The Globalization of the Chinese Economy

6
Index Structure 82-4,90-3,93-7 Agriculture Arable land 134,144, 146 Economic growth 54,365 Employment in 39-40 Farm size 40-1 Government policies toward Population engaged in 135-43 Productivity of land and labor Tariff rate quotas 36-7 Trade 3540 WO, impact of 3,545,368, 5-6,36-44,143-6 38-40,41-3, 1467 1 12, 146-50,169-72’182-4 Apparel industry see textile industry ASEAN WO, impact on 161-86 Asia Pacific Economic Cooperation (APEC) 19 Asia Pacific Regional Operation Center 199 Automobile industry 82-97 Air pollutionlak quality, implications for 91-2 Cars, numbers of 84-90 Forecast methodology 84-90 Constraints on 90-3 FDI, role of 93-5 Government policy toward Industry players 83 International comparisons Joint ventures in 94-5 Prospects for growth 6-7, Recent developments 82-4 Regional protectionism 90-2 82-4,90-3,95-7 82-90 88-93 WO, impact of 6-7,93-7, 111-14, 185-6 Baker Institute, Rice University Bank of China 58 Build Operate and Transfer Capital formation 158-9 China Development Bank 58 Chinese Economists Society 2 Chung-Hua Institute for Economic Research 25,191 Cross- Strait economic relations see Taiwan Competition policy 69-74,80 Computable general equilibrium models (CGE models) Application to 88-9 (BOT) 20,60 Labor market analysis Trade issues 155-87 WTO, China’s accession to 103-15 103-1 5, 155-88 Development and structure 156-9 Diaspora see overseas Chinese Dispute settlement see international trade Division of labor, global 196-9 Economic growth and development 34-44 Agriculture, h p lication s FDI, implications see FDI Urbanization, implications see urbanization Economic planning 13-32 264 Shang-Jin Wei, Guanzhong James Wen and Huizhong Zhou - 9781843765547 Downloaded from Elgar Online at 04/20/2022 03:29:07AM via free access

Transcript of The Globalization of the Chinese Economy

Page 1: The Globalization of the Chinese Economy

Index Structure 82-4,90-3,93-7

Agriculture Arable land 134,144, 146 Economic growth 5 4 , 3 6 5 Employment in 39-40 Farm size 40-1 Government policies toward

Population engaged in 135-43 Productivity of land and labor

Tariff rate quotas 36-7 Trade 3540 W O , impact of 3 , 5 4 5 , 3 6 8 ,

5-6,36-44,143-6

38-40,41-3, 1467

1 12, 146-50,169-72’182-4 Apparel industry see textile

industry ASEAN

W O , impact on 161-86 Asia Pacific Economic

Cooperation (APEC) 19 Asia Pacific Regional Operation

Center 199 Automobile industry 82-97

Air pollutionlak quality, implications for 91-2

Cars, numbers of 84-90 Forecast methodology

84-90 Constraints on 90-3 FDI, role of 93-5 Government policy toward

Industry players 83 International comparisons

Joint ventures in 94-5 Prospects for growth 6-7,

Recent developments 82-4 Regional protectionism 90-2

82-4,90-3,95-7

82-90

88-93

W O , impact of 6-7,93-7, 111-14, 185-6

Baker Institute, Rice University

Bank of China 58 Build Operate and Transfer

Capital formation 158-9 China Development Bank 58 Chinese Economists Society 2 Chung-Hua Institute for

Economic Research 25,191 Cross- Strait economic relations

see Taiwan Competition policy 69-74,80 Computable general equilibrium

models (CGE models) Application to

88-9

(BOT) 20,60

Labor market analysis

Trade issues 155-87 WTO, China’s accession to

103-15

103-1 5, 155-88 Development and structure

156-9

Diaspora see overseas Chinese Dispute settlement see

international trade Division of labor, global 196-9

Economic growth and development

34-44 Agriculture, h p l icat ion s

FDI, implications see FDI Urbanization, implications see

urbanization Economic planning 13-32

264 Shang-Jin Wei, Guanzhong James Wen and Huizhong Zhou - 9781843765547

Downloaded from Elgar Online at 04/20/2022 03:29:07AMvia free access

Page 2: The Globalization of the Chinese Economy

Index 265

Five-year Plans 16-19,64

Government policy 13-32, Economic reform

95-7 Central planning,

comparison with 13-14 Current objectives 1 7- 19 Evolution of 13-19 Institutions of 13-32 Instruments of 19-24

Recommendations 95-7,

W O , Impact of 30-2 217-18

Effective trade protection 27-9 Electronics industries

WTO, impact of 11 1-14 Employment see labor market Environmental protection

Air quality 91-3 European Union (EU)

