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China's Embrace of Globalization

  • Lee Branstetter
  • Nicholas Lardy
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    As China has become an increasingly important part of the global trading system over the past two decades, interest in the country and its international economic policies has increased among international economists who are not China specialists. This paper represents an attempt to provide the international economics community with a succinct summary of the major steps in the evolution of Chinese policy toward international trade and foreign direct investment and their consequences since the late 1970s. In doing so, we draw upon and update a number of more comprehensive book-length treatments of the subject. It is our hope that this paper will prove to be a useful resource for the growing numbers of international economists who are exploring China-related issues, either in the classroom or in their own research.

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    File URL: http://www.nber.org/papers/w12373.pdf
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    Paper provided by National Bureau of Economic Research, Inc in its series NBER Working Papers with number 12373.

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    Date of creation: Jul 2006
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    Publication status: published as Brandt, Loren and Thomas Rawski (eds.) China’s Economic Transition: Origins, Mechanisms, and Consequences. Cambridge University Press, 2008.
    Handle: RePEc:nbr:nberwo:12373
    Note: ITI
    Contact details of provider: Postal: National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A.
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    Web page: http://www.nber.org
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    1. Alan G. Ahearne & John G. Fernald & Prakash Loungani & John W. Schindler, 2003. "China and emerging Asia: comrades or competitors?," International Finance Discussion Papers 789, Board of Governors of the Federal Reserve System (U.S.).
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    6. Eswar Prasad, 2004. "China's Growth and Integration into the World Economy; Prospects and Challenges," IMF Occasional Papers 232, International Monetary Fund.
    7. Gary Clyde Hufbauer & Daniel H. Rosen, 2000. "American Access to China's Marketplace: The Congressional Vote on PNTR," Policy Briefs PB00-3, Peterson Institute for International Economics.
    8. Loren Brandt & Xiaodong Zhu, 2000. "Redistribution in a Decentralized Economy: Growth and Inflation in China under Reform," Journal of Political Economy, University of Chicago Press, vol. 108(2), pages 422-451, April.
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    12. repec:cup:cbooks:9780521414951 is not listed on IDEAS
    13. Alwyn Young, 2000. "The Razor'S Edge: Distortions And Incremental Reform In The People'S Republic Of China," The Quarterly Journal of Economics, MIT Press, vol. 115(4), pages 1091-1135, November.
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    16. Chong-En Bai & Yingjuan Du & Zhigang Tao & Sarah Y. Tong, 2003. "Local Protectionism and Regional Specialization: Evidence from China’s Industries," William Davidson Institute Working Papers Series 2003-565, William Davidson Institute at the University of Michigan.
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    24. Alwyn Young, 2000. "The Razor's Edge: Distortions and Incremental Reform in the People's Republic of China," NBER Working Papers 7828, National Bureau of Economic Research, Inc.
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