilateral system dominated by the WTO. This collection of original essays written by leading economists explores the likely impact of the rapid growth in the East Asian economies, and in particular China, on the world economy in the coming decades and the consequent challenges for the development of trade, macroeconomic, and environmental policy. Contributors to this volume - Richard E. Baldwin, Graduate Institute of International Studies Akkharaphol Chabchitchaidol, Bank of Thailand Inkyo Cheong, Inha University Richard N. Cooper, Harvard University Charles Y. Horioka, Osaka University David Huang, Academica Sinica, Taipeh Cedric Dupont, Graduate Institute of International Studies Barry Eichengreen, University of California, Berkeley Soyoung Kim, Korea University Elvira Kurmanalieva, National Graduate Institute for Policy Studies, Tokyo Robert Z. Lawrence, Harvard University Jong-Wha Lee, Korea University Li-Gang Liu, Hong Kong Monetary Authority Guonan Ma, Bank for International Settlements Robert N. McCauley, Bank for International Settlements Warwick J. McKibbin, Australian National University Sakkapop Panyanukul, Bank of Thailand Yung Chul Park, Seoul National University Eswar Prasad, International Monetary Fund Kwanho Shin, Korea University Junmin Wan, Osaka University Shang-Jin Wei, International Monetary Fund Charles Wyplosz, Graduate Institute of International Studies, Geneva Yu Yondgding, Chinese Academy of Social Sciences

Suggested Citation

  • Eichengreen, Barry & Park, Yung Chul & Wyplosz, Charles (ed.), 2008. "China, Asia, and the New World Economy," OUP Catalogue, Oxford University Press, number 9780199235896, Decembrie.
  • Handle: RePEc:oxp:obooks:9780199235896
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    Citations

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    Cited by:

    1. Jacopo Timini, 2018. "Currency unions and heterogeneous trade effects: the case of the Latin Monetary Union [Bilateral treaties and the most-favored-nation clause: the myth of trade liberalization in the nineteenth cent," European Review of Economic History, Oxford University Press, vol. 22(3), pages 322-348.
    2. Wei Jin, 2012. "Can Technological Innovation Help China Take on Its Climate Responsibility? A Computable General Equilibrium Analysis," CAMA Working Papers 2012-51, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
    3. Cunado, Juncal & Jo, Soojin & Perez de Gracia, Fernando, 2015. "Macroeconomic impacts of oil price shocks in Asian economies," Energy Policy, Elsevier, vol. 86(C), pages 867-879.
    4. Zhen Zhu & Federica Cerina & Alessandro Chessa & Guido Caldarelli & Massimo Riccaboni, 2014. "The Rise of China in the International Trade Network: A Community Core Detection Approach," PLOS ONE, Public Library of Science, vol. 9(8), pages 1-8, August.
    5. Nilufer Ozdemir, 2012. "Emerging Market Countries’ Access to International Financial Markets," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 18(2), pages 215-226, May.
    6. Ahmed, Khalid & Bhutto, Niaz Ahmed & Kalhoro, Muhammad Ramzan, 2019. "Decomposing the links between oil price shocks and macroeconomic indicators: Evidence from SAARC region," Resources Policy, Elsevier, vol. 61(C), pages 423-432.
    7. Muhammad Arshad Khan & Muhammad Iftikhar Ul Husnain & Qaisar Abbas & Syed Zulfiqar Ali Shah, 2019. "Asymmetric effects of oil price shocks on Asian economies: a nonlinear analysis," Empirical Economics, Springer, vol. 57(4), pages 1319-1350, October.
    8. Hernandez, Ariel, 2021. "SDG-aligned futures and the governance of the transformation to sustainability reconsidering governance perspectives on the futures we aspire to," IDOS Discussion Papers 30/2021, German Institute of Development and Sustainability (IDOS).
    9. Juncal Cunado & Soojin Jo & Fernando Perez de Gracia, 2015. "Revisiting the Macroeconomic Impact of Oil Shocks in Asian Economies," Staff Working Papers 15-23, Bank of Canada.

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