By Michael Webber, M. Wang, Z. Ying
How has China approached the worldwide economic climate? Webber, Wang and Zhu try and solution this question via research of the options of globalization, transition and regionalization. China's strategy has been experimental, stressing the liberalization of alternate and funding flows and the advance of a industry economic climate. by means of those indexes globalization in China has been slow and asymmetric. Integrating Western social technology and chinese language study, this ebook assesses the character and impression of globalization in China and its implications.
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Additional resources for China's Transition to a Global Economy
Within China, research has identiﬁed the need for FDI outﬂows (Chen and Zhang 1995; Xie 1994), policy issues (Liu et al. 1993; Liu and Yuan 1997), how China should establish general trading companies (after the manner of Japanese sogo shosha) through FDI outﬂow (Fang 1996) and how Chinese ﬁrms should select overseas partners (Yang 1996). This chapter describes how China has gone out. It examines the motivations for and spatial distribution of CGI transnational corporations (TNCs), mainly not trading enterprises, by evaluating ofﬁcial statistics and an array of relevant studies and commentaries.
4 million in 1992 whereas investment projects in the SE Asian countries of Thailand, Malaysia, Indonesia, and the Philippines during 1959–92 averaged $US40 million (McVey 1992; Chen T 1998). Thus, China’s overseas investments are smaller in scale than the FDI projects of other countries (perhaps excluding some investments in China itself). It is not understood why China’s FDI projects are small, and what prevents China’s offshore plants from expanding. 4. Gradually going out The setting up of overseas operations by Chinese enterprises is a relatively new phenomenon and FDI by Chinese corporations is still small.
Technology trade and diffusion The fourth dimension of China’s openness is its technology trade and capacity to transfer technology. It is well known that technology diffusion and transfer have been problematic for LDCs that have adopted export-oriented development strategies. Commonly, developing country hosts of TNCs are in a disadvantaged position and depend upon advanced countries for technology and know-how, with limited opportunities to increase their capacity for technology innovation and re-export of technology products (Kumar 1998).
China's Transition to a Global Economy by Michael Webber, M. Wang, Z. Ying