FDI, strategies of investors

W O , impact of 161-88 227-35,240

Five-year Plans 16-1 9,64 Floating population 135 Foreign direct investment (FDI)

Determinants of 205-1 8 Economic growth 216-18 Government policy 22-4,

215,216-18 Conflicts with MNCs

Guidelines 22-4 Restrictions 23-4

Incentive implications 24-32,

Infrastructure 2 18 Market size 214

History in China 205-1 1 Horizontal versus vertical

2 17

210-13,222-4

Investing country, impact on

Joint ventures 94-5 Linkage characteristics 222-7 Objectives 222-4

190-202

Cost reduction 222-4 Export sales 2 2 2 4 Market seeking 222-4

Regional distribution see regional

sources 221-41 Strategies 22 1-4 1

By source Europe 240 Japan 237-8 Overseas Chinese 236-7 United States 238-9

W O , Impact on 3-42 16-1 8, 24 1

Global division of labor see

Global Trade Analysis Project

Globalization 1-10 for overview

division of labor

109

and summary, also see individual listings

Government of China Economic planning see

economic planning Economic reform see

economic reform Industrial policy see industrial

policy Institutions

Economic and Trade Commission 22

National People’s Congress 16-17,56

State Commission of Radio, Film and Television 70

State Council 15-16,56-7, 60,61- 2 Shang-Jin Wei, Guanzhong James Wen and Huizhong Zhou - 9781843765547

Downloaded from Elgar Online at 04/20/2022 03:29:07AMvia free access

Page 3: The Globalization of the Chinese Economy

266 The Globalization of the Chinese Economy

State Development Planning Commission (formerly State Planning Commission) 58,69,

State Planning Commission 75-6

17,22,24 Ministries see ministries Trade see international trade

Strategies of foreign investors Guangdong Province

in 221-41

Home town connections 2 1 1,2 15,

Hong Kong

Household registration system

218

FDI, source 214-15

135

Income distribution 1 18-3 1 Regional inequality

Industrial policy 5, 13-32 W O , impact of 8, 13 1

Central planning, comparison

Historical evolution 15-1 7 Incentive implications 24-32

Objectives and principles

Pillar industries 96-7 Present and fbture policies

Taxes 25-7 WTO, impact of 3 1-2

with 5

Instruments 19-24

14-19

17-19,31-2

Industrial structure 13-32,96-7 Information technology industry

see Telecommunications Institute for Energy Economics -

Japan (IEEJ) 88-9 Internal migration 135, 144-6

International trade Disputes and resolution 10,

Causal factors 249-5 1 Differences between GATT

and WTO 24549 Factors causing trade

disputes 249-5 1 History 245-49 Prospects under WTO

25740,262 Strategic options

For China 25760 For MNCs 260-2

244-62

Factor endowments, role in

FDI, impact of 119-25 Performance - exports and

161-9

imports 29-30,368, 121-2,252-4

Policy 38 Policy instruments 19-24,

35-6 Non-tariff barriers 266-7

Protection index 27-9 Structure 29-30 Regional impacts 1 18-3 1 WTO, impact of 2 4 8 - 9 ,

103-5,111-14, 155-188

Japan Foreign direct investment

Industrial policies 13 Investment strategies of

W O , impact on 161-88 Jitong Communications Co. Ltd.

58-60,63 Job match model 108 Joint ventures 94-5

227-3 5,23 7-8

Japanese investors 23 7-8

Labor market 1 03- 15 Shang-Jin Wei, Guanzhong James Wen and Huizhong Zhou - 9781843765547Downloaded from Elgar Online at 04/20/2022 03:29:07AM

via free access

Page 4: The Globalization of the Chinese Economy

Index 267

Employment / unemployment

GCE modeling applied to

Internal migration, impact 135,

Market characteristics 103-7 Participation rate, labor force

Productivity 126-30 Sectoral shifts 1 13-14 Turnoverrate 107 W O , hpact of 3,7, 103-15,

11 1-14

107-15

13943

(LFPP) 107

17% 82 Legal system

Role in trade disputes 244-62

Ministries Ministry of Electric Power 56 Ministry of Electronics

Industry 56 Ministry of Foreign Trade and

Economic Co-operation (MOFTEC) 2 1,22

Ministry of Information Industry (MI) 47-65,

68-80 Ministry of National Security

Ministry of Posts and

Ministry of Railways 56 Multi Fiber Agreement 11 1

Quotas 160, 179-82 Multinational companies

Chinese economy, role in

Conflicts with GOC 2 17-8 Dispute settlement, strategies

FDI, strategies 22 1 4 1 Joint ventures, role in 94-95

Newly Industrialized Economies

55

Telecommunications 47

2 17-8

for 260-2

( N W Industrial policy 1 3 4

Oxford world macrmonom ic model 159-61

Overseas Chinese FDI, role and strategies 2 14-5,

2 18,227-37,24 1 Petroleum industry

Automobile industry,

Gasoline 90-3 Refining and distribution 90-3,

Role of FDI 94-5

relationship to 82-97

96-7

Pillar industries 16-24,90-1 Population

Agricultural vs non- agricultural 139-43

Prices/pricing policies 19, 71-2 Production hc t ions 125-3 1 Productivity 127-30

