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The economic rise of China: threat or opportunity?

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  • Nicholas R. Lardy

Abstract

China's economy is opening up to the outside world. This worries those who fear the huge pool of low-cost labor will drain jobs from U.S. shores, and less expensive goods will spark trade problems. The author points out that China's untapped market presents huge opportunities for U.S. businesses that would surely outweigh any loss of jobs, and also that the sort of jobs that would move to China left the U.S. a long time ago. And with respect to fair trading practices, China has made much progress.

Suggested Citation

  • Nicholas R. Lardy, 2003. "The economic rise of China: threat or opportunity?," Economic Commentary, Federal Reserve Bank of Cleveland, issue Aug.
    • Handle: RePEc:fip:fedcec:y:2003:i:aug1
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    Cited by:

    1. Hickey, Ronan & Osborne, Jenny, 2004. "The Chinese Economy: Emergence and Evolution," Quarterly Bulletin Articles, Central Bank of Ireland, pages 67-91, July.

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    Keywords

    Economic conditions - China; China;

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