CHINA'S INDUSTRIAL REVOLUTION AND ECONOMIC PRESENCE

For some twenty-five years after 1949, China did not exist and the country was only rediscovered in the 1970s. As China looks set to soar in the new millennium, there is an urgency to understand the world's most populous economy with a billion plus people. This book aims to shed light on the country's rapid industrialization and internationalization by looking at questions such as: Can China sustain its accelerated rate of growth? Can labor supply be sustained at a relatively low wage rate? Can inflow of foreign direct investment be sustained at a high rate, given the consequent exposure to inflation? Will China's domestic market absorb its own output as the limit on the ability to export manufactures to overseas markets is reached? Is China's currency undervalued? Given China's foreign exchange reserves, should the country have a freely convertible currency?

Contents:

China's Industrial Revolution
China's Economic Presence
China and Asian Continental Economic Community: Intra Community Macro- and Microeconomic Parameters
Foreign Direct Investment (FDI) in China — An Economic Appraisal: A Structural Change
China's Money and Financial Market
The Foreign Sector of the Chinese Economy
China's Industrial Revolution and Beyond

Readership: Research scholars in academic, government and corporate institutions engaged in understanding China's economy.

“Professor Dutta in China's Industrial Revolution and Economic Presence has provided the reader with a valuable overview of the performance of the Chinese economy over the past quarter century and an analysis of what it will take for China to sustain rapid growth in the future. The book is particularly interesting in its discussion of China's relations with its neighbors and with the outside world more generally in this era of globalization. There is a valuable chapter comparing a potential Asian economic union with what made a union possible in Europe, another chapter looking at foreign direct investment into China, and a chapter on the foreign economic sector more generally. Professor Dutta brings to this study a background in economics and economic development generally, enriched by frequent visits to China that inform his analysis.”

Professor Dr Dwight H Perkins
Harold Hitchings Burbank Professor of Political Economy
Harvard University

“This is a comprehensive, well-documented and insightful account of China's economic development and globalization based on years of research and many visits to China. I recommend it very highly to all interested scholars and readers.”

Professor Gregory Chow
Princeton University

“This book, written by a thoughtful economist and scholar with a long time interest in China, presents a wealth of information and careful analysis of China, the world's most dynamic and influential developing economy. Of particular interest are the chapters on China's relationships with its neighbors in Asia and with other powerful nations and regional power including the United States, Japan and Europe … Comparisons with other economies throughout the book give the reader a good sense of the size of the Chinese economy and the speed with which it has emerged as a major economic powerhouse.”

John Malcolm Dowling
Consultant and Emeritus Professor
Melbourne University

324pp		Pub. date: Dec 2005
ISBN: 978-981-256-465-8 981-256-465-9		US$90 / £52

324pp		Pub. date: Dec 2005
ISBN: 978-981-270-326-2(ebook) 981-270-326-8(ebook)		US$114 / £66

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