Protection index 27-9 Provincial Postal and

Total factor productivity 158-9

telecommunications Authorities (PTA) 52,72,76

Reform see economic reform Regional developments and

prospects 1 18-3 1 Coastal-interior comparisons

Economic growth 121-5 Factor markets 126-30 Factor productivity 126-30 Foreign direct investment

Foreign trade and FDI 126-3 1 Past trends 119-25 Regional inequality 1 18-3 1 WTO, impact of 13 1

Regional protectionism 9 1

119-25

21 1-2

Shang-Jin Wei, Guanzhong James Wen and Huizhong Zhou - 9781843765547Downloaded from Elgar Online at 04/20/2022 03:29:07AM

via free access

Page 5: The Globalization of the Chinese Economy

268 The Globalization of the Chinese Economy

Rural areas Economic status and prospects

Impact of trade and FDI 3842,143-50

118-31

Service sectors 143, 148 Sino-European Union WTO

Sino-US WTO accord 48-9 South East Asian countries

FDI, Taiwan into 190-1 South Korea

Cars 84-90 State-owned enterprises 103-8

accord 48

Taiwan Cross-Strait economic

relations 190-202 Economic structure 196-200 Index of manufacturing

industrial upgrading 196 Mainland Affairs Council 190 Ministry of Economic Affairs

Outward FDI, impact of 193,

190-202 Domestic investment 193-5

Industrial upgrading 196-9 Hollowing Out 199-200

Trade and balance of payments

Unemployment 200 Wage inequality 200-1 W O , impact of 9

Policy 25-7

191-3,201-2

Taxes

Telecommunications industry 47-66,68-80

for 64 Foreign investment, prospects

Foreign participation

Government institutions 47-66,68-80

Government policy toward MII 56-66,68-80

47-66,68-80 Commitments under WTO

WTO Basic Telecom 47-50

Agreement of 1997

Sino-European Union WTO accord 48

Sino-US WTO accord 48-49

4 8 4 9

Concerns 50-5 Evolution 50-5 Strategy 55-65

Historical evolution and

Industry players growth 47-55

China Mobile 57,59,60,63 China Netcom 58-60,70 China Paging 57 China Telecom 56-60,

China Unicom 56-60,72-3 Jitong Communications,

58-60,63 PTAs 52,54

63-4,70,724,78-80

Industry structure 47-65, 68-74 Access 72-3 Competition 69-74,80 Entry 68-74

Legal fkamework 60-3 Pricing 53,71-2,78 Rate structure 53475-9 Regional disparities 55 Trade barriers 53

Funding 534,78-79

Prospects 6 3 4 Teledensity 50-5

Shang-Jin Wei, Guanzhong James Wen and Huizhong Zhou - 9781843765547Downloaded from Elgar Online at 04/20/2022 03:29:07AM

via free access

Page 6: The Globalization of the Chinese Economy

Index 269

W O , impact of 6 Strategic responses 55-65

Telecommunications Regulations of the People’s Republic of China 60

Textile industry W O , impact of 1 1 1-14,

Township and village enterprises

Unemployment see labor market United States

Foreign Direct Investment

Strategies of US h s

W O , impact of 155-88

Agglomeration effects 136-8 Agricultural policies, impact

on 143-6 Comparison with other

countries 143-4 Constraints on 143-6 Current status 135,139-43 Economic development, role in

179-82

(TVEs) 141

238-9

23 8-9

Urbanizatidurban areas

136-8

Government policy toward

Historical development 139-40

Internal migration, role of 134-5,144-6

International comparisons 136-9

Population Urban vs rural 139-4 1

W O , implications of 8, 146-50

1365,139-142

Water resources 149 World Bank 89 World Trade Organization

Agreements 93 Dispute settlement system

244-62 Government commitments 93,

155-6 Impact on China and its trading partners 1-10,

93-5, 155-88

Shang-Jin Wei, Guanzhong James Wen and Huizhong Zhou - 9781843765547Downloaded from Elgar Online at 04/20/2022 03:29:07AM

via free access