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 The world and China’s place in it have been transformed over the past year. The pressures for change have come from the most severe global financial crisis ever. The crisis has accelerated China’s emergence as a great power. But China and its global partners have yet to think or work through the consequences of its new position for the governance of world affairs.
China’s New Place in a World in Crisis discusses and provides in-depth analysis of the following questions. How have China’s growth prospects been affected by the global crisis? How will the crisis and China’s response to it impact China’s major domestic issues, such as industrialisation, urbanisation and the reform of the state-owned sector of the economy? How will the crisis and the international community’s response to it affect the rapidly emerging new international order? What will be China’s, and other major developing countries’, new role? Can China and the world find a way of breaking the nexus between economic growth and environmental sustainability — especially on the issue of climate change?
China and its economic prospects have also changed, but not so much as China’s place in a changing world. The global financial crisis has accelerated China’s emergence as a great power, in advance of China or its global partners thinking and working through the consequences for managing the implications for the governance of world affairs.
The China Update 2009 brings an international group of authorities together to examine how China's increasing significance effects macroeconomic adjustments amid the current global recession, economic and financial integration, and issues of the environment and climate change.
Visit China’s New Place in a World in Crisis: Economic, Geopolitical and Environmental Dimensions download Page
You can download China’s New Place in a World in Crisis: Economic, Geopolitical and Environmental Dimensions in PDF format.
Ross Garnaut, Ligang Song and Wing Thye Woo (eds)
Published by ANU E Press
The Australian National University
Canberra ACT 0200, Australia
CONTENTS
Part I China’s New Place in World Economy and Politics
1. China’s place in a world in crisis . . . . . . . . . . . . . . . . . . . 1
Ross Garnaut
2. China and international fi nancial reform . . . . . . . . . . . . . 15
Wing Thye Woo
3. From an effi cient to a viable international fi nancial market . . 33
Chen Ping
4. China’s increasing external wealth . . . . . . . . . . . . . . . . . 59
Guonan Ma and Haiwen Zhou
5. The geo-strategic implications of China’s growth . . . . . . . 89
Hugh White
Part II Macroeconomic Adjustments Amid Global Recession
6. China’s exchange rate policy, its current account
surplus, and the global imbalances . . . . . . . . . . . . . . . . 103
W. Max Corden
7. Macroeconomic performance amid global crisis . . . . . . . 121
Yiping Huang, Ken Peng and Minggao Shen
8. Economic crisis, Keynesianism and structural
imbalance in China . . . . . . . . . . . . . . . . . . . . . . . . . . 137
Xiaolu Wang and Fan Gang
9. State-owned enterprises in China: reform dynamics
and impacts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 155
Xiao Geng, Xiuke Yang and Anna Janus
10. Economic transition and labour market integration
in China . 179
Prema-chandra Athukorala, Kyoji Fukao and Tangjun Yuan
11. Flying geese within borders: how does China sustain
its labour-intensive industries?. 209
Cai Fang, Dewen Wang and Qu Yue
12. Impact of economic slowdown on migrant workers . 233
Sherry Tao Kong, Xin Meng and Dandan Zhang
Part III Economic Integration
13. Global implications of China as a manufacturing
powerhouse . 261
Huw McKay and Ligang Song
14. China’s textile and clothing trade and global adjustment . 303
Will Martin
15. Inflow of foreign direct investment . 325
Chunlai Chen
16. Chinese foreign direct investment in the Australian
resource sector . 349
Peter Drysdale and Christopher Findlay
Part IV The Environment and Climate Change
17. Greenhouse gas emissions reduction: a theoretical
framework and global solution . 389
Project Team of the Development Research Centre of the State
Council, People’s Republic of China
18. Can China rescue the global climate change negotiations?. 409
Stephen Howes
19. Moving towards low-carbon economic growth. 431
Jinjun Xue
Index. 455
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