Gloalisation and China (1 Viewer)

[*Ninny-mole*]

Hey! Does anybody have any good resources on Globalisation and China? I have to do an essay and so far only have a couple of websites and my textbooks. I'm dumb, so if you could tell me websites or stuff that explain it all clearly, it would be very helpful... thanks!

 

[Riviet]

You could try the resources section, click here for the economics page where there are plenty of essays on various economies that you can look at. Remember not to plagiarise!

 

[Rekkusu]

Ahh Globalisation and China, lmao I took my chance in the HSC and didn't study for it, but don't follow me.

Anyways, resources for China economically are quite hard to obtain. A good startup would be your school library, you'll be amazed at how much info there is. If you cannot find enough information there.

Try the following, these were my research sites:

For really recent issues in China, related to economics:

http://www.economist.com/countries/China/index.cfm

For economic indicators:

http://www.economist.com/countries/China/profile.cfm?folder=Profile%2DEconomic%20Data

Reform & Capitalism:

http://www.economist.com/finance/displaystory.cfm?story_id=E1_QQDSJSP

Most likely, you will be comparing China & Australia's links as well, so here's some info for Australia [it will assist u for topic 2 as well]

http://www.economist.com/surveys/showsurvey.cfm?issue=20050507

A survey of China, 2002:

http://www.economist.com/surveys/showsurvey.cfm?issue=20020615

I hope that it has assisted your research, if you're unable to enter some pages in Economist.com I'll copy the article, and send it to you direct by PM/e-mail if needed since I have subscription.

Secondly, check other sites like WTO/APEC/World Bank/China's Foreign affairs site:

http://www.apec.org/content/apec/member_economies/key_economic_indicators.html

Last but not the least, some heavy pdfs that should assist you:

http://www.economywatch.com/world_economy/china/
siteresources.worldbank.org/INTCHINA/Resources/318862-1121421293578/chinaei.pdf

Cheers and good luck with your first assessment on China!

 

[Rafy]

When i was researching china i found there was usually not one source of information that displayed succinctly and comprehensively globalisation in China. A number of textbooks were good however. (There is a good china case study in the "Current Economics" textbook). However, much of the information i ultimately used was extracted from newspaper articles, and business magazine feature articles etc.

I recommend doing a search in a periodicals search engine (your school should have access to one) and also search online newspapers for past articles.
This is in addition to textbooks.



However here are a few ideas and things to look for and research further:

Past Reforms.

- under Deng Xiopeng; a move to a mixed economy, allowing the price mechanism to function.
- Tax reform (from regional to central control)
- Special economic zones
- Removal of trade barriers (allowing trade and investment)

Trade
- 3rd biggest exporter, Exports are greater than imports (meaning a significant Current Account Surplus)
- Composition and direction, moving from agriculture to manufacturing.
- Joined WTO in 2001 (Implication for a further reduction in protection?)

Investment
- Flows of FDI. (#1 in the world)
- Many foriegn companies investing due to their low labour costs.
- The potential market is a billion people! (Growing middle class, whoes growing demands for more expensive goods are going largely unsatisfied)

Foreign Exchange
- Yuan, crawling peg to the US dollar ( Introduced in september 05)
- Is 25% undervalued, This causes a significant competitive advantage! (that is fueling investment and trade)
- US calls for the adoption of a flexible system.
- Wont happen quickly, due to their insolevent banking system

Economic growth
-Fueled by effeciency improvments (.ie technology from foreigners, removal of protection forcing industry to become efficent to compete)
-Investment in Capital goods
-GDP growth Sustained at 9% over the last decade

Quality of life
- HDI rank
- Development, larger disposable income etc
- However Inequality is great, East v West. Most wealth is now concenrated on the eastern and soutehrn coastlines.
-Rural china still relies on subsitence living

 

[Demandred]

Just to add, I was in China for the past few weeks, its experiencing classic signs of 'economic duelism' as the income disparity between Eastern and Western regions increase, this is probably one of the biggest hurdles for the big cities. I'll kick you off in the right direction:

http://www.ifpri.org/divs/fcnd/dp/fcndp196.htm

 

[Demandred]

Something I found:

http://www.smh.com.au/news/world/high-price-to-pay-for-chinas-wealth/2006/01/06/1136387628069.html

 

[felixcthecat]

Trade
- 3rd biggest exporter, Exports are greater than imports (meaning a significant Current Account Surplus)
- Composition and direction, moving from agriculture to manufacturing.
- Joined WTO in 2001 (Implication for a further reduction in protection?)

about the current account surplus.. i've also read that china is running an expansionary fiscal policy, while also have read about the huge trade surplus due to exports to US and europe.. how does that work? a surplus and an expansionary fiscal stance?

 

[Demandred]

I do not think China's fiscal stance is expansionary, they are barely able to hold inflation, futhremore, SOEs and government services still continue to act as a fiscal black hole in thier budget.

 

[Sparcod]

You guys must've done China, you know a lot alright.

 

[felixcthecat]

I do not think China's fiscal stance is expansionary, they are barely able to hold inflation, futhremore, SOEs and government services still continue to act as a fiscal black hole in thier budget.

i'm pretty definite that China is currently in an expansionary fiscal stance.. i've read it in several places.. but i think you fixed the problem in the other thread.. if wut i said was correct, but i'm pretty sure china is expansionary and they say they needa move it to neutral due to inflationary pressure.. i've read it someone but never linked it to trade surplus... ^^''

 

[Demandred]

Bit of researching, you're right, China's fiscal policy is expansionary at $US -36 billion, inflation is relatively high at around 5%. Bit unusual, almost all western nations like to depress the economy if inflation is anything over 4%, I guess China's a special case, why? I leave that question to you .

 

[felixcthecat]

lolz.. so mny questions ><//

lets see.. high inflation........, ahh i'm stuck there.. nvmmm, high inflation = ... ahh i'm stuck again, so bad at linking.. maybe that's y i don't do too well in economics ><''

high inflation
prices rise
wages can't catch up
c'ers demand less, less savings
economy goes down....?


ahh i'm stuck again.. mind helping me link the results of high inflation? this summer sun is making me forget everything XP

 

[Demandred]

Incase no one reads SMH:

http://www.smh.com.au/news/opinion/little-time-to-waste-as-china-rises/2006/01/20/1137734146292.html

As always, don't plagerise, correctly reference